Genesys International : AGM 2019-2020 Transcript

		RECORDING TRANSCRIPT
		38TH ANNUAL GENERAL MEETING
Date of Meeting	: Monday, September 28, 2020
Time	:	4.00 P.M. (IST)
Place	:	Through Video Conferencing/ Other Audio-Visual Means

Regd. Office: 73-A,SDF-III, SEEPZ, Andheri (E), Mumbai-400

096, India Tel.: [phone]; Fax: [phone]

Website: www.igenesys.com; E-mail:[e-mail] CIN: L65990MH1983PLC029197

Mr. Vineet Chopra:	Good Afternoon all, and welcome to the 38th Annual General Meeting of
	Genesys International Corporation Limited.
	Requisite quorum for the meeting is present. I would like to inform the
	shareholders that the Company had extended remote e-voting facility to
	members during 25th September 2020 to 27th September 2020.
	Shareholders who could not cast their vote still have an opportunity to cast
	their vote during the meeting. Mr. Sanam Umbargikar of M/s DSM &
	Associates, Company Secretaries, is the Scrutinizer for today's meeting.
	Mr. Sanam Umbargikar, Partner of M/s DSM & Associates, was also
	present in the meeting.
	Now, I would request chairman to take up further proceedings of the
	meeting.
	Mr. Sajid Malik, Chairman & Managing Director of the Company to Chair
	the meeting. We have the requisite quorum present through video
	conference to conduct the proceedings of this meeting.
	Before, I handover to conduct the proceedings of this AGM to the
	Chairman Sir, I would like to draw the attention of the members to a few
	points.
Mr. Sajid Malik:	Welcome to Shareholders.
	a. Necessary quorum for meeting is present, I declare AGM as 'open'.
	b. Introduction of colleagues present:
	• Mr. Ganesh Acharya: Independent Director & Chairman of the
	Audit Committee
	• Mrs. Saroja Malik: Whole-time Director
	• Mr. Ganapathy Vishwanathan: Director
	Mr. Shreyas Parikh, Partner of GK Chokshi & Co., the Statutory Auditors
	was also present.
	The Chairman then delivered his speech.
	With the permission of shareholders, Notice & Directors Report is
	considered as read. Company Secretary may please read the agenda
	items.

Regd. Office: 73-A,SDF-III, SEEPZ, Andheri (E), Mumbai-400

096, India Tel.: [phone]; Fax: [phone]

Website: www.igenesys.com; E-mail:[e-mail] CIN: L65990MH1983PLC029197

Mr. Vineet Chopra:	Agenda Items for today's meeting are:
	Ordinary Business:
	1.	Adoption of Accounts, Report of the Auditors and Directors thereon for
		FY ended on 31st March 2020.
	2.	Re-appointment of Director retiring by rotation.
	Special Business:
	3.	Appointment of Mr. Manish Patel (DIN: 03051315) as Independent
	Director.
	4.	Reappointment of Mr. Manish Patel (DIN: 03051315) as Independent
	Director.
	5.	Revision in terms of remuneration of Mrs. Saroja Malik, Whole-time
	Director for remaining term.
	6.	Revision in terms of remuneration of Mr. Sajid Malik, Chairman and
	Managing Director for remaining term.
	7.	Payment of remuneration to Mr. Ganapathy Vishwanathan,
	Non-ExecutiveNon-Independent Director.
	8.	Approval of Genesys International Corporation Limited - Employee
	Stock Option Scheme 2020 ("Genesys ESOP Scheme - 2020")
	9.	Grant of Stock Options to the employees of Subsidiary Company/ies
	under "GENESYS ESOP SCHEME - 2020"
Mr. Sajid Malik:	Auditor's Report has no qualification or adverse observations, I
	consider it as read.
	Now I invite members to raise queries.
Mr. Vineet Chopra:	We have Mr. Yusuf Rangwala as a registered speaker.
	He was invited, however he was not present.
Mr. Vineet Chopra:	Thankyou. With this, we can conclude the question session from
	shareholders. I would like to inform all the members who could not cast
	their votes through remote e-voting can cast their vote now on this portal in
	next few Minutes present at the meeting.
Mr. Sajid Malik:	This concludes the business of the 38th AGM of the Company. I thank you
	all the members and the Board for the participation and smooth conduct
	of the meeting.

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Regd. Office: 73-A,SDF-III, SEEPZ, Andheri (E), Mumbai-400

096, India Tel.: [phone]; Fax: [phone]

Website: www.igenesys.com; E-mail:[e-mail] CIN: L65990MH1983PLC029197