Notice of 20th AGM to the members of Spray Engineering Devices Limited

09 September 2024

NOTICE is hereby given that the 20th Annual General Meeting of the members of Spray Engineering Devices Limited will be held on Monday, September 30, 2024 at 12:30 P.M. through Video Conferencing (VC) or Other Audio Visual Means (OAVM), to transact the following business:

Ordinary Business:

1. Adoption of Audited Standalone and Consolidated Financial Statements: To review and approve the Audited Standalone and Consolidated FinancialStatements of the Company for the financial year ended on 31st March, 2024, togetherwith the Reports of the Board of Directors and Auditors thereon.

2. Appointment of Director: To seek appointment of a Director in place of Mr. Prateek Verma (DIN:00024740), who retires byrotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, seeksre-appointment.

Special Business:​

1. Ratification of Remuneration of Cost Auditors: Company seeks ratification of the remuneration of ₹50,000 to M/s Balwinder &Associates, Cost Accountants, (Firm Registration No. 000201), appointed by the Boardof Directors as Cost Auditors to conduct audit of the cost records of the Company forthe Financial Year 2024-25.

2. Re-appointment of Vivek Verma as the Managing Director: Company seek to re-appoint Mr. Vivek Verma, (DIN: 00032970) as Managing Director of the company for a furtherperiod of 5 years w.e.f. July 1, 2024 till June 30, 2029 (both days inclusive), liableto retire by rotation, at a remuneration of Rs. 72,00,000/- (Seventy-Two Lakhsonly) per annum fixed for 3 years till June 30, 2027.

3. Re-appointment of Prateek Verma as a Whole-time Director: Company seeks to re-appoint Mr. Prateek Verma, (DIN: 00024740) as Whole time Director of thecompany for a furtherperiod of 5 years w.e.f. July 1, 2024 till June 30, 2029 (both days inclusive), liableto retire by rotation, at a remuneration of Rs. 66,00,000/- (Sixty-Six Lakhs Only)per annum fixed for 3 years till June 30, 2027.