Summary Of Proceedings Of 31St Annual General Meeting Of The Company

• Security Code: 517421
• Company: BUTTERFLY

We hereby inform you that the Thirty First Annual General Meeting of the Company was held today.
Mr.V.M.Lakshminarayanan, Chairman of the Company chaired the proceedings of the meeting.
Pursuant to provisions of Section 108 of the Companies Act 2013 and the Rules made thereunder, the Company had extended the e-voting facility to the members in respect of the businesses to be transacted at the said meeting. The e-voting commenced at 9.00 a.m. on 8th September 2018 and ended on 5.00 p.m on 10th September 2018.
The Chairman informed the Members that the Company has also arranged for a Poll through Ballot Papers on all the items to be transacted at the said meeting.
The following businesses have been transacted at the Thirty First Annual General Meeting of the Company.
ORDINARY BUSINESS:
1. Adoption of Audited Financial Statement for the year ended 31.3.2018 together with Reports of the Board of Directors and Auditors thereon (Ordinary Resolution).

2. Reappointment of Mr.V.M.Gangadharam, retiring by rotation, as a Director of the Company (Ordinary Resolution).

SPECIAL BUSINESS:
3. Approval of remuneration payable to the Cost Auditors for the financial year ending 31.3.2019 (Ordinary Resolution).
4. Continuation of Directorship of Mr.K.Ganesan, Non-Executive Independent Director from 1st April 2019 upto the end of his present tenure i.e. 31st July 2019 (Special Resolution).

Chairman informed that the results of voting on each of the above resolution will be determined by adding the votes cast by the Members at the meeting by Poll and through e-voting and the results would be declared within 48 hours of the conclusion of the meeting.

Further, the said results along with the Scrutinizer's Report will be uploaded in the Company's website and would also be available at the Registered Office of the Company.

We further inform that the Annual General Meeting of the Company commenced at 11.00 a.m. and concluded at 12.50 p.m.

Kindly take the above information on record and treat this as in compliance of Regulation 30, Part-A of Schedule III of the SEBI (LODR) Regulations.