BEML : Proceedings of 59th AGM

Ref: CS/59-AGM/384	27.09.2023
National Stock Exchange of India Ltd.	The BSE Limited
Listing Compliance Department	Listing Compliance Department
Exchange Plaza, Bandra - Kurla	P.J. Towers, 26th Floor,
Complex, Bandra (East),	Dalal Street,
MUMBAI - 400 051	MUMBAI - 400 001
Symbol : 500048	Scrip Code : 500048

Dear Sir / Madam,

Sub: Proceedings at the 59th Annual General Meeting of BEML Limited - Reg.

In terms of Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a copy of the Proceedings at the 59th Annual General Meeting of the Shareholders of the Company held on

27.09.2023.

Thanking you,

For BEML Limited

Jai Gopal Mahajan

Company Secretary & Compliance Officer

Encl: As above.

• ನಕ Corporate Office:

'	ಧ', ೨೩/೧, ೪	ಖ ರ ,	ಮನಗರ, ಂಗ	- ೫೬೦೦೨೭. ರ	: +೯೧೮೦೨೨೨೨೩೦೬೫
			ಕ ಂ : +೯೧೮೦೨೨೧೦೪೦೯೯
	BEML Soudha, 23/1, 4th. Main, S R Nagar,Bangalore - 560027,Tel. [phone], Fax. [phone]
			e-mail:[e-mail] @cmdbeml @BEMLHQ
		CIN:L35202KA1964GOI001530,	GST NO. 29AAACB8433D1ZU

www.bemlindia.in

Proceedings at the 59th Annual General Meeting of BEML Limited

The 59th Annual General Meeting of BEML Limited was held on Wednesday, the 27th September, 2023 at 11.30 hours at Hotel Lalit Ashok Bangalore, Kumara Krupa Road, High Grounds, Bengaluru- 560001 through physical mode as well as Video Conferencing/ other Audio-Visual Means. Shri Shantanu Roy, Chairman & Managing Director of the Company chaired the meeting. As, the requisite quorum was present, the Company Secretary called the meeting in order and requested the Chairman to conduct the proceedings. The Chairman welcomed the shareholders and asked the Directors to introduce themselves. Later, the Chairman delivered the speech and took up business of the meeting.

The Chairman informed the members that the remote e-voting commenced on Sunday, September 24, 2023 at 9.00 a.m. and ended on Tuesday, September 26, 2023 at 5.00 p.m. The Chairman also informed that the members who have not cast their vote(s) through remote e-voting can cast their votes at the Meeting using the electronic voting system provided by Central Depository Services (India) Limited till 30 minutes after the conclusion of the meeting.

The Chairman further informed that Mr. Sukhmendra Kumar from M/s Manish Mishra & Associates, Practicing Company Secretary is the Scrutinizer appointed by the Board to scrutinize the votes cast through remote e-voting and electronic voting at the AGM.

The following items of business as set out in the Notice convening the 59th AGM were approved by the shareholders as mentioned below:

Ordinary Business:

1. Approval of Audited Standalone Financial Statement including Consolidated Financial Statement for the Financial year ended 31st March, 2023 along with reports of the Board of Directors and Auditors thereon.

• ನಕ Corporate Office:

'	ಧ', ೨೩/೧, ೪	ಖ ರ ,	ಮನಗರ, ಂಗ	- ೫೬೦೦೨೭. ರ	: +೯೧೮೦೨೨೨೨೩೦೬೫
			ಕ ಂ : +೯೧೮೦೨೨೧೦೪೦೯೯
	BEML Soudha, 23/1, 4th. Main, S R Nagar,Bangalore - 560027,Tel. [phone], Fax. [phone]
			e-mail:[e-mail] @cmdbeml @BEMLHQ
		CIN:L35202KA1964GOI001530,	GST NO. 29AAACB8433D1ZU

www.bemlindia.in

1. Confirmation of Interim Dividend on Equity shares @ ₹5 per equity share (i.e. 50% of the paid up share capital) paid to the shareholders and declaration of the Final Dividend @ ₹5 per equity share (i.e. 50% of the paid-up share capital) for the year 2022-23.
2. Re-appointmentof Shri Ajit Kumar Srivastav (DIN: 08741858) as Director (Defence Business)
3. Re-appointmentof Shri Anil Jerath (DIN: 09543904) as Director (Finance).
4. Fixation of remuneration of the Statutory Auditors for the year 2023-24.

Special Business:

1. Ratification of Remuneration payable to Cost Auditors for the year 2023-24.
2. Appointment of Shri Shantanu Roy (DIN: 10053283) as Director (Mining & Construction Business)
3. Appointment of Shri Shantanu Roy (DIN: 10053283) as Chairman & Managing Director.
4. Appointment of Shri Bipin Kumar Gupta (DIN: 00293673) as Independent Director.

Further, the observations of the Statutory Auditors and Secretarial Auditors in their respective Audit Reports and Company's replies thereon were taken as read as required under Para 13 of Secretarial Standards on General Meeting since there was no material adverse effect on the functioning of the company.

The Chairman explained the objectives and implications of business items referred at Sl. No. 1 to 9 of Notice of AGM and invited the members for discussion on these items. The Chairman answered the queries raised by members. Since, there were no further clarifications sought by the members on these items, the Chairman thanked the members and others for participating in the meeting and later declared the meeting as concluded.

The meeting concluded at 13:30 Hours.

• ನಕ Corporate Office:

'	ಧ', ೨೩/೧, ೪	ಖ ರ ,	ಮನಗರ, ಂಗ	- ೫೬೦೦೨೭. ರ	: +೯೧೮೦೨೨೨೨೩೦೬೫
			ಕ ಂ : +೯೧೮೦೨೨೧೦೪೦೯೯
	BEML Soudha, 23/1, 4th. Main, S R Nagar,Bangalore - 560027,Tel. [phone], Fax. [phone]
			e-mail:[e-mail] @cmdbeml @BEMLHQ
		CIN:L35202KA1964GOI001530,	GST NO. 29AAACB8433D1ZU

www.bemlindia.in