AKSH OPTIFIBRE LIMITED - TRANSCRIPT

AGM held on 16-09-2022 at 11.30 a.m.

Dr. Kailash S. Choudhari - Chairman:

We can start?

Moderator: Yes Chairman Sir, you can start the proceedings please.

Kailash Shantilal Choudhari: Okay. Good Morning Dear Shareholders. I, Kailash Shantilal Choudhari, Chairman of your company welcome all the members on behalf of the Board of Directors at the 35th Annual General Meeting of the Company. I hope you and your family are well and safe. In view of continuing COVID-19 pandemic and to ensure social distancing norms, this meeting is being held through video conferencing in conformity with regulatory provisions and various circulars issued by the Ministry of Corporate Affairs and Securities & Exchange Board of India. I would like to inform you that the company has taken necessary steps to ensure that the members are able to attend and vote in AGM in a seamless manner. I require a moderator to state whether the Quorum of the meeting is present?

Moderator: Good Morning Sir. As the quorum is present, the meeting can be started.

Kailash Shantilal Choudhari: As confirmed by the moderator, the requisite quorum is present through video conference to conduct the proceedings of this meeting. I, declare the meeting open. Board of Directors including Chairman of Stakeholder’s Relationship Committee, Nomination and Remuneration Committee and Audit Committee along with Key Managerial Personnel, Statutory Auditors, Secretarial Auditors and Scrutinizer are attending the Annual General Meeting. I now request Mr. Gaurav Mehta, CEO-Corporate Affairs and Group Company Secretary to brief general instructions to the member regarding participation in this meeting.

Moderator: Gaurav sir, You're on mute?

Gaurav Mehta: Thank you, Chairman sir. Good Morning, everyone. The Members may note that the 35th Annual General Meeting is being held through video conferencing in conformity with the provisions of Companies Act, 2013 and various circulars issued by the Ministry of Corporate Affairs and the Securities & Exchange Board of India. Every member who has joined the meeting is on mute by default in order to avoid any disturbances arising from the background noise and to ensure seamless conduct of the meeting. Facility for joining this meeting through video conference is made available for the members on a first come first serve basis. The Register of Members, Register of Directors and Key Managerial Personnel, along with Register of Contracts or Arrangements are available for inspection. The members seeking to inspect such documents can send the request to the email ID as mentioned in the notice of AGM.

As the AGM is being held through video conference, the facility for appointment of proxies by the members was not applicable and hence the proxy register for inspection is not available. Only members who have registered themselves as a speaker in line with the procedure provided in the notice of AGM will be allowed to speak or ask questions during the AGM. Accordingly, the floor will be open for these members to ask questions or express their views. The moderator will facilitate the session once the Chairman opens the floor for questions and answers. As the question answer session start, the moderator will announce the name of the shareholder one by one on calling the name the speaker shareholder has to unmute himself or herself and if the shareholder faces any connectivity issues, the moderator will announce name of next registered shareholder to speak. Every speaker shall be given maximum three minutes duration to speak.

The Company had provided the facility to cast the vote electronically on all resolutions set forth in the notice. Members who have not cast their votes yet electronically and who are participating in this meeting will have an opportunity to cast their votes during the meeting through the E-voting system provided by Kfin technologies Private Limited, members can click on vote tab on the video conference screen to cast their votes. M/s Jayant Gupta & Associates, Company Secretaries has been appointed as a scrutinizer to scrutinize the electronic voting process in a fair and transparent manner and to provide the report thereon. Now I would request the Chairman sir, to please take the meeting forward.

Kailash Shantilal Choudhari: Thank you Gaurav ji. I would like to inform that the Statutory Auditor's report on standalone financial statements and consolidated financial statements issued by M/s BGG & Associates, Statutory Auditors of your Company are available on page numbers 44 and 91 of the Annual Report respectively. The report of statutory auditor contains few observations for which the explanation is provided in Director’s report on page number 12 of the Annual Report.

Further, the Secretarial Auditor, M/s Jayant Gupta & Associates, Company Secretaries has issued the Secretarial Audit Report. Secretariat Auditor's Report is available on page number 19 of the Annual Report as Annexure- 3.

Let us now proceed with the business as set out in the Notice of AGM dated July 29th, 2022, as sent in conformity with the regulatory requirements through electronic mode to those members who have registered their email address to the Company or Depositories. Accordingly, I take the notice convening this meeting as read.

The following business items are to be transacted in accordance with the notice of the AGM:

Item number one is to receive consider and adopt the Standalone and Consolidated Financial Statements as at March 31st, 2022, along with the report of Auditors and Board of Directors there on.
Item number two is to appoint myself That is Dr. Kailash Shantilal Choudhari (DIN: 00023824) as Director who retires by rotation and being eligible, I offer myself for re-appointment.
Item number three is related to the Appointment of M/s P.C. Bindal & Co., Chartered Accountants, as Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the Annual General Meeting to be held in the year 2027.
Item number four is to ratify the remuneration payable to the Cost Auditor of your company for the Financial Year 2022- 23.

Pursuant to the provisions of the Companies Act 2013, the Rules framed thereunder, and the SEBI (LODR) Regulations, 2015, the company has extended the remote E-voting facility to members of the company in respect of the resolutions to be passed at the meeting. The facility for voting through E-voting system is also made available during the meeting for members who had not cast their vote prior to the meeting. I request all the members to cast their vote to the resolution stated in the notice of AGM.

The results of voting on each resolution shall be determined by adding the votes casted during the meeting in favor or against the resolution with the electronic votes casted earlier in favor or against the same resolution. Upon receipt of Scrutinizes Report, the results of the voting shall be declared not later than 48 hours of the conclusion of the AGM. The results declared along with the Scrutinizes Report shall be placed on the Company's website and on the website of KFin Technologies Limited, RTA of the Company and the same shall also be communicated to the National Stock Exchange of India limited and BSE limited. The window is open for the registered speakers to raise your queries. I would advise the speaker members to keep the question brief and specific. To Avoid repetition, the answer to all the questions will be provided at the end. Now I request the moderator to facilitate this.

Moderator: Thank you sir, we will initiate the speaker session now. The first register speaker is Mr. Pramod Kumar Jain, may I request Mr. Pramod Kumar Jain to unmute yourself switch on your camera and speak please.

Pramod Kumar Jain:नमस्कार सर मैं प्रमोद जैन दिल्ली से चेयरमैन साहब, board of directors और secretarial department का बहुत-बहुत धन्यवाद करता हूं जो आपने मुझे इस AGM में बोलने का अवसर दिया और आज के प्रस्तावित सभी resolution का मैं समर्थन करता हूं सर, मैं कंपनी का बहुत पुराना shareholder हूं जब आप physical mode पर meeting करते थे मैं हमेशा इस मीटिंग को join किया है और मुझे सर आपकी leadership पर पूरा भरोसा है, आप इस कंपनी को मुझे पूरी उम्मीद है कि आने वाले वर्षो में दिन दुगनी और रात चौगुनी तरक्की करेगी और आप इसे नई ऊंचाइयों पर ले जाएंगे और आप भारत सरकार सपना digital india सार्थक करेगी हमारी कंपनी ऐसा मुझे पूरा विश्वास है और मैं secretarial department का बहुत धन्यवाद करूंगा जिन्होंने समय पर annual report email के द्वारा भेजी और आज हमें मीटिंग में किस तरीके से जुड़ना है अंतिम समय तक secretarial department मेरे संपर्क में रहा सभी मैं आज इस मीटिंग में जुड़ पाया हूं और आप पर मुझे पूरा भरोसा है कि आने वाले वर्षों में हमारी कंपनी बहुत तरक्की करेगी कि धन्यवाद जय भारत।

Kailash Shantilal Choudhari: Thank you so much. धन्यवाद जैन साहब आपके support के लिए बहुत-बहुत धन्यवाद।

Moderator: We will move on to the next registered speaker. Kavita Kohli. May I Request, Miss Kavita Kohli to unmute yourself switch on your camera and speak please, Miss Kavita Kohli, as there is no response received from Kavita Kohli. We will move on to the third speaker of the day Chandra Mohan Kohli Mr. Chandra Mohan Kohli, no response from Mr. Chandra Mohan Kohli so we will move on to the next speaker Dinesh Gopal das Bhatia. Dinesh Gopal Das Bhatia, please unmute yourself. Switch on your camera and speak please.

Dinesh Gopal das Bhatia: Hello, मेरा आवाज सुनाई देता है सर।

Moderator : Haan sir आपका आवाज सुनाई दे रहा है आप बात कर सकते हैं।

Dinesh Gopal das Bhatia : first तो चेयरमैन जी मैं आपको और आपके entire team को congratulation कहूंगा, बहुत बढ़िया काम आप लोग बहुत अच्छी मेहनत कर रहे हैं हमें रिजल्ट में दिखाई देता है, कितना Covid का इतना खराब period जो था उसमें भी हमारी कंपनी में revenue अच्छा किया है। ये एक आपकी और आपकी team की मेहनत दिखा रहे हैं, हमें बहुत खुशी हम इतनी अच्छी कंपनी के shareholder है जिनका UAE, foreign मैं भी हमारा यह जो Manufacturing project , manufacturing project, यह एक बहुत गर्व की बात है, खाली इंडिया तक की ही नहीं foreign में भी हमारा manufacturing project रखा है, हमें पूरा खात्री है कि आप लोग जो मेहनत करेंगे और आप लोगों की जो मैंने तभी दिखाई देती है जो last year इस साल में आपका borrowing भी आप लोगों ने काफी कम कर दिया है वह भी एक आपकी मेहनत और एक अच्छी लगन दिखा रही है और यह भी हम देखते हैं कि हमारा मार्केट में जो share है वह जो ₹5 का जो share है आज की तारीख में ₹12.80 पैसे में coat हो रहा है जो एक double से भी ऊपर है जो एक अच्छी signing दिखा रहा है कि हमारी कंपनी प्रग्रति करेगी, आप लोग मेहनत बहुत बढ़िया करते हैं हमें बहुत खुशी है कि आपका जो secretarial department, आपका तो ठीक है शेयर होल्डर के पीछे अच्छा respect करते हैं लेकिन आपकी secretarial department है वह लोग भी हमें request करते हैं कि जरूर आना, invite करते हैं वह एक हमें बहुत अच्छा लगता है और यह एक बहुत गर्व की बात है लेकिन दो-तीन मीटिंग है लेकिन आपकी मीटिंग में हम खास आए हैं और बहुत अच्छा लगा मैं दिनेशभाटिया मुंबई से बोलता हूं मैं आपको हर एक resolution में सपोर्ट करता हूं, all the best, thank you sir.

Moderator: Thank you, Mr. Dinesh.

Kailash Shantilal Choudhari : Thank you very much Bhatiya ji आपके comments के लिए और हम हमारी secretarial team को भी ये pass on कर देंगे. उम्मीद रखते हैं कि आपका सपोर्ट इसी तरह कंपनी के साथ बना रहे बहुत-बहुत thank you

Moderator: we will move on to the next to the registered speaker Celestin Elizabeth Mascarenhas. Madam Celestin Elizabeth Mascarenhas, As there is no response received from Madam, we’ll move on to the next speaker Sanjay Kumar Arora, Mr. Sanjay Kumar Arora. Can we have your audio and video please? No response from Mr. Sanjay Kumar Arora. We will go to the last speaker Manak Devi. Manak devi. No response from Ms. Manak devi as well. So once again, I just call out the names who are left out so that we will give a second chance to those people. First speaker who left out is Kavita Kohli, Miss Kavita Kohli, no response, Chandra Mohan Kohli, chandra mohan Kohli, no response, Celestin Elizabeth, Miss Celestin Elizabeth, no response. Sanjay Kumar Arora. Mr. Sanjay Kumar Arora. No response, Ms. Manak devi, Manak devi. Ok as there is no response received from the other shareholders. Now with this we will give the desk back to the Chairman sir thank you.

Kailash Shantilal Choudhari: Thank you sir, I hope all the queries have been answered. I would like to extend my sincere thanks to the members for their participation, suggestions and comments. Now the shareholders may cast their valuable votes in respect of the items stated in the Notice of AGM since the E-voting shall remain open for 15 minutes. The instructions for E-voting has already been mentioned in the notice of the AGM, as it communicate in the meeting. Thank you very much. Thank you to everybody.