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SKF,
DG/330 & 331 23'‘1 July, 2020
BSELISTING NEAPS
The Secretary The Manager, Listing Department BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, ‘Exchange Plaza’, C-l, Block G, Dalal Street, Bandra Kurla Complex, Mumbai 400 001. Bandra (East), Mumbai 400 051
Dear Sir,
Sub : Regulation 30 and Regulation 44 (32 a t the SEBI Qisting Obligations and Disclosure Re uirements Re ulations 2015 ‘Listin Re ulations’ — Brie groceedings and details of the voting results of the 5 9'h Ann ugl Genergl Meeting resgectivelz
Pursuant to Regulation 30, Part A of Schedule - III of the Listing Regulations, we are submitting herewith the proceedings of the 59th Annual General Meeting (‘AGM’) of the Company held on Thursday, 23"1 July, 2020 at 3.00 pm. IST through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”) which concluded at 4.45 pm as an Annexure A. »
Pursuant to Regulation 44(3) of the Listing Regulations, we are also submitting, herewith the details regarding the voting results of the business items transacted at the said AGM in the format as prescribed by SEBJ as an Annexure B.
Further, pursuant to Section 108 of the Companies Act, 2013 and Rule 20 (4) (xii) of the Companies (Management and Administration), Rules 2014, we are also enclosing the Consolidated Report of the Scrutinizer dated 23rd July, 2020 on remote e-voting and e- voting at the AGM (collectively referred as “electronic voting”) as an Annexure C.
The consolidated scrutinizer report are also being uploaded on the Company’s website www.skf.com/in and on the website of NSDL www.cvoting.nsdl.com.
We request you to note the above and acknowledge the receipt.
Thanking you,
Yours faithfully, For SKF India Limited
his? Company Secretary
SKF lndia Limited Chinchwad, Pune 411 033. Maharashtra. India A Tel: +91 (20) 6611 2500. Web: www.skf.com, www.skfindia.com lmnexure
Registered Office: Mahatma Gandhi Memorial Building. Netaii Subhash Road, Charni Road. Mumbai 400 002. Maharashtra. India Tel +91 (22) 6633 7777. Fax +91 (22) 2281 9074. Web www.skf.com, www.skfindla.com CIN: L29130MH1961PLC011980
EKE
Annexure A
Proceedings of the 59th Annual General Meeting of the Company held on Thursdzg, luly 23K 2020 and the results thereof: .
1. Mr. Ranjan Kumar, Company Secretary of the Company and being the moderator of the AGM acknowledges the presence of all the stakeholders at the AGM through VC/OAVM.
2. Mr. Gopal Subramanyam, Chairman of the Company and Chairman of Stakeholder & Relationship Committee briefly introduced the Directors and Key Managerial PerSOnnel, present on the dias. The Chairperson of the Audit Committee, the Nomination and Remuneration Committee were present at the AGM and Chairman also, mentioned that Mr. Bernd Stephen, Non-Executive and Non-Independent Director could not attend this meeting due to his personal reasons.
3. Upon the request of the Chairman, the Company Secretary, then, checked & confirmed the presence of quorum at the AGM and further confirmed the presence of authorized representatives of Statutory, Secretarial and Cost Auditors of the Company. He then, shared some important information about the meeting with the shareholders. Below are the details regarding the attendance of members present at the meeting:
Details of presence of the members: directors and auditors at the AGM Sr. No. Particulars Details 1 Date of the AGM/EGM Annual General Meeting -
Thursday, July 23, 2020
2 Total number of shareholders as on record As of Cut-off date i.e. date July 16, 2020 - 34,201
3 No. of Shareholders present in the meeting through Video Conferencing::
Total No. of shareholders present and their 56 Nos shareholding: Shareholding : 26599868
Promoters and Promoter Group 3 Public 53
4 No. of Directors and Auditors attended the meeting through Video Conferencing:
Directors including Independent Director : 5
Representatives of Statutory / Cost / 3 Secretarial Auditors :
SKF India Limited Chinchwad, Pune 411 033, Maharashtra. lndia Tel: +91 (20) 6611 2500. Web: www.skf.com. www.5kfindia.com
Registered Office: Mahatma Gandhi Memorial Building. Netaji Subhash Road. Chami Road, Mumbai 100 002. Maharasht . Tel +91 (22) 6633 7777. Fax +91 (22) 2281 9074. Web www.skf.com. www.5kfindia.com CIN: L29130MH1961PLC011980
SKF.
4. The Company Secretary announced that the Register of Directors & Key Managerial Personnel and their shareholding and the Register of Contracts or Arrangements in which Directors were interested and other documents as referred in the AGM Notice were available for inspection through electronic mode by the members and the process for doing the inspection was laid in notes to notice.
5. The Company Secretary further stated that Annual Report for the financial year 2019-20 along with Notice for the AGM was dispatched to the members of the Company whose email ID was registered with the Company / RTA / Depositories through electronic mode.
6. The Chairman addressed the members about the significant developments of the Company. He then shared his views on the unprecedented situation of COVID 19 and brief the impact of the same on the industry, corporates and world. He, then requested Mr. Manish Bhatnagar, Managing Director of the Company to brief about the performance of the Company during the financial year 2019-20 and future prospects of the industry and the Company.
7. After, Mr. Manish Bhatnagar, Managing Director briefed about the performance of the Company during the financial year 2019-20, he then concluded his speech by thanking the members and all the stakeholders for their continued support.
8. The Chairman then informed the members that there was no qualification or adverse remark, observations or comments in the Auditors’ Report which can have any adverse effect on the functioning of the Company.
9. Upon the request of the Chairman, Mr. Ranjan Kumar, Company Secretary of the Company briefed the members about the voting facility that was available to the Members, scrutinizer appointed for scrutinizing the electronic voting process, in a fair and transparent manner and declaration of combined results of the remote e-voting and e-voting at the AGM.
10. The Chairman, then, apprised and reiterates the process of taking queries / questions raised by the members (as already covered in the AGM Notice).
11. The Chairman, then, briefed the objectives and implications of the Ordinary and Special Business(es) set out in the AGM notice and took up the agenda. The brief details of the businesses considered at the AGM are as follows:
SKF lndia Limited Chinchwad, Pune 411 033. Maharashtra, India Tel: +91 (20) 6611 2500. Web: www.skf.com, www.5kfindia.com
Registered Office: Mahatma Gandhi Memorial Building. Netaji Subhash Road, Chami Road, Mumbai 400 002, Maharashtra. India Tel +91 (22) 6633 7777. Fax +91 (22) 2281 9074. Web www.skf.com. www.5kfindia.com CIN: L29130MH1961PLC011980
SKF:
Chinchwad, Pune 411 033. Maharashtra, india Tel: +91 (20) 6611 2500. Web: www.skf.com, www.5kfindia.com
Sr. Agenda Type of Mode of Results No. Resolution Voting
required (Ordinary/Special)
Ordinary Business(es)
1 To receive, consider and Ordinary Electronic Passed with adopt the Audited Financial voting system requisite Statements for the year at the AGM majority ended Blst March, 2020 together with Reports of the Board of Directors and the Auditors thereon
2 To declare special dividend Ordinary Electronic Passed with as final dividend of Rs. voting system requisite 130/- per equity shares for at the AGM majority the financial year ended March 31, 2020.
3 To appoint a Director in Ordinary Electronic Passed with place of Mr. Aldo Cedrone, voting system requisite (DIN 08455073) who retires “the AGM maimty by rotation and being
' eligible offers himself for re- appointment
Special Business(es)
4 Appointment of Mr. Werner Ordinary Electronic Passed with Hoffmann (DIN 076859‘2) voting system requisite as a Director of the at the AGM majority Company
5 Shifting of the Registered Special Electronic Passed with Office of the Company from voting system requisite Mumbai to Pune within the at the AGM majority State of Maharashtra
6. Approval of transactions Ordinary Electronic Not Passed with AB SKF voting system with
at the AGM requisite majority
SKF India Limited
Registered Office: Mahatma Gandhi Memorial Building. Netafi Subhash Road. Chami Road, Mumbai 400 002. Maharashtra. India Tel +91 (22) 6633 7777. Fax +91 (22) 2281 9074. Web www.5kf.com. www.5kiindia.com CIN: L29130MH1961PLC011980
SKF.
7. Approval of transactions Ordinary Electronic Passed with with SKF GmbH, ' voting system requisite Schweinfurt, Germany, SKF at the AGM majority Group Company
8. Ratification of Ordinary Electronic Passed with Remuneration to Cost voting system requisite Auditor at the AGM majority
12. The queries raised by members on the Company's operations and financial statements
13.
14.
for the year ended March 31,2020, were answered to the satisfaction of the members.
Upon the request of the Chairman, Mr. Manish Bhatnagar, Managing Director of the Company took few operational/ business questions and then hand—it over to Mr. Anurag Bhagania, CFO to answer the specific questions on financial statements.
Mr. Manish Bhatnagar, Managing Director and Mr. Anurag Bhagania, CFO of the Company answered the questions raised by Members on the financials of the Company.
15. After attending the queries received from Members, the Chairman invited the Members
16.
who had registered themselves as ”Speaker”. After, attending all speakers, Mr. Manish Bhatnagar, Managing Director and Mr. Anurag Bhagania, CFO answeredthe questions raised by Speaker Members.
Then, the Chairman concluded by thanking all the members, his colleagues on the Board and all the stakeholders for their continued support. Further, he extended his sincere thanks to the attendees for attending the AGM and declared the meeting as closed.
SKF India Limited Chinchwad, Pune 411 033, Maharashtra, India Tel: +91 (20) 6611 2500. Web: www.skf.com. www.5kfindia.com
Registered Office: Mahatma Gandhi Memorial Building. Netaji Subhash Road, Chami Road, Mumbai 400 002, Maharashtra. India Tel +91 (22) 6633 7777. Fax +91 (22) 2281 9074. Web www.skf.com. www.5kfindia.com CIN: L29130MH1961PLC011980
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PARI KH 8: ASSOCIATES Office COMPANY SECRETARIES 11 1, ll'hFloor. Sai-Dwar CHS Ltd
Sab TV Lane, Opp. Laxmi Industrial Estate, Off Link Road. Above Shabari Restaurant, Andheri (W), Mumbai : 400053 Tel No 26301232 I 26301233 I 26301240 Email: ggflgarikhgggogiatesxom [email protected]
To, The Chairman SKF India Limited Mahatma Gandhi Memorial Building, Netaji Subhash Road, Charni Road, Mumbai 400 002
Dear Sir,
Sub: Consolidated Scrutinizer’s Report on remote e-voting conducted pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 as amended by Companies (Management and Administration) Amendment Rules, 2015 and e-voting for the 59th Annual General Meeting of SKF India Limited held on Thursday, July 23, 2020 at 3.00 p.m. IST through video conferencing (’VC’) / other audio visual means (‘OAVM’).
I, P. N. Paril<h, of Parikh & Associates, Practising Company Secretaries, had been appointed as the Scrutinizer by the Board of Directors of SKF India Limited pursuant to Section 108 of the Companies Act, 2013 (”the Act”) read with Rule 20 of the Companies (Management and Administration) Rules, 2014, as amended, to conduct the remote e-voting process in respect of the below mentioned resolutions proposed at the 59th Annual General Meeting (”AGM”) of SKF India Limited on Thursday, July 23 ,2020 at 3.00 pm. IST through VC/ OAVM.
I was also appointed as Scrutinize'r to scrutinize the remote e-voting process at the said AGM.
The notice dated May 7, 2020, as confirmed by the Company was sent to the shareholders in respect of the below mentioned resolutions passed at the AGM of the Company through electronic mode to those Members whose email addresses are registered with the Company/ Depositories, in compliance with the MCA Circular dated May 5, 2020 read with circulars dated April 8, 2020 and April 13, 2020 (collectively referred to as ”MCA Circulars”) and 81331 Circular dated May 12, 2020.
The Company had availed the e-voting facility offered by National Securities Depository Limited (”NSDL”) for conducting remote e-voting by the Shareholders of the Company and e-voting at the said AGM.
The remote e-voting period commenced on July 20, 2020 (9:00 a.m. IST) and ended on July 22, 2020 (5:00 pm. IST) and the NSDL e-voting platform was disabled thereafter.
1
Continuation Sheet
The Company had also provided e-voting facility to the shareholders present at the AGM through VC / OAVM and who had not cast their vote earlier.
The shareholders of the Company holding shares as on the ”cut-of ” date of Thursday, July 16, 2020 were entitled to vote on the resolutions as contained in the Notice of the AGM.
After the closure of e-voting at the AGM, the report on voting done at the meeting and the votes cast under remote e-voting facility were unblocked and were counted.
I have scrutinized and reviewed the remote e-voting and e-voting at the meeting and votes cast therein based on the data downloaded from the NSDL e-voting system.
The Management of the Company is responsible to ensure compliance with the requirements of the Act and rules relating to remote e-voting and e-voting at the AGM on the resolutions contained in the notice of the AGM.
My responsibility as scrutinizer for the remote e-voting and the e-voting at the AGM is restricted to making a Scrutinizer’s Report of the votes cast in favour or against the resolutions.
I now submit my consolidated Report as under on the result of the remote e-voting and the e-voting at the AGM in respect of the said resolutions.
Continuation Sheet
Resolution 1: Ordinary Resolution
To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2020 together with Reports of the Board of Directors and the Auditors thereon.
(i) Voted in favour of the resolution:
Number of members Number of valid votes % of total number of valid voted cast by them votes cast
233 4,18,56,740 100.00 (Rounded O
(ii) Voted against the resolution:
Number of members voted
Number of valid votes cast by them
% of total number of valid votes cast
6 215 0.00
(iii) Invalid votes:
Number of members whose votes were declared invalid
Number of invalid votes cast by them
NIL
Resolution 2: Ordinary Resolution
Continuation Sheet
To declare special dividend as final dividend of Rs. 130/- per equity shares for the financial year ended March 31, 2020.
(i) Voted in favour of the resolution:
Number of members Number of valid votes % of total number of valid voted cast by them votes cast
232 4,20,90,584 100.00(Rounded Off)
(ii) Voted against the resolution:
Number of members Number of valid votes % of total number of valid voted cast by them votes cast
6 389 0.00
(iii) Invalid votes:
Number of members Number of invalid votes whose votes were declared invalid
cast by them
NIL NIL
Resolution 3: Ordinary Resolution
Continuation Sheet
To appoint a Director in place of Mr. Aldo Cedrone, (DIN08455073) who retires by rotation and, being eligible, offers himself for re-appointment.
(i) Voted in favour of the resolution:
Number of members voted
Number of valid votes cast bythem
% of total number of valid votes cast
220 4,02,29,163 99.08
(ii) Voted against the resolution:
Number of members voted
Number of valid votes cast by them
% of total number of valid votes cast
11 3,72,223 0.92
(iii) Invalid votes:
Number of members whose votes were declared invalid
Number of invalid votes cast by them
NIL NIL
Resolution 4: Ordinary Resolution
Continuation Sheet
Appointment of Mr. Werner Hoffmann (DIN 07685942) as a Director of the Company.
(i) Voted in favour of the resolution:
Number of voted
members Number of valid votes cast by them
% of total number of valid votes cast
216 4,02,04,158 99.07
(ii) Voted against the resolution:
Number of members voted
Number of valid votes cast by them
% of total number of valid votes cast
13 3,77,131 0.93
(iii) Invalid votes:
Number of members whose votes were declared invalid
Number of invalid votes cast by them
NIL NIL
Continuation Sheet
Resolution 5: Special Resolution
Shifting of the Registered Office of the Company from Mumbai to Pune within the State of Maharashtra.
(i) Voted in favour of the resolution:
Number of members Number of valid votes % of total number of valid voted cast by them votes cast
21 4,20,89,138 100.00 (Rounded OfQ
(ii) Voted against the resolution:
Number of members Number of valid votes % of total number of valid voted cast by them votes cast
16 1,770 0.00
(iii) Invalid votes:
Number of members Number of invalid votes whose votes were declared cast by them invalid
NIL NIL
Resolution 6: Ordinary Resolution
Approval of transactions with AB SKF
(i) Voted in favour of the resolution:
Continuation Sheet
Number of members voted
Number of valid votes cast by them
% of total number of valid votes cast
141 19,34,964 12.15
(ii) Voted against the resolution:
Number of members voted
Number of valid votes cast by them
% of total number of valid votes cast
87 1,39,87,065 87.85
(iii) Invalid votes:
Number of members whose votes were declared invalid
Number of invalid votes cast by them
NIL NIL
Resolution 7: Ordinary Resolution
Continuation Sheet
Approval of transactions with SKF GmbH, Schweinfurt, Germany, SKF Group Company
(i) Voted in favour of the resolution:
Number of members voted
Number of valid votes cast by them
% of total number of valid votes cast
193 1,33,81,622 84.04
(ii) Voted against the resolution:
Number of members voted
Number of valid votes cast by them
% of total number of valid votes cast
35 25,40,407 15.96
(iii) Invalid votes:
Number of members whose votes were declared invalid
Number of invalid votes cast by them
NIL
Resolution 8: Ordinary Resolution
Ratification of Remuneration to Cost Auditor
(i) Voted in favour of the resolution:
Continuation Sheet
Number of members Number of valid votes % of total number of valid voted cast by them votes cast
229 4,20,90,469 100.00(Rounded Off)
(ii) Voted against the resolution:
Number of members Number of valid votes % of total number of valid voted cast by them votes cast
9 440 0.00
(iii) Invalid votes:
Number of members Number of invalid votes whose votes were declared invalid
cast by them
NIL
Thanking you, Yours faithfully,
P N Pa rikhi-gfimm, P.N. Parikh. “WNW” Parikh & Associates Practising Company Secretaries FCS: 327 CP No.: 1228 111,11th Floor, Satar CHS Ltd Sab TV Lane, Opp. Laxmi Indl. Estate, Off Link Road, Above Shabari Restaurant, Andheri West, Mumbai - 400053
Place: Mumbai Dated: July 23, 2020
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