Shareholder Meeting / Postal Ballot-Outcome of AGM

• Security Code: 507864
• Company: PIONRINV

Pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the proceedings of the 33rd Annual General Meeting of Pioneer Investcorp Limited held on 19th September, 2018 at 11.30 a.m. at Kilachand Conference Room, Indian Merchants Chamber, Churchgate, Mumbai - 400 020. The Members of the Company has approved the following resolutions:

ORDINARY BUSINESS

1. Adoption of Accounts

a) the Audited Financial Statements of the Company for the financial year ended 31st March, 2018 including audited Balance Sheet as at 31st March, 2018 and the Statement of Profit and Loss for the year ended on that date and the Reports of the Auditors and Directors thereon;

a) the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2018 including audited Balance Sheet as at 31st March, 2018 and the Statement of Profit and Loss for the year ended on that date.

2. To ratify the appointment of Statutory Auditors.

'RESOLVED THAT, pursuant to Sections 139, 142 and other applicable provisions of the Companies Act, 2013 and the Rules made thereunder, as amended from time to time, pursuant to the recommendation of the Audit Committee and pursuant to the resolution passed by the members at the last AGM held on 22nd September, 2017, the appointment of J. D. Jhaveri & Associates, Chartered Accountant (Firm Reg. no. 111850W) as the statutory auditors of the Company, to hold office till the conclusion of the next AGM on a remuneration that may be determined by the audit committee in consultation with the auditors for the financial year ending 31st March, 2019, and that such remuneration may be paid on a progressive billing basis, be and is hereby ratified'.

Both the above resolutions were passed by the members with overwhelming majority.