ITIUDJHI. filalllfl lTD.Regd.pffice & Works: 9-11, Maruti Industrial Area, Gurugram - 122 015 (Haryana) INDIA

E-mail : msladmin@munjalshowa.net Website : www.munjalshowa.net

Corporate Identity Number: L34101HR1985PLC020934, Pan No.: AAACMOOYOD

Ph. : 0124-4783000, 2341001 Fax: 0124-2341359

MSL/SECT/19 August 30, 2019

The D.G.M. (Listing) The Asst. Vice President

Corporate Relation Department Listing Department

BSE Ltd National Stock Exchange of India Limited

lst Floor, PJ. Towers Exchange Plaza, C-l, Block—G

New Trading Ring, Dalal Street Bandra-Kurla Complex

Mumbai—400 001 Bandra (E), Mumbai—400 051

Security Code: 520043 Security Code: MUNJALSHOW

Sub: Proceedings of Annual General Meeting and Disclosure under Regulation 30 of the (Listing

Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir,

We Wish to inform you that the 34th Annual General Meeting (AGM) of the Company was held on

Friday, the 30th day of August, 2019 at the Company’s Registered Office located at 9—11, Maruti

Industrial Area, Sector-18, Gurugram, Haryana at 11:00 A. M.

In this regard, please find enclosed Proceedings of 34th AGM in compliance with Regulations 30 of

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

This is for your information and records.

Thanking you,

For MUNJAL SHOWA LIMITED

Encl: as above

.1“

Manufacturers of World Class Struts. Shock Absorbers. Front Forks, Gas Springs-Window Balancers in Collaboration with Showa Corporation. Japan

A.

DETAILSOF

THEPROCEEDINGSOF

THE34TH

ANNUALGENERALMEETING

THE

34THANNUALGENERALMEETINGOF

THE

MEMBERSOF

MUNJALSHOWALIMITEDWASHELDON

FRIDAY,THE

30TH

DAYOF

AUGUST2019AT

11:00

AM

AT

THE

COMPANY’SREGISTEREDOFFICESITUATEDAT

9-11,MARUTIINDUSTRIALAREA,SECTOR-18,

GURUGRAM-122015(HARYANA)

S.

No.

Partic'ulars

Details

1

Dateof

AGM

August30,

2019

MR.

YOGESHCHANDER

MUNJAL(Chairman&

ManagingDirector)

MR.

SHIGEKIKOBAYASHI(JointManagingDirector)

MR.

VINODKUMARAGRAWAL(Chairmanof

AuditCommittee)

MR.

5

K

MEHTA(Chairmanof

Nominationand

RemunerationCommittee)

MR.

NANDLAL

DHAMEJA(Chairmanof

StakeholdersRelationship

Committee)

MR

DEVISINGH

2

Director‘sPresent:

Mr.

PankajGupta-ChiefFinancialOfficer

Ms.

GeetanjaliSharma-CompanySecretary

Mr.

JaideepBhargava-Authorized

representativeof

StatutoryAuditor-M/s.

DeloitteHaskins&

Sells.,LLP.

Mr.

SatyenderKumar—SecretarialAuditorof

the

Company

In

attendance: Memberspresent:

3

In

person(includingrepresentatives):

111

In

proxy:

0 As

of

Cut-offdatei.e.

August23,

2019

4

TotalNo.

of

shareholderson

recorddate

19109

Ms.

GeetanjaliSharmaCompanySecretary,welcomedthe

attendees.She

informedthe

shareholdersthat

Mr.

YogeshChanderMunjal,Chairman,

wouldpreside

overthe

meeting.The

requisitequorum

being

present,CompanySecretarycalledthe

meetingto

order.She

statedthat

the

Annual

Report2018-19alongwith

Noticeof

AGMhas

beenposted/emailedto

all

the

shareholdersof

the

Company.TheAnnualReport,the

statutoryregisters

and

otherdocumentsas

referredin

the

AGMNotioe

wereavailablefor

inspectionby

the

membersat

the

AnnualGeneralMeeting.She

then

requested

Mr.

YogeshChanderMunjal,Chairman,to

commencethe

Meeting.

Mr.

YogeshChanderMunjalintroducedthe

directorsand

officerssittingon

the

dais.

The

memberswere

informedthat

Mrs.

CharuMunjal,Mrs

Geeta

Anandand

Mr.

YasuhiroYamamotodirectorsof

the

Companycouldnot

be

presentat

the

AGMdue

to

theirpersonalexigencies.The

Chairmanfurther

infOrmedthe

membersthat

the

Chairmanof

the

Audit

Committee,Chairmanof

Nominationand

RemunerationCommitteeand

Chairmanof

StakeholdersRelationshipCommittee

were

presentat

the

AGM.Withthe

permissionof

the

memberspresent,the

noticeconveningthe

34th

Annual

General

Meeting,Board’s

Report

and

related

documentswere

taken

as

read.

The

Chairmanaddressedthe

Membersabout

the

significant

developmentsof

the

Company.The

memberswere

informedthat

there

is

no

qualification,observation,adverseremarkor

commenton

financial

transactionsor

mattersrelatedtheretoin

the

statutoryauditor’sreport,whichhaveany

adverseeffecton

the

functioningof

the

company.Further,the

secretarialaudit

report

has

observations,with

respect

to

the

appointmentof

companysecretaryand

a

slight

delay

in

two

requestsfor

dematerializationof

sharesby

the

RTAwhich

are

selfexplanatoryfor

whichsuitablereplyhas

beengivenin

the

BoardReport.

Thereafterthe

Chairmaninvitedqueries/

clarificationsfromthe

shareholders,which

wereduly

answeredand

the

shareholdersexpressedsatisfaction

on

the

performanceoftheCompany.

The

Chairmaninformedthat

in

compliancewith

the

provisionsof

CompaniesAct,

2013

read

with

the

rules

madethereunderincludingthe

statutory

modificationsor

re—enactmentsthereofand

SEBI

(ListingObligationand

DisclosureRequirements)Regulations,2015,

every

listed

Companyhas

to

mandatorilyprovidethe

remotee-votingfacilityto

its

shareholders.Accordingly,the

Companyhad

enteredinto

an

agreementwith

CentralDepository

Services(India)Limited(CDSL)for

availinge-votingfacility.

The

remotee—votingperiod

was

scheduledfromAugust27,

2019(9:00a.m.)to

August29,

2019(5:00pm.)for

all

the

resolutionsset

forthin

the

AGM

notice.The

memberspresentat

the

AGM

and

who

have

not

cast

theirvotes

electronicallywere

providedan

opportunityto

cast

theirvote

through

polling/ba||ot

paper.He

furtherinformedthattherewouldbe

no

votingby

showof

hands.

The

memberswere

informedthatthe

Boardof

Directorshas

appointedMr.

SatyenderKumar,PracticingCompanySecretaryas

scrutinizerto

conduct

the

electronicand

physicalvotingin

a

fairand

transparentmanner.

The

Chairmanthen

briefedthe

objectivesand

implicationsof

the

Ordinaryand

Special

businessesset

out

in

the

AGM

Notice.The

businesses

consideredat

the

AGM,the

typeof

resolution,the

modeof

votingand

the

statusof

the

resolutionsare

includedin

part

B

of

thisannexure.

The

Chairmaninformedthat

Mr.

SatyenderKumar,the

scrutinizerwouldconsolidatethe

resultsof

remotee-votingand

resultsof

polling/ba|lot

paper

votingat

the

meetingand

then

submithis

report.The

resultsalongwith

the

consolidatedscrutinizer’sreportwould

be

placedon

the

Company’s

websiteand

websiteof

CDSL.The

same

would

be

communicatedto

the

stock

exchangeswithin48

hoursof

the

conclusionof

the

annualgeneral

meetingand

displayedat

the

RegisteredOfficeand

CorporateOfficeof

the

Company.

The

Chairmanexpressedhis

sincerethanksto

the

attendeesfor

attendingthe

meetingand

declaredthe

meetingas

closed.‘

It

is

herebyconfirmedthatthe

meetingwas

convenedand

conductedas

perthe

provisionsof

the

CompaniesAct

2013and

Rulesmadethereunderand

SecretarialStandardsissuedby

the

ICSI.

The

meetingconcludedat

14:00hours.

Part-Bl

B.

RESULTSOF

THE34th

ANNUALGENERALMEETING

Agenda

Resolution

required (Ordinary /Special)

Modeof

Voting

Statusof

Resolution

To

receive,considerand

adoptthe

AuditedFinancialStatementsof

the

CompanyincludingBalance

Sheet

as

at

March

31,

2019,

the

Statementof

Profit

and

Loss

and

Cash

Flow

Statementfor

the

FinancialYear

endedon

that

date

togetherwith

the

reportsof

the

Boardof

Directorsand

Auditors

thereon(OrdinaryResolution)

“RESOLVEDTHATthe

auditedfinancial

statementsof

the

Companyincluding

BalanceSheetas

at

March31,

2019,

the

Statementof

Profitand

Loss

and

Cash

Flow

Statementfor

the

FinancialYear

endedon

that

datetogetherwith

the

reportsof

the

Boardof

Directorsand

Auditorsthereonbe

and

are

herebyreceived,consideredand

adopted.”

Ordinary

E—votingand

polling/ ballotpaper

at

the

AGM

Passed with requisite majority

To

declarea

dividendon

equitysharesfor

the

financialyear

2018-19(OrdinaryResolution)

”RESOLVEDTHATa

final

dividendof

Rs.

4.50

per

equityshare

of

Rs.

2/-

each

fully

paid

up

for

the

financialyear

2018-19be

and

is

herebyapprovedand

declared.”

Ordinary

E-votingand

polling/ ballotpaper

at

the

AGM

Passed with requisite majority

To

appointa

directorin

placeof

Mr.

ShigekiKobayashi(DIN

07626553),whoretiresby

rotationat

this

Annual

General

Meetingand

being

eligible

has

offered

himselffor

re-appointment(Ordinary

Resolution) “RESOLVEDTHATpursuantto

the

provisionsof

Section152

and

otherapplicableprovisions,if

any,

of

the

CompaniesAct,

2013

and

the

rules

madethereunder(includingany

statutorymodification(s)or

re-enactment(s)thereof,for

the

time

being

in

force),

Mr.

ShigekiKobayashi(DIN

07626553),who

retiresby

rotationand

beingeligible,offershimselffor

re-appointment,be

and

is

herebyre—appointed

as

a

DirectoroftheCompany,liableto

retireby

rotation.”

Ordinary

E-votingand

polling/ ballotpaper

at

the

AGM

Passed with requisite majority

To

appointa

directorin

placeof

Mr.

AshokKumarMunjal(DIN

00003843),who

retiresby

rotationat

this

AnnualGeneralMeetingand

being

eligiblehas

offeredhimselffor

re-appointment(Ordinary

Resolution) ”RESOLVEDTHATpursuantto

the

provisionsof

Section152

and

otherapplicableprovisions,if

any,

of

the

CompaniesAct,

2013

and

the

rules

madethereunder(includingany

statutorymodification(s

re-enactment(s)thereof,for

the

time

beingin

force),Mr.

AshokKumarMunjal(DIN

00003843

retiresby

rotationand

beingeligibleoffershimselffor

re-appointment,be

and

is

herebyre-ap

as

a

DirectoroftheCompanyliableto

retireby

rotation.”

Ordinary

E—votingand

polling/ ballotpaper

at

the

AGM

Passed with requisite majority

Appointmentof

Mrs.

Geeta

Anand

(DIN

00078091)as

an

IndependentDirectorof

the

Company

(OrdinaryResolution)

“RESOLVEDTHATpursuantto

the

provisionsof

Sections149,

150,

152

read

withScheduleIV

and

any

other

applicableprovisions,if

any,

of

the

CompaniesAct,

2013

('the

Act’),

the

Companies

(Appointment&

Qualificationof

Directors)Rules,2014and

the

applicableprovisionsof

the

Securities

and

ExchangeBoard

of

India

(ListingObligationsand

DisclosureRequirements)Regulations,2015

(”ListingRegulations”),(including

any

statutorymodification(s)or

re-enactment(s)thereof,for

the

time

beingin

force),on

the

recommendationof

the

Nominationand

RemunerationCommitteeand

the

Board

of

Directors,Mrs.

Geeta

Anand

(DIN:

00078091),who

was

appointedas

an

Additional

Director(Independent)of

the

Companyby

the

Boardof

DirectorswitheffectfromNovember03,

2018

and

whosetermof

officeexpiresat

this

AnnualGeneralMeetingand

whohas

submitteda

declaration

that

she

meetsthe

criteriafor

independenceas

providedin

the

Act

and

ListingRegulations,be

and

is

herebyappointedas

an

IndependentDirectorof

the

Companyto

hold

office

for

a

term

of

five

consecutiveyears

witheffectfromNovember03,

2018to

November02,

2023.

RESOLVEDFURTHERTHATthe

Boardof

Directorsof

the

Company(includingits

Committeethereof)

be

and

is

herebyauthorizedto

do

all

suchthings,deeds,

mattersand

acts,

as

may

be

requiredto

give

effectto

this

resolutionand

to

do

all

thingsincidentaland

ancillarythereto."

E-votingand

Passed

polling/

with

ballotpaper

requisite

at

the

AGM

majority

Ordinary

Variationin

the

terms

of

appointmentof

Mr.

YogeshChanderMunjal(DIN

00003491),Managing

Directorof

the

Company(SpecialResolution)

“RESOLVEDTHAT

pursuantto

Sections188,

190,

196,

197,

203

read

with

ScheduleV

and

other

applicableprovisions,if

any,

of

the

CompaniesAct,

2013

and

the

rules

made

thereunderand

applicableprovisionsof

SEBI

(ListingObligationsand

DisclosureRequirements)Regulations,2015

(includingany

statutorymodification(s)or

re—enactment(s)thereof,for

the

timebeingin

force),partial

modificationoftheearlierresolutionpassedby

the

shareholdersin

the

AnnualGeneralMeetingsheld

on

August24,

2016,

August24,

2017

and

September26,

2018,

and

on

recommendationof

the

Nominationand

RemunerationCommittee,AuditCommitteeand

Boardof

Directorsand

subjectto

any

other

approvals,consents,sanctionsof

the

concernedauthorities,if

any,

the

consentof

the

membersof

the

Companybe

and

is

herebyaccordedto

revise

the

remunerationof

Mr.

Yogesh

ChanderMunjal

(DIN

00003491),Chairman&

ManagingDirectorof

the

Companyas

mentioned

below,with

effectfromSeptember01,

2019uptoAugust31,

2021and

all

othertermsand

conditions

of

his

appointmentas

approvedby

the

Shareholderswill

remainthe

sameas

mentionedbelow:

1.

BasicSalary:Increasedfrom

Rs.

19,00,000/-to

Rs.

20,50,000/-(Rs.

TwentyLakhsfifty

thousand

E—votingand

Passed

polling/

with

ballotpaper

requisite

at

the

AGM

majority

Special

only)per

month

2.

SpecialPay:

Rs.

3,00,000/-(Rs.

ThreeLakhsonly)per

month

3.

Perquisitesand

Allowances:In

additionto

the

aboveBasicSalary,SpecialPay

and

Commission,

he

shall

be

entitledto

the

followingperquisitesand

allowances:

a)

ResidentialAccommodation:He

shall

be

entitledto

60%

of

the

basicsalaryrelevantfor

the

concernedperiodas

and

by

wayof

HouseRentAllowancewithfree

use

of

all

the

facilitiesand

amenitiesincludingdeployof

securityguardswhichshall

be

providedby

the

Company;

b)

MedicalReimbursement:Reimbursementof

actualmedicalinsurancepremiumand

medical

expensesincurredby

him

and

his

family;

c)

LeaveTravelConcession:For

him

and

his

familyonce

in

a

year

incurredin

accordancewith

any

Rulesspecifiedby

the

Company;

d)

ClubFees:Actualfeesof

clubswill

be

reimbursed;

e)

Gas,

Electricity&

Water:Actual

Expenseson

Gas,

Electricityand

Waterwill

be

paid

by

the

Company;f)

PersonalAccidentInsurance:Actualpremiumto

be

paid

by

the

Company;

g)

Insuranceof

Householdgoods:Actualpremiumto

be

paid

by

the

Company;

h)

Car:

Facilityof

car(s)withdriver;

i)

Telephone:Freetelephonefacilityat

Residenceincludingmobilephonefacility;

j)

Leave:

One

month’sleave

with

full

salary

for

every

11

monthsof

servicesubjectto

the

conditionthatthe

leaveaccumulatedbut

not

availedwill

not

be

en-cashed;

k)

Reimbursementof

other

expenses:Reimbursementof

entertainment,traveling,hotel

and

otherexpenses

actuallyand

properlyincurredforthe

businessof

the

Company;

I)

Contributionto

Providentand

SuperannuationFunds:Company’scontributionto

Provident

and

Superannuationfundswill

be

as

perthe

Rulesof

the

Company;and

m)

Gratuity:Not

exceedinghalf

month’ssalaryfor

each

completedyear

of

service,as

per

the

RulesoftheCompany.

RESOLVEDFURTHERTHAT

Mr.

Yogesh

ChanderMunjal

(DIN

00003491),Chairman&

Managing

Directorof

the

Companyshall

also

be

entitledto

1%

of

the

net

profit

of

the

Companyfor

each

financialyear

calculatedas

per

Section198

of

the

CompaniesAct,

2013and

Rulesmadethereunder.

RESOLVEDFURTHERTHAT

if

in

any

financialyear,

the

Companyhas

no

profits

or

its

profitsar

inadequatethe

Company,will

pay

the

approvedremunerationby

way

of

Salaryand

perquisites

specifiedaboveincludingprofit

based

commissionsubjectto

the

provisionsof

the

CompaniesAc

2013.

RESOLVEDFURTHERTHATthe

Boardof

Directorsof

the

Companybe

and

is

herebyauthorizedto

do

all

such

acts,

deedsand

thingsand

executeall

such

documents,instrumentsand

writingsas

may

be

requiredand

to

delegateall

or

any

of

its

powershereinconferredto

any

Committeeof

Directorsto

giveeffectto

the

aforesaidresolution.”

Variationin

the

terms

of

appointmentof

Mr.

Shigeki

Kobayashi(DIN

07626553),Joint

Managing

Directorof

the

Company(SpecialResolution)

"RESOLVEDTHAT

pursuantto

Sections188,

190,

196,

197,

203

read

with

ScheduleV

and

other

applicableprovisions,if

any,

of

the

CompaniesAct,

2013

and

the

rules

made

thereunderand

applicableprovisionsof

SEBI

(ListingObligationsand

DisclosureRequirements)Regulations,2015

(includingany

statutorymodification(s)or

re-enactment(s)thereof,for

the

timebeingin

force),partial

modificationof

the

earlierresolutionpassedby

the

shareholdersin

the

AnnualGeneralMeetingsheld

on

August

24,

2017

and

September26,

2018,

and

on

recommendationof

the

Nominationand

RemunerationCommittee,Audit

Committeeand

Board

of

Directorsand

subject

to

any

other

approvals,consents,

sanctionsof

the

concernedauthorities,if

any,

the

consentof

membersof

the

Companybe

and

is

herebyaccorded

,

to

increasethe

Basic

Salaryof

Mr.

Shigeki

Kobayashi(DIN

07626553),Joint

ManagingDirectorof

the

Companyto

Rs.

18,50,000/—per

monthfromthe

existing

Rs.

16,00,000/—per

monthwith

effect

from

September01,

2019,

for

the

remainingperiod

of

his

tenure. RESOLVEDFURTHERTHAT

the

other

terms

and

conditionsof

the

appointmentof

Mr.

Shigeki

Kobayashi,JointManagingDirectorbe

and

is

herebyremainsunchanged.

RESOLVEDFURTHERTHATthe

aggregateof

the

remunerationpayableto

Mr.

ShigekiKobayashi,Joint

ManagingDirectorin

a

particularFinancialYearwill

be

subjectto

the

overallceilinglimitlaid

downin

Section197

read

with

ScheduleV

of

the

CompaniesAct,

2013or

such

otheramendmentsas

may

be

prescribedat

any

pointof

time.

RESOLVEDFURTHERTHATthe

Boardof

Directorsof

the

Companybe

and

is

herebyauthorizedto

do

all

such

acts,

deedsand

thingsand

executeall

such

documents,instrumentsand

writingsas

may

be

requiredand

to

delegateall

or

any

of

its

powershereinconferredto

any

Committeeof

Directorsor

Director(s)to

giveeffectto

the

aforesaidresolution.”

Special

E-votingand

polling/ ballotpaper

at

the

AGM

Passed with requisite majority