14th AGM to be held on August 14, 2024 for adoption of Financial Statements for the year ending 31/3/23

02 August 2024

Notice is hereby given that the fourteenth annual general meeting of Lava International Ltd will be held on August 14, 2024 at 12:00 p.m. through video conferencing/other audio visual means facility to transact the following business:

1. Adoption of Financial Statements

To receive, consider and adopt the audited standalone financial statements of the Company for the FY ended March 31, 2023.

2. Re-appointment of Mr. Shailendra Nath Rai and Mr. Sunil Bhalla as director liable to retire by rotation.

3. Appointment of M/s Raj Gupta & Co. Chartered Accountants as statutory auditors of the Company

To appoint M/s Raj Gupta & Co. Chartered Accountants (FRN: 00203N) as Statutory Auditors of the Company for a period of five years commencing from the conclusion of this Annual General Meeting till the conclusion of the 19th Annual General Meeting of the Company to be held for the financial year ending March 31, 2028.

4. Ratification of remuneration of Cost Auditors of the Company for the FY 2023-24

Company hereby ratifies the remuneration of ₹ 50,000 plus applicable taxes, travel and actual out-of-pocket expenses incurred in connection with the audit, payable to M/s MM & Associates, Cost Accountants (Reg No.000454), who have been appointed as Cost Auditors to conduct the audit of cost records maintained by the Company for the FY 2023-24.

5. Appointment of Mr. Sanjeev Agarwal (DIN: 07110183) as a Whole Time Director

Mr. Sanjeev Agarwal as a Whole Time Director of Lava International Limited for a period of 3 (three) years, i.e., with effect from 1st February 2024 on the
following terms and conditions and the period of his office shall be liable to retire by rotation:

a) Salary, Perquisites and Allowances p.a.: Upto Rs. 2,25,00,000/-

b) Mr. Sanjeev Agarwal shall not be paid any sitting fee for attending Meetings of the Board and/or any of its Committee(s).

6. Appointment of Mr. Anupam Shrivastava (DIN: 06590535) as an Independent Director

Mr. Anupam Shrivastava be and is hereby appointed as an Independent Director of the Company for a period of 3 (three) years till 25th March 2027, and that he shall not be liable to retire by rotation.

7. Appointment of Mr. Ajay Kumar Singh (DIN: 07698288) as an Independent
Director

Mr. Ajay Kumar Singh be and is hereby appointed as an Independent
Director of the Company for a period of 3 (three) years till 15th April 2027, and that he shall not be liable to retire by rotation.

8. Appointment of Ms. Deepika Gupta (DIN: 08850031) as Non-Executive Director

Ms. Deepika Gupta, who was appointed as an Additional Non-Executive Director with effect from 20th May, 2024 and in respect of whom the Company has received a notice in writing from a member under Section 160 of the Act, be and is hereby appointed as a Non-Executive Director of the Company liable to retire by rotation.