Akzo Nobel lndla Limited | AkzoNobelj,/ |
4 August 2023
Department of Corporate Services SSE Limited
1st floor, New Trading Ring Rotunda Building, P J Towers Dalal Street, Fort
Mumbai - 400 001
Scrip Code: 500710
Dear Sir,
The Listing Department
National Stock Exchange of India Ltd. Exchange Plaza, 5th floor, Bandra-Kurla Complex
Sandra (E) Mumbai - 400051 Symbol: AKZOINDIA
Sub: Outcome of AGM - pursuant to Regulation 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
This is to inform you that 69th Annual General Meeting (AGM) of the Company was held on Thursday, 3rd August 2023 at 1430 hours through video conferencing/other audio visual means in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI) to transact the business(es) mentioned in the Notice dated 23 May 2023 convening the AGM.
We hereby submit the followinq documents: | ||
Description | Annexure | |
Summary of the proceedings of the AGM pursuant to Part A | Annexure-A | |
of the Schedule 111 under regulation 30 of the SEBI LODR | ||
Requlations | Annexure-B | |
Voting results of the AGM pursuant to Regulation 44 of the | ||
SEBI LODR Reaulations | ||
Consolidated Report of the Scrutinizer dated 41h August | Annexure-C | |
2023 on remote e-voting and e-voting at the AGM, pursuant | ||
to Section 108 of the Companies Act, 2013 read with Rule | ||
20 of the (Manaaement and Administration) Rules, 2014 |
The above details will also be available on the website of the Company (www.akzonobel.co.in) and the website of National Securities Depository Limited (www.evoting.nsdl.com)
Further, the recording of the webcast of the AGM has been uploaded on the website of the Company at www.akzonobel.co.in and can be accessed through the following link: https://akzonobel.co.in/investors.php#agm-m
This is for your kind information and record.
Thanking you,
Yours sincerely,
For Akzo Nobel India Limited
KRISHNA RALLAPALLI
Digitally signed by
KRISHNA RALLAPALLI Date: 2023.08.04 16:18:46 +05'30'
Krishna Rallapalli
Wholetime Director and CFO
DIN:03384607
Encl: as above.
Magnum Towers, 9th Floor | T +91 124 485 2400 |
Golf Course Extension Road, Sector-58 | www.akzonobel.co.in |
Gurugram • 122 011 | |
Haryana, India |
Regl11orad Olllco GealanJall Apartmonl, 111 Floor, 8-8, Middleton Slreel. Kolkala- 700 071 CIN L24292W81954PLC021516
Annexure-A
BRIEF PROCEEDINGS OF THE 69 | th | ANNUAL GENERAL MEETING ('AGM') | ||||
OF AKZO NOBEL INDIA LIMITED | ||||||
The 69thAGM | rd | |||||
of the Company was held on Thursday, 3 August 2023, through | ||||||
video conferencing/other Audio Visual Means in accordance the applicable | ||||||
provisions of Companies Act, 2013 read with the Rules issued thereunder and | ||||||
the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. | ||||||
The meeting commenced at 1430 hours. | ||||||
Mr Oscar Wezenbeek, Chairman of the Company, chaired the proceedings of the | ||||||
meeting. | ||||||
The requisite quorum being present through Video Conferencing/other audio | ||||||
visual means, the Chairman called the meeting to order. All directors were | ||||||
present in the meeting. The Statutory, Secretarial and Cost Auditors were also | ||||||
present in the meeting. | ||||||
The Chairman welcomed all the Directors and shareholders of the Company to | ||||||
theAGM. | ||||||
He then introduced all the Directors and acknowledged the attendance of | ||||||
Auditors in the meeting. | ||||||
Beforestarting the formal business of the meeting, he made a speech to the | ||||||
shareholders where he highlighted the economic environment, innovation and | ||||||
growth, powerful performance on Grow and Deliver ambition, key initiatives | ||||||
including those with respect to sustainability, CSR and the way forward for the | ||||||
company. | ||||||
After this the Managing Director of the Company, Mr Rajiv Rajgopal made a | ||||||
presentation sharing performance highlights of the company. | ||||||
After the presentation, Chairman continued the proceedings and informed that | ||||||
the Notice of theAGM together with the financial statements and the reports of | ||||||
the board of directors and auditors for the financial year ended 31st March 2023 | ||||||
were sent to the members by email and a public notice was published in the | ||||||
newspapers. Since there were no adverse remarks, these were taken as read. | ||||||
Thereafter he requested the members to ask their questions/express their views. | ||||||
A total of 13 speaker shareholders spoke/raised queries/made comments on the | ||||||
financial performance and other relevant matters of the Company. | ||||||
The Chairman thanked all the members for their participation at theAGM and for | ||||||
their constructive suggestions and observations. Thereafter, the Chairman, | the | |||||
Managing | Director/CFO | answered/responded/clarified | all | the | ||
questions/comments. |
Thereafter, the Chairman took up the following items of business, as per the Notice convening the 69th AGM of the Company dated 23 May, 2023:
SI. No. Aoenda item/Resolution | Cateaorv |
Ordinarv Business |
- To receive, consider and adopt the audited Ordinary Resolution financial statements (standalone and
consolidated) for the financial year ended 31 March 2023 and the reports of the Directors and Auditors thereon
-
To confirm interim Dividend as declared and Ordinary Resolution paid during financial year 2022-2023and to
declare final Dividend on equity shares for the financial year ended 31 March 2023
-
To appoint a Director in place of Mr Krishna Ordinary Resolution Rallapalli (DIN: 03384607) who retires by
rotation and being eligible, offers himself for re- appointment
4
5
Special Business | |
To consider re-appointment of Mr Hemant Sahai | Special Resolution |
(DIN: 00088238) as an Independent Director | |
for a period of 3 (three) years from 3 August, | |
2023 to 2 August, 2026. | |
To consider ratification of remuneration to M/s | Ordinary Resolution |
Chandra Wadhwa & Co. (Firm Registration | |
Number 000239), Cost Auditors for the financial | |
year 2023-24 | |
The chairman then invited the members present, who did not cast their votes through remote e-voting, to cast their votes electronically during the AGM. He informed the members that voting on the NSDL platform would be available for next 30 minutes to enable the members to cast their votes.
On completion of the e-voting process, the meeting concluded at 1653 hours
All the resolutions proposed at the meeting were passed with requisite majority. Detailed voting results for the votes cast through remote e-votingand
electronic voting at the AGM on the resolutions as set out in the Notice of AGM are enclosed.
Annexure-B
AKZO NOBEL INDIA LIMITED | |
Date of 69th Annual General Meeting | 3rd August,2023 |
Total number of shareholders on record | 46,015 |
date(27/07/2023) | |
No of Share Holders Present in the Meeting either in | N.A. |
Person or through Proxy | |
Promoters and Promoter Group | N.A. |
Public | N.A. |
No.of Shareholders attended the Meeting through | 89 |
Video Confeferencing | |
Promoters and Promoter Group | 2 |
Public | 87 |
Details of Agenda :
Resolution No : 1 -Adoption of audited financial statements (standalone and consolidated) for the year ended 31 March 2023 and the Reports of the Directors and Auditors thereon.
Resolution required (Ordinary/ Special) | Ordinary | ||||||||
Whether Promoter/ Promoter group are interested in the | No | ||||||||
agenda/ resolution ? | |||||||||
Category | Mode of Voting | No.of shares | No.of votes | % of Votes Polled | No.of Votes - | No.of | % of Votes | % of Votes | |
held | polled | on outstanding | in favour | Votes | in favour on | against on | |||
(1) | (2) | shares | (4) | against | votes polled | votes polled | |||
(3) = [(2)/(1)]*100 | (5) | (6)=[(4)/(2)] | (7)=[(5)/(2)] | ||||||
*100 | *100 | ||||||||
Promoter and Promoter Group | E-Voting | 34044335 | 34044335 | 100.0000 | 34044335 | 0 | 100.0000 | 0.0000 | |
Poll | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | |||
Postal Ballot (if applicable) | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | |||
Total | 34044335 | 34044335 | 100.0000 | 34044335 | 0 | 0.0000 | 0.0000 | ||
Public - Institutions | E-Voting | 5407936 | 3946862 | 72.9828 | 3946862 | 0 | 100.0000 | 0.0000 | |
Poll | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | |||
Postal Ballot (if applicable) | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | |||
Total | 5407936 | 3946862 | 72.9828 | 3946862 | 0 | 0.0000 | 0.0000 | ||
Public -Non Institutions | E-Voting | 6088043 | 27296 | 0.4484 | 27292 | 4 | 99.9853 | 0.0147 | |
Poll | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | |||
Postal Ballot (if applicable) | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | |||
Total | 6088043 | 27296 | 0.4484 | 27292 | 4 | 99.9853 | 0.0147 | ||
Total | 45540314 | 38018493 | 83.4832 | 38018489 | 4 | 100.0000 | 0.0000 |
Resolution No : 2 - Confirm interim Dividend as declared and paid during financial year 2022-23 and declaration of final Dividend on equity shares for the year ended 31 March 2023.
Resolution required (Ordinary/ Special) | Ordinary | ||||||||
Whether Promoter/ Promoter group are interested in the | No | ||||||||
agenda/ resolution ? | |||||||||
Category | Mode of Voting | No.of shares | No.of votes | % of Votes Polled | No.of Votes - | No.of | % of Votes | % of Votes | |
held | polled | on outstanding | in favour | Votes | in favour on | against on | |||
(1) | (2) | shares | (4) | against | votes polled | votes polled | |||
(3) = [(2)/(1)]*100 | (5) | (6)=[(4)/(2)] | (7)=[(5)/(2)] | ||||||
*100 | *100 | ||||||||
Promoter and Promoter Group | E-Voting | 34044335 | 34044335 | 100.0000 | 34044335 | 0 | 100.0000 | 0.0000 | |
Poll | 0.0000 | 0 | 0.0000 | 0.0000 | |||||
Postal Ballot (if applicable) | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | |||
Total | 34044335 | 34044335 | 100.0000 | 34044335 | 0 | 100.0000 | 0.0000 | ||
Public - Institutions | E-Voting | 5407936 | 3952306 | 73.0834 | 3952306 | 0 | 100.0000 | 0.0000 | |
Poll | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | |||
Postal Ballot (if applicable) | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | |||
Total | 5407936 | 3952306 | 73.0834 | 3952306 | 0 | 100.0000 | 0.0000 | ||
Public -Non Institutions | E-Voting | 6088043 | 27296 | 0.4484 | 27200 | 96 | 99.6483 | 0.3517 | |
Poll | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | |||
Postal Ballot (if applicable) | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | |||
Total | 6088043 | 27296 | 0.4484 | 27200 | 96 | 99.6483 | 0.3517 | ||
Total | 45540314 | 38023937 | 83.4951 | 38023841 | 96 | 99.9997 | 0.0003 |
Resolution No : 3 - Re-appointment of Mr Krishna Rallapalli (DIN 03384607) as a Director who retires by rotation and offers himself for re-appointment. | ||||||||||
Resolution required (Ordinary/ Special) | Ordinary | |||||||||
Whether Promoter/ Promoter group are interested in the | No | |||||||||
agenda/ resolution ? | ||||||||||
Category | Mode of Voting | No.of shares | No.of votes | % of Votes Polled | No.of Votes - | No.of | % of Votes | % of Votes | ||
held | polled | on outstanding | in favour | Votes | in favour on | against on | ||||
(1) | (2) | shares | (4) | against | votes polled | votes polled | ||||
(3) = [(2)/(1)]*100 | (5) | (6)=[(4)/(2)] | (7)=[(5)/(2)] | |||||||
*100 | *100 | |||||||||
Promoter and Promoter Group | E-Voting | 34044335 | 34044335 | 100.0000 | 34044335 | 0 | 100.0000 | 0.0000 | ||
Poll | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | ||||
Postal Ballot (if applicable) | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | ||||
Total | 34044335 | 34044335 | 100.0000 | 34044335 | 0 | 100.0000 | 0.0000 | |||
Public - Institutions | E-Voting | 5407936 | 3952306 | 73.0834 | 3943947 | 8359 | 99.7885 | 0.2115 | ||
Poll | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | ||||
Postal Ballot (if applicable) | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | ||||
Total | 5407936 | 3952306 | 73.0834 | 3943947 | 8359 | 99.7885 | 0.2115 | |||
Public -Non Institutions | E-Voting | 6088043 | 27296 | 0.4484 | 27172 | 124 | 99.5457 | 0.4543 | ||
Poll | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | ||||
Postal Ballot (if applicable) | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | ||||
Total | 6088043 | 27296 | 0.4484 | 27172 | 124 | 99.5457 | 0.4543 | |||
Total | 45540314 | 38023937 | 83.4951 | 38015454 | 8483 | 99.9777 | 0.0223 | |||
Resolution No : 4 - Reappointment of Mr Hemant Sahai as an Independent Director for a period of 3 (three) years from 3 August 2023 to 2 August 2026. | ||||||||||
Resolution required (Ordinary/ Special) | Special | |||||||||
Whether Promoter/ Promoter group are interested in the | No | |||||||||
agenda/ resolution ? | ||||||||||
Category | Mode of Voting | No.of shares | No.of votes | % of Votes Polled | No.of Votes - | No.of | % of Votes | % of Votes | ||
held | polled | on outstanding | in favour | Votes | in favour on | against on | ||||
(1) | (2) | shares | (4) | against | votes polled | votes polled | ||||
(3) = [(2)/(1)]*100 | (5) | (6)=[(4)/(2)] | (7)=[(5)/(2)] | |||||||
*100 | *100 | |||||||||
Promoter and Promoter Group | E-Voting | 34044335 | 34044335 | 100.0000 | 34044335 | 0 | 100.0000 | 0.0000 | ||
Poll | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | ||||
Postal Ballot (if applicable) | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | ||||
Total | 34044335 | 34044335 | 100.0000 | 34044335 | 0 | 100.0000 | 0.0000 | |||
Public - Institutions | E-Voting | 5407936 | 3952306 | 73.0834 | 3931482 | 20824 | 99.4731 | 0.5269 | ||
Poll | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | ||||
Postal Ballot (if applicable) | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | ||||
Total | 5407936 | 3952306 | 73.0834 | 3931482 | 20824 | 99.4731 | 0.5269 | |||
Public -Non Institutions | E-Voting | 6088043 | 27296 | 0.4484 | 26923 | 373 | 98.6335 | 1.3665 | ||
Poll | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | ||||
Postal Ballot (if applicable) | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | ||||
Total | 6088043 | 27296 | 0.4484 | 26923 | 373 | 98.6335 | 1.3665 | |||
Total | 45540314 | 38023937 | 83.4951 | 38002740 | 21197 | 99.9443 | 0.0557 | |||
Resolution No : 5 - Ratification of remuneration to Cost Auditors for the year 2023-24. | ||||||||||
Resolution required (Ordinary/ Special) | Ordinary | |||||||||
Whether Promoter/ Promoter group are interested in the | No | |||||||||
agenda/ resolution ? | ||||||||||
Category | Mode of Voting | No.of shares | No.of votes | % of Votes Polled | No.of Votes - | No.of | % of Votes | % of Votes | ||
held | polled | on outstanding | in favour | Votes | in favour on | against on | ||||
(1) | (2) | shares | (4) | against | votes polled | votes polled | ||||
(3) = [(2)/(1)]*100 | (5) | (6)=[(4)/(2)] | (7)=[(5)/(2)] | |||||||
*100 | *100 | |||||||||
Promoter and Promoter Group | E-Voting | 34044335 | 34044335 | 100.0000 | 34044335 | 0 | 100.0000 | 0.0000 | ||
Poll | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | ||||
Postal Ballot (if applicable) | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | ||||
Total | 34044335 | 34044335 | 100.0000 | 34044335 | 0 | 100.0000 | 0.0000 | |||
Public - Institutions | E-Voting | 5407936 | 3952306 | 73.0834 | 3952306 | 0 | 100.0000 | 0.0000 | ||
Poll | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | ||||
Postal Ballot (if applicable) | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | ||||
Total | 5407936 | 3952306 | 73.0834 | 3952306 | 0 | 100.0000 | 0.0000 | |||
Public -Non Institutions | E-Voting | 6088043 | 27288 | 0.4482 | 26977 | 311 | 98.8603 | 1.1397 | ||
Poll | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | ||||
Postal Ballot (if applicable) | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | ||||
Total | 6088043 | 27288 | 0.4482 | 26977 | 311 | 98.8603 | 1.1397 | |||
Total | 45540314 | 38023929 | 83.4951 | 38023618 | 311 | 99.9992 | 0.0008 |
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Akzo Nobel India Ltd. published this content on 04 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2023 12:55:45 UTC.