Swan Energy : Extra Ordinary Meeting

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(Formerly Swan Mills Limited)

6, Feltham House, 2nd Floor, 10 J. N. Heredia Marg, Ballard Estate, Mumbai 400001 .

Tel. : 022-4058 7300· Fax: +91-22-4058 7360· Email: swan@swan .co.in

CIN. Ll7100MH1909PLC000294

Sub: Summary ofProceedings ofExtra Ordinm General Meeting fEGM) Ref: Regulation 30 of the SEBI (LODR) Regulations 2015

The EGM of the Members of Swan Energy limited ('the Company') was held on Wednesday, 30th March, 2022 at 1l.00 A.M. through Video conferencing/ Other Audio-Conferencing Means.

The summary of proceedings at the said EGM is as under:

I. Company Secretary took the roll call and confirmed that 37 shareholders, being requisite Quorum, are present online.

• 2. Mr. Navinbhai Dave, Chairman welcomed all the Directors & shareholders present and called the meeting to order from Rajkot.

• 3. The Chairman informed that Company has received Board Resolutions under section 113 of Companies Act, 2013 from 10 Corporate members holding 15,84,13,500 Equity shares, which is 64.86% of the Company's total Equity Share Capital authorizing their representatives to attend the meeting. He, thereafter, with permission of the members, took Notice, along with explanatory statement and Auditors Reports, along with annexures, as read.

• 4. The Chairman narrated about the e-voting facility provided to the members and informed that those members who havc not cast their votes through E-voting and an:: pn::st:lIl UII lillt:, can cast their votes during the continuance of the EGM through e-voting facility and also till 15 Minutes after conclusion of the EGM.

• 5. The Chairman then requested the NSDL to allow speaker shareholders to speak.

• 6. Afterwards, Mr. Chetan Selarka, CFO replied to the questions / clarifications of the shareholders.

• 7. The Chairman then moved following Agenda items individually and informed that the company has received intimations from shareholders, proposing and seconding the respective resolutions, which will accordingly be recorded in the Minutes.

  • i. Issue ofEquity Shares on Preferential Basis;

  • ii. Alteration of Memorandum of Association;

  • iii. Alteration of Articles of Association;

  • iv. Capital Raising Through Issuance of Equity Shares or Other Convertible Securities;

• 8. The Chairman informed that those members who have still not cast their votes, can still cast their votes through e-voting facility, which will be available for 15 Minutes after conclusion of the EGM.

• 9. The Chairman informed that the Company has appointed Mr. Jignesh Pandya, Practicing Company Secretary, as the Scrutinizer for the entire process ofE-voting, who will submit his Report on the results of the E-voting today, based on which, he will declare the results of the E-voting. He further declared that the meeting shall be deemed to be concluded after he declares results of the E-voting as a Chairman of the meeting.

• 10. Thereafter, Mr. Nikhil V . Merchant, Managing Director of the Company proposed a hearty vote of thanks to the Chairman.

11.

The Company Secretary stated that as declared by the Chairman, the EGM shaH be deemed to be concluded after the results of e-voting are declared. Thereafter, the online proceedings of the EGM ended at 11.12 A.M.

Thanking You, Yours faithfully,

For Swan Energy Limited

(Arun S. Agarwal) Company Secretary