&r"L. at//. %"r.B com, LLB (SPL), FcS.

3 .

TASHAR VORA & ASSOCIATESVr,r7-,y &*,*-eaReport ofScrut inizer

lPursuant to Sect ion i0B of the Companies Act, 2013 and Rute 20 [4)[x i i ) ofCompanics (Managenlent andAdm jnistrar ion) Rules, 20141

To,The Chairman of44'h Annual ceneral lvtcet ing of the membels ofWelcast Steels Limited,1 l 5 , C V M 1 4 E s r a r e ,0dhav Road,0dhav,Ahmedabad-382410

Dear Sir ,

Subicqtiseutinizcr's Consolidated Reporr on E,voting and po conductedpursuant to the provisions of Sect ion 108 and 109 of the Compai ies

Act. 2013 f"the Act"l read with Rule 20 and 21 of Companies

(Managcn0rqLa4lAdministration) Rules. 2014.

1. I , Tushar Vora appointed as Scrut jnizer bl

i . the Board oi Difectors of Welcast Stccls Ltd. l thc Companyl ior the purpos€ of scrut iniz ing the e-vot ing process under rhc provisions of Sect ion 109 of rhe Companies Act, 2 013 read with Rutc 20 oflhe Companjes IManagement and Adnrinjsh-ar ion] Rules, 2014 as amended vidc Not i t icat ion daled1 9 t b M a r c h , 2 0 1 5 a n d

i i . the chairman or the 44' i r ' Annual ccncr. t N4eering, on po undcr rhe provisions oi scdion r09 oi rhcConrpanies Acr, 2013 fead wirh Rule 2t of rhe Companics l l \ , lanagcment and Acln. inisrrar ionl I tul{rs,2014, on rhe resorut ions containcd in lhe Not ice of thc 44r, Annuar cenerar Meeting (ACN1) or rhcmembers of the Company, held on Fr iday 12,h Augusr, 2016 at 4.00 p.m. at Hotel Crown ]) laza,Ahmedabad City Ccntfe, Near Shaparh V, S C Highway, Ahmedabad , 3gO01S.

The l ' lanagement of thc company is responsibre to ensufc rhe comp]iancc wirh the rcquifement ot thccompanies Act, 2013 and Rurcs rclar i rg ro e'vor ing and pol l on the rcsolut ions containcd in lhe Noriceconvening the 44,h Annual Ceneral Meeting of the members of the Company. [4y fesponsibi t i ty as ascrut inizer for the e_vot ing process and lor pol l ar the AGi\ .4 is restr icred to make a scrut inizefs Reporr ofthe votes cast " in favour" of "againsf ' th€ resolut ions stated abovc, based on the reports gencmreo rfonrthe e-vot ing system pfovided by Central Depository Servjces ( tndial t , i ln i ted and vo! jng by po cond!cte( lat the said mcet ing venue.

As required undef Rule 2t[2] of rhe Conrpanies I ] \ lanagementrssued separatc scrut inizer 's Repofr datcd 13ir ,Augusr,2016 onthe Not icc of the ACM.

and Administrar ionl Rules, 2014, I havc

the Pol l on the rcsolut ions contain€d in

32, Alpan Sociely, Nr. MayurPhone : 0792791 2121

High School, PaliyadMobilo : 98258 45205

Nagar, Naranpura, Ahmedabad - 38E-mail : cstusharuora@gmail.com

n"tbaf 7.-B.com., LLB. (sPL.), F.c.S.

TUSIIAR VON4 & ASSOCIAT'ESC",ga",1t J."ot-'""

I have also issued separate Scrut inizer 's Rcport dated 13rh August,2016 on e-vot ing on thc resolut ions

contained in the Not ice oi the ACI\4.

As required under Rule 20lal lx i i l o i the Companies [ I4anagcment and Administrat ion] RLrles, 2014, I

submit herewith my consol idated Report on the results ofe'vot ing togethef with that of Pol l as undef:

ItemNo. ofthe

Notice

Ordinary/specialResolution

Votes in favour oftheResolutions

Votes Against theResolut ions

Invalid Votes

Nos. d/o of totalval id votes

lFavourand

Asainstl

Nos. o/o of totalvalid votes

lFavour andAgainstl

Nos,

1 0rdReso

naryut ion

494330 100 N i l N i l

2 ordReso

494330 1 0 0 N i l N.A, N i l

3 OrdinaryResolul ion

494330 1 0 0 N i l N.A. N i l

OrdinaryResolut ion

494330 1 0 0 N i l N.A. N i l

5 OrdinaryResolut ion

16669 1 0 0 Nit N i l

gCompany SecrctaryScrutinizerFCS:34S9, COP: 1745

Place : AhmedabadDate : 13t! August,2016

232, Arpan Society, Nr. N,,layur Hlgh School, Paliyad Nagar, Naranpura, Ahmedabad - 3AOO13

Phone r 079-2791 2121, Mobite : 98258 45205, E-mai l : cstusharvora@qmail .com

{,rL, a//. %"'*B.Com., LL.B. {SPL.}, F.C.S.

2

3 .

1 . I , Tushar Vom, Pract ic ing Company Secretary, appointed by thc Board of Djrcctors of WetcasrSteels Limited ( ' the Company") as a Scrui inizer for the purpose ot scrut iniz ing thc I vorrng pfoLUssand ascertaining the requisi te major iry on e-vot ing cafr ied out as per the provisions of Sect ion 108of the Companies Act, 2013 read with Rulc 20 of the Companics IN4anagemcnt and Adnl jniso.ar ionlRues,2014 on the below mentioned resolut ion(s), contatned in the Not ice to the 44,h Annual ccncfall \4eet ing of the Equity Shareholders of the Company to be held on Fr iday, the 12,h August, 2016 at4.00 P.M. at Hotel Crown Plaza, Ahmedabad Ciry Centre, Near Shapath V, S C Highway, Ahmedabad -

The Managencnr of rhe Company is rcsponsiblc ro ensure thc conlpl iances wirh rhc requircmcfrs ofthe Companies Act,2013 and Rules relat ing to vot ing through clcdronic means on the Rcsolut ionscontained in the Not ice to thc 44'h Annual General Meeting IACM) of the mcmbers oi .rhe Conlpany.[4y responsibi l i ry as a Scrut inizer for thc E-vot ing process is festr icted to make a Scrur inizer,s Reporrof lhe votes cast " in favour" or "againsf ' the resolut ions srated below, based on the reports gcncratedlrom the E-vot ing system provided by Cenrral Deposi lory Scrvices f tndia) Limired [CDSL], rheauthorized agency to provide rhe E-vot ing faci l i r ies, engagcd by the Company.

Further to the abovc, I subn] i t my fepoft as underl

i . The Company has avai led I vot ing taci t j ty of fered by Cenrmt neposirory Services ( tndia)Limi led [CDSL) for conduct ing E-vol ing by the sharcholders ofthe Company.

i i . The Membefs of the Conpany as on the'Cur otf l 'datc i .e. Srt August, 2016 wcre ent i ed tovote on the resolur ions ( l rems Number 1 to 5 as set out in Not ice of 44s AGt\4 ol rhecompany).

i i i Thc e'vot ing pcr iod commcnccd on Tuesday, grr ,August, 2016 (09.00 A. l \ .4.) to Thufsday, I1,hAugust,2016 (5.00 P.N4.) The votes cast were unbtocked on 12,r Augusr,2016 in lhcprcsence of two witnesses, Mr. Ramesh prajapat i and I4r. Lay Desai who were nor In lncemployment of the Company. They have signed below in conf irmation of votes bcingunblocked in thcir prcsence.

A.pan Society, Nr- MayurPhone | 079-2791 2121

High School, Paliyad Nagar, Naranpura, Ahmedabad - 380013Mobile : 982q8 45205 E-mail : cstusharyoE@gmail.com

TASHAR VORA & ASSOCIATESVo4't r 8**"*i"

Report ofScrut inizerlPursuant to Sect ion 108 ofthc Conlpanies Aft , 2 013 and Rlrte 20 (4)(xi i ) of Con]panics [ [4anagement and

Adninisn.at ionl Rutes, 20 l4l

To,The Chairman of44th Annual Ceneral Meeting ofthc members ofWelcast Steels Limited,1 1 5 , C V l \ , 1 M E s t a t e ,0dhav Road, Odhav,Ahmedabad-382410

Dear Sir,

Subiect: Scrutinizer's Report on E-voting conducted pursuant to the provisions of Section 109 of theCompanies Act. 2013 f" the Act") read with Rule 20 (4l fx i i l of Coml,anies ( lUanagemenr andAd ministrati o nLRqlesJz!L!4,

esh Prajapat i Lay De\ai

32,

fr"i-,vr7.-B.con., LLB. (sPL.). F.c.s.

TUSHAR VORA & ASSOCIATES

Resolut ion to receive, consider and adopt the Audited Ealance Sheet as at thc year ended 31nMarch 2016 and the Statement of Prof i t and Loss ol the Company for thc year cnded on that datcand the Reportsofthe Directors :nd Auditors thereon.

( l ) Voted in favour ofthc resolut ionl

Numberoi l \ r lembefs Number ofvotes cast bythem

% of fotal number ofval id votescast IFavour and Asainst l

22 494290 100

( l l l Votcd against the rcsolut ionl

Number of 14embersvoted

Number ofvotes cast bythem

o/o of total numbcr ofval id votcscast IFavourand Asainst l

Nit N.A, N.A.

Item No.2 - Ordinary Resolution

Resolut ion to appoint a Difector in place oi Mr. Bhadrcsh K Shah IDIN: 000581771, who fer ircs byrotat ion and being el igible, ol iers himself for re-appointment.

0l Voled in favourolrhe resolLrt ion:

( lv l No members abstajned f fom vot ing on this resolut ion.

NumberofMembers Nunrbef ofvotes cast bythem

o/o ol total nunrber ofval id votescast IFavourand Aeainst l

22 494290 1 0 0

0l) Voted against the rcsolut ion:

NumberofMembers Number ofvotes cast bythem

o/o oi tolal numbcr ol val id votescast IFavourand Asainst l

N i l N.A,

C"'y-y 7"-"t",*"

Thereaftef, thc derai ls containing inter al ia, l ist of cquity sharcholders, who votcd "[or" ,"against ' to each ofthc resolut ions that werc put to vote, wcre gcncrated from the e-vot ingwebsite o I Cen tra I D eposito ry Services ( I nd ial Limited (CDSL), i.e. wyys!@jltgilluSegqt andbased ruch reports generated, !he _esuk ol e-voung r ias undcr:

Item No. 7 - Ordinarv Resolution

( l l l ) hval id Votes

0l l ) Inval id Votes

Total number ofmembers whose votes weredeclared invalid

oVJ No members abstained from voting on this resolution.2

32, Arpan Society, Nr. Mayur Hrgh Schoot, Patiyad Nagar, Naranpura, Ahmedabad - 380013Phone : 079'2791 2121, Mobile I 98258 45205, E-mail : csiusharvora@gmait com

Total number oi mcnlbcrs whosc votes wcfcdeclared invalid

Total numbcf ofvotcs cast by them

Total nu ber ofvorcs cast by them

r*t-,vr7.,"B.Cort., LI-B. (SPL.), F.C.S

TUSHAR VORA & ASSOCIA'rESCozsozay Aeczetabo

Item No.3 - Ordinan Resolution

Resolutron to rat i ly appointmcnt ol [ ,4/s. Dagal iya & Co., Chartered Accountants I lCAlRegistrat ion No.000671S1 as Statutory Auditors of the Company to hold off ice from the conclusion

of this meeting unt i l the conclusion of the next Annual Gencral Meeting and to f ix rheir

( l ) Vored in favour the of fesolut ion:

Numbcr of I \4embers Number ofvotes cast bythem

o/o ol total number ofval id votescast IFavour and Against l

22 494290 1 0 0

(l l ) Voted againstthe resolut ion:

( l l l l Inval id Votcs

( lV) No members abstained from vot ing on this resolut ion.

Item No.4 - Ordinan Resolution

Resolut ion to rat i fy the remunerat ion ol Rs. 60,000/ to M/s. Kiran J. l \4qhta & Co. CostAccountants appointed by thc Board of Directors on the recommendations oi thc Audit Committccto conduct the Audit oi Cost Records peftaining of the Company lor the Financial Year ending on3 l - V i f c h 2 0 1 7 .

t l ) Voled in favour of Ihe rFsolulron:

N u m b e r o f M e m b e r s Number ofvotes cast bythem

% of tota l numbef ofval id votcscast IFavour and Asainst l

22 494290 1 0 0

(l l ) Voted against the resolut ion:

NumberofMembersvoted

Number olvotes cast bythem

o/o oftotalnumber ofval id votescast I l iavour and Aeainst l

N i l N.A. N.A.

( l l l ) Inval id Votes

( lV) No members abstaincd from vot ing on this resolut ion

332, Arpan Socieiy, Nr. Mayur High School, Paliyad Nagar, Naranpura, Ahmedabad - 38001

Phone : 079-2791 2121, Iv lobi le : 98258 45205, E-mai l : cstusharvora@gmail .com

o/o of total number oi val id votcscast lFavour and Aqainst

Total number ofmembers whose votes weredeclafed inval id

Total number ofvotes cast by them

Total number of members whose votes wef edeclared inval id

' Iotal nunrber ofvotcs cast by them

7""/:-Ar7".,B.Con., LLB. (SPL.), F.c.s.

TUSILAR VONA & ASSOCIATES

T o t a l n u m b e r o f m e m b e r s w h o s c v o t e s T o t a l n u m b c r o f v o t e s c a s t b y t h e mwere declared inval idNi l I N.A.

( lV) 1 [one]members holdirg477667 equrLy shafes abstained fuom vot ing..

Practicing Company secretaryScrunnizer

FCS:3459COP:17a5

Place : AhmedabadDate : 13th August,2016

32, Arpan Society. Nr. Mayur High School, Pal4iyad Nagar, Naranpura, Ahmedabad - 380013Phone : 079-2791 2121, I\./lobile r 98258 45205, E-mail : cstusharvora@gmail.com

C"ge"t,A*/.,^'

I tem N o. 5' Ord inaru Resolution

Resolution to approve related party transaction with M/s. AIA Engineering Limited - llolding

Company of the Company.

( l ) Voted in favour ofthe resolut ion:

N u m b e r o f M e m b e r s Number ofvotes cast by o/o oi lotal nunrber ofvalid votcscast fFavour and Asainsl l

2 1 76629 1 0 0

( l l ) Voted against the fcsolut ionl

N u m b c r o f M e m b e r s Number ofvotes cast bythem

% of total number ofval id votescast IFavolrrand Aqainst l

Ni l N.A. N.A.

0ll l Invalid Votes

Thanking

Tushar Vola

€rrrl-, o//. %",*

FORM No.I ' tcT-13

Report ofScrut inizer

[Pursuant to Sect ion 109 ofthe Companies Act, 2013 and RLrle 2 t (2) ol Companies IManagement andAdministrat ion) Rules, 20141

To,The ChairDran of44rh Annual Ceneral Meeting of the members ofWelcast Stcels Limited,1 1 5 , G V M M E s t a t e ,0dhav Road, Odhav,Ahmedabad-382410

.,: The 44th Annual ceneral Meeting of the memhers of Welcast Steels Limited (the Company) held onFriday, the 12.h August, 2016 at 4.00 p.tvl. at Hotel Crown ptaza, Ahmedabad Cig Centre, Nr. Shapath -

V,S G t l ighway, Ahmedabad - 380015.

Dear Sir ,

l , Tushar Vora, Pract ic ing Company Secretary, appointed as Scrut inizer for thc purpose ofrhe pol l takcnon the below mentioned resolur ion(s), at the 44th Annual Ceneral I \4eet ing of the Equity Sharehotders ofWelcast Steels Limited held on Fr iday, the 120, August, 2016 at 4.00 p.J\ ,1. at Horel Cfown plaza, AhmcclabadCity Centre, Near Shapath V, S C Highway, Ahmedabad - 380015, submit my report as undef: "

1. one baUot box kepr for pol l ing at the venue oi the general meeting was locked in my presence wirhdue idenri l icat ion marks ptaced by me.

2. Ai ter c losing of vot ing by the mcmbcrs prcsent at rhc nrcet ing, rhc tockccl bal tot box wassubsequent ly opcned in my presence and pol l papcrs were di l igenl ly scrul inized. The pol l papefswere reconci led with the re.ofds maintained by thc Company/Register and Translef Agenr of theCompany and rhe author. izar ions/proxjes todged with the Company.

3 There were no porr papcrs, which wcfe incomprcre and/or which were otherwise found derect ivc.

TUSHAR VORA & ASSOCIATESB.Con., LL-B. (SPL.), F.C.S-

4. The result of the p(Jl l is as undcr:

1

32, Arpan society, Nr. lllayur High School, Paliyad Nagar, Naranpu€, Ahmedabad - 380013Phone : 079-279'1 2121 Mobile: 98258 45205 E-mail : cstushaNora@gmail.com

V" l.rrl &*t"t-.i"

n"F-,zr7"-B.Com.. LLB. (SPL.), F.C.S.

TASHAR VONA & ASSOCIA'rES

NumberofN4emberspresentand vot ing I in

Numbef ofvotes cast bythem (Shafes)

% of total numbcr ofval id

40 100

( l l ) voted against the resolut ionl

Number of Memberspresentand vot ing( in

Number of votes cast bylhem (Sharesl

% of total numberofval id

Ni1 N,A.

( l l l ) Inval id Votes

Number of N4emberspresent and vot ing ( in

Number olvotes cast bythem (Sharesl

% of total number ofval id

4 40 1 0 0

( l l ) Voted against the resolut ion:

NumberofN4emberspresent and vot ing [ in

Number oivotes cast bylhem (Shares)

0,6 of total number of val id

N i l N,A. N.A

Item No.2 - Ordinary Resolution

Resolutron lo appoint a Director in place of [4r. Bhadresh K Shah IDlNr 00058177], who r.r i r .sby rotat ion and being el igible, of fers himself for re-appoinlment.

0) Vored in favou r oi resolu tion:

( l l l ) lnval id Votes

C""g'.,yU""*-a*

Item No. 7 - Ordinarv Resolution

Resolut ion to reccive, consider and adopt the Audited Balance Sheet as at the year ended 3lnI\4arch 2016 and the Stat€mcnt of Prof i t and Loss of the Company for the year ended on that dateand the Reports ofthe Directors and Auditors thereon.

( l ) Voted in favourofresolut ionl

Total number ofmembers present andvotjng (in person o. proxyJ whose voteswere declared inval id

Total number olvotes cast by them(Shares)

Total number ofmembers present andvoting (in person or proxyl whose voteswere declared inval id

Total number ofvotes cast by themIShares)

32, Arpan Sociely, Nr. I\rayur High School, Paliyad Nagar, Naranpura, Ahmedabad - 38001Phone r 079'2791 2121, N4obile : 98258 45205, E-mail : cstusharvora@gmait.com

n"/-ar7"-B.Com., LLB.(SPL.) , F.C S.

Tolal numbcr of mcmbcm prcscnt andvoting (in person or proxy) whose voleswere declared inval id

l

32, Arpan Society, Nr l\Iayur High School, Paliyad Nagaf, Naranpura, Ahmedabad - 38001Phone : 079'2791 2121, Mobile:98258 45205, E-mail I cstusharvora@gmail com

Item No,3 - Ordinarv Resolution

Resolution to ratiiy appointment of i\4/s. Dagaliya & Co., Chartered Accountants ICAlRegistrat ion No.000671S1 as Statutory Auditors of the Company !o hold off ice from theconclusion ofthis meeting unt i l the conclusion oi the nextAnnualCeneral MeetinS.

( l ) Voted in favourofresolut ion:

7-USHAR VORA & ASSOCIATESG"'g"g,{*t-a"

Number of Mcmberspresentand vot ing I in

Number ofvotcs cast bythen IShares]

% of total number olval id

4 40 100

0l l Voted against the fesolut ion:

Numbcr of Mcmbcrspresent and vol ing I in

Number oivotes cast bythcm [Shares]

%o of total numbef olval id

N i l

( l l l ) Inval id Votes

Number ofl \4emberspresent and voring (in

Number oivotcs cast bythem (SharesJ

o/o of total number of vatid

40 100

( l l ) Voted against the fcsolut ionl

Numberof l \4cmbcrspresent and vot ing ( in

Numbcf ofvotcs cast bythen) (Shares)

o/o o l to ta l number of va l id

N i l N.A, N.A.

( l l l ) Inval id Votes

Item No.4 - Ordinow Resolution

Resolutron !o fatify the remuneration ol Rs. 60,000/ to M/s. Kiran J. l\4.ehta & Co. CostAccountants to conduct the Audit of Cost Records of the Company for the Financial Year endingon 31"iMarch 2017.

( l l Voted in iavouroi fcsolut jon:

' Iotal numbef olvotes cast by thcnr(Shares)

Total number ofmembers present andvot ing i in person or proxyl whose voteswerc dcclared inval id

Total number ofvotcs cast by themIShares)

7*r-Ar7","B.Com., LLB. (SPL.), F.C.s.

TUSITAR VORA & ASSOCIAT-ESe".g'-s, U*t-a*

5. A compact Disc (CD) containing a l ist of Equity Shareholders who voted "F0R', "ACAINST'and thosewhose votes were declared inval id foreach resolut ion is enclosed.

6. The pol l papers and al l other ' felevan! records were sealed and handed over to the CompanySccrctary/Director authorize by the Boad ior safe keeping.

Practicing Company SecretaryScrutrnizerFCS:3459, COP: 17a5Place : AhmedabadDate : 13'h Augusl2016

Item No.5 'Ordinar,/ Resolution

Resolut ion to approve related parly transact ion with M/s. AIA Enginccf ing Limited - HoldingCompany ofthe Company.

( l ) Voted in favour of resolut ion:

NumberofMemberspresent and vot ing [ in

Number ofvotes cast bythem (Shares)

o/o oftotal number oival id

4 40 100

( l l ) Voted against the resolut ionl

N u m b e r o l M e m b e f spresentand vot ing( in

Numbcr olvotes cast bylhem (Shares)

% of total number oival id

Ni1 N.A.

( l l l ) Inval id Votes

Tolal nlrmber ofmembers present andvoting (in pcrson or pfoxyl whose voteswere declared inval id

Total number ofvotes cast by themIShares)

N i l

4

32, Arpan Sociely, Nr. Mayur High School, Paliyad Nagar, Naranpura, Ahmedabad - 380013Phone : 079-2791 212'1, lvlobile : 98258 45205, E,mail : cstushaNora@gmail com

Name: Tushar Vora