Notice of 30th Annual General Meeting of the Members of Mohindra Fasteners Limited

29 August 2024

NOTICE is hereby given that the 30th (Thirtieth) Annual General Meeting of the Members of MOHINDRA FASTENERS LIMITED will be held on Friday, the 20th September, 2024 at 11:30 A.M through Mode of Meeting to transact the following businesses:

Ordinary Business:

• Adoption of Financial Statements: The meeting will consider and approve the Standalone and Consolidated Audited Financial Statements for the year ending March 31, 2024, along with the Reports of the Auditors and Board of Directors.
• Declaration of Dividend: A final dividend of ₹5.00 per equity share is proposed for approval.
• Re-appointment of Director: Mr. Ravinder Mohan Juneja, who is retiring by rotation, is proposed to be re-appointed as a Director.
  

Special Business:

• Ratification of Cost Auditor's Remuneration: The remuneration for Mr. Sanjay Kumar Garg, the Cost Auditor, for the financial year ending March 31, 2024, will be ratified.
• Re-appointment of Managing Director & CEO: The company seeks approval for the re-appointment of Mr. Deepak Arnnejaa as Managing Director & CEO for a further 5-year term starting July 1, 2025. His remuneration package, including a basic salary of ₹4,60,000 per month with annual increments and additional allowances, will also be approved.
  
• Re-appointment of Another Managing Director: Approval is sought for the re-appointment of Mr. Ravinder Mohan Juneja as Managing Director for an additional 18-month term starting March 31, 2025. His proposed remuneration includes a basic salary of ₹4,50,000 per month with annual increments and allowances.
• Appointment of Non-Executive Independent Director: The appointment of Mr. Vivek Arora as a Non-Executive Independent Director for a 5-year term starting August 14, 2024, is proposed for approval.