Shalimar Paints : Extra Ordinary Meeting

PAINTS

April 01, 2022

BSE Limited

Corporate Relationship Department 1" Floor, New Trading Ring, Rotunda Building, P.J. Towers,

Dalal Street, Fort, Mumbai - 400 001

BSE Scrip Code: 509874

National Stock Exchange of India Limited Exchange Plaza, 5" Floor,

Plot No. C/1, G- Block, Bandra-Kurla Complex,

Bandra (East), Mumbai 400051 NSE Symbol: SHALPAINTS

Sub.: Proceedings of 2°! Extraordinary General Meeting for the financial year 2021-22 of

Shalimar Paints Limited held on March 31, 2022

Ref:

Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Dear Sir/Madam,

This is to inform you that the 2" Extraordinary General Meeting ("EGM") for the financial year

2021-22 of the members of Shalimar Paints Limited ("the Company") was

held
Other	Audio	Visual	Means
Act,	2013

31, 2022 at 03:00 P.M. through Video Conferencing ("WC") / in accordance with the applicable provisions of Companies

on Thursday, March

("OAVM")

read with the rules issued

thereunder, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the

circulars	Corporate
Further,	in	accordance	Secretarial	issued by	the
Institute	of	Company	dated April	15,

with the

issued by the Ministry of

Affairs and the Securities and Exchange Board of India.

Standard on General Meetings ("SS-2")Secretaries of India ("ICSI") read with guidance/clarification 2020 issued by the ICSI, the proceedings of the EGM were deemed to be conducted at the registered office of the Company which was the deemed venue of the EGM.

Dr. Rajeev Uberoi, Chairman of the Board of Directors of the Company, chaired the meeting. Thereafter, Ms. Shikha Rastogi, Company Secretary of the Company introduced other directors/ officials of the Company who were present at the EGM. The requisite quorum being present, the meeting was called to order. The Chairman informed the members that the Company had taken all

requisite steps under the current circumstances to enable the members conference and electronically vote at the EGM.

The notice convening the EGM dated March 08, 2022 together with

to	participate	video
the	corrigendum	EGM

to the

through

Notice dated March 28, 2022 ("EGM Notice') were taken as read as the same were already circulated to the members.

The members were informed that pursuant to the provisions of the Companies Act, 2013 read with

rules framed

thereunder

and

the

SEBI

(Listing

Obligations

and

Disclosure

Requirements)

facility	to	the	members
Company	respect	of	the	Notice.	The	remote
commenced	09:00	a.m.	(IST)

in

Regulations, 2015, the Company had extended remote e-voting

resolutions mentioned

in the EGM

of the e-voting

at

on March 28, 2022 and ended at EDS: 00 p-m. (IST) on March 30, 2022.

| Shalimar Paints Ltd.

©

SHALIMAR

Corporate Office: 1" Floor, Plot No. 28, Sector 32, Gurugram~ 122001, Haryana

|

Regd. Office: Stainless Centre, 4" Floor, Plot No. 50, Sector 32, Gurugram~ Call: [phone] Fax: [phone] Toll Free: 1800-103-6509

122001, Haryana.

Email Id: askus(@shalimarpaints.com Website:www.shalimarpaints.com CIN: L24222HR1902PLC065611

PAINTS

EGM in a fair and transparent manner. The members were further informed that the Scrutinizer consider the votes cast through remote e-voting and e-voting at the EGM and will then prepare

Secretary,	was
e-voting	at	the
will

The members were then informed that Mr. Mohit Maheshwari, Practicing Company appointed as the Scrutinizer for the purpose of scrutinizing the remote e-voting and

consolidated report of voting on the resolutions.

Thereafter, the following items of business as set out in the EGM

'

Notice were put for theshareholders' approval after briefly explaining the objective and implications of the same: Special Business

• 1. Issue of upto 30,65,134 and upto 26,81,992 warrants, each carrying a right to subscribe to 1 fully paid up equity share of the Company having a face value of Rs. 2/- each at a price of Rs. 130.50

  per warrant aggregating to Tradecorp Private Limited

  Rs.
  and	on	preferential
  paid	up equity

  to 1 fully

  39,99,99,987/- and Rs. 34,99,99,956/- respectively, to Virtuous JSL Limited respectively, promoter group entities,

  issue and

  private placement basis.

• 2. Issue upto 57,47,126 warrants, each carrying a right to subscribe

of

share of the Company having a face value of Rs. 2/- each at a price of Rs. 130.50 per warrant, aggregating to Rs. 74,99,99,943/- to Hella Infra Market Private Limited, on preferential issue and private placement basis.

3. 4.

Appointment	of
Appointment	of	of
then

Mr. Souvik Pulakesh Sengupta (DIN: 07248395) as a director of the Company.

Mr. Abhyuday Jindal (DIN: 07290474) as a director

The members present who had registered themselves as speakers, were

the Company.

provided the opportunity

to seek clarifications and/or offer comments related to any item of business. Some members present in the meeting raised certain queries related to the business items and all of them were suitably replied to by the management of the Company.

The Members were further informed that based on the consolidated report of the Scrutinizer, the Company will submit the result of voting to the Stock Exchanges where the shares of the Company are listed within the prescribed time limit and shall place the same on website of the Company.

The Chairman, thereafter, thanked all the members for their participation at the EGM and authorised the Company Secretary to accept the consolidated report of the scrutinizer and declare the results of voting within the prescribed time limit.

The facility to electronically vote was made available at the EGM for the members who had not cast their vote earlier through remote e-voting. The meeting was thereafter concluded at 03:30 P.M. with a vote of thanks to the Chair. The members were informed that electronic voting would continue for another 15 minutes to enable the members to cast their votes.

Please take the above information on your record.

Thanking you,

Yours faithfully,

For Shalimar Paints Limited

NS

Shikha Rastogi Company Secretary

Shalimar Paints Ltd.

&

SHALIMAR

PAINTS

Corporate Office: 1* Floor, Plot No. 28, Sector 32, Gurugram - 122001,

Haryana

Regd. Office: Stainless Centre, 4" Floor, Plot No. 50, Sector 32, Gurugram - 122001, Haryana. Call: [phone] Fax: [phone] Toll Free: 1800-103-6509

Email id: askus{ashalimarpaints.com Website:www.shalimarpaints.com CIN: L24222HR1902PLC065611