~.~A~....-.

TOv~~ ---1O••••• llOl.

Date: 9th October, 2018

To,

The Manager (Listing), The Manager (Listing),The BSELtd. National Stock Exchange of India Ltd.Mumbai Mumbai

Company's Scrip Code: 505700 Company's Scrip Code: ELECON

Sub Report on Corporate Governance for the quarter & half year ended on September 30,2018

Ref Regulation 27(2) of SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015

Dear Sir/Madam,

With reference to the subject referred regulations, we hereby submit the Report on CorporateGovernance for the quarter & half year ended on September 30, 2018.

You are requested to take the same on your records.

Thanking you.

Yours faithfully,For Elecon Engineering Company Limited.e~~rBharti IsaraniCompany Secretary & Compliance Officer

End: a/a .-

Cranes~.~.

Rubber Industry Marine Industry Plastic Industry Power Industry Steel Industry Sugar Industry

~ari~ in~ustries. Gearing economies.ELECON ENGINEERING COMPANY LIMITED, Post Box # 6, Vallabh Vidyanagar 0388120, Gujarat.lndia_ Tel.: +910--;6920 238701. 238702_~ax: +91026920227484

CrN L29100GJ1960PLC001082 infogear@erecon.com WWW.erecon.COm -

Mining Cement Industry

Corporate Governance Report

1. Name of the Listed Entity: ELECON ENGINEERING COMPANY LIMITED2. Quarter ended on 30th September, 2018

I. COMPOSITION OF BOARD OF DIRECTORS

Title Name of the PAN DIN Category Date of Date of Tenure No. of No. of No. of post ofDirector Appoint- cessation (in Director- member- Chairperson in

ment in months) ship in ships in Audit/the listed Audit/ Stakeholder

current entities Stakeholder Committeeterm including Committee held in listed

this listed (s) including entitiesentity this listed including this

entity listed entityMr. Prayasvin B. Patel AFHPP3384G 00037394 Chairperson- 03.08.2017 - - 2 - -

ExecutiveMr. Prashant C. Amin ACJPA6312J 01056652 Executive 03.08.2017 - - 2 - 1

Mr. Pradip M. Patel AGCPP2712L 00012138 Non- 14.11.1977 - - 2 4 -Executive

Mr. ~hirayu R. Amin ABMPA5729P 00242549 Independent 04.08.2014 - 243 4 1 -

Mr. al R. Patel ABTPP3714E 00065021 Independent 04.08.2014 - 77 4 2 4

Mr. ai S. Diwanji AADPD0804G 00910410 Independent 04.08.2014 - 71 3 4 -

Mrs. Sonal V. Ambani AGYPA8932B 02404841 Independent 14.08.2015 - 41 2 3 -

,.

~

~

~

oo~::JCOJ

6::J(fJ::TCD~

II, COMPOSITION OF COMMITTEES

Sr. No. Name of Committee Name of Committee Members Category (Chairperson j Executive j Non-Executivej Independentj Nominee)

1. Audit Committee Mr. Jal R. Patel Chairperson - IndependentMr. Jai S. Diwanji Member - IndependentMr. Pradip M. Patel Member - Non-ExecutiveDr. Sonal V. Ambani Member - Independent

2. Nomination & Remuneration Mr. Jai S. Diwanji Chairperson - IndependentCommittee Mr. Pradip M. Patel Member - Non-Executive

Dr. Sonal V. Ambani Member - IndependentMr. Jal R. Patel Member - Independent

3. Stakeholders Relationship Mr. Jal R. Patel Chairperson - IndependentCommittee Mr. Pradip M. Patel Member - Non-Executive

Mr. Jai S. Diwanji Member - Independent4. Corporate Social Dr. Sonal V. Ambani Chairperson - Independent

Responsibility Committee Mr. Prayasvin B. Patel Member - ExecutiveMr. Prashant C. Amin Member - Executive

III. MEETING OF BOARD OF DIRECTORS

Date(s) of Meeting (if any) Date(s) of Meeting (if any) Maximum gap between any twoin the previous quarter in the relevant quarter consecutive meetings in number of days

04.05.2018 01.8.2018 88

IV, MEETING OF COMMITTEESate(s) of Meeting 0

the Committee in therelevant auarter

Whetherrequirement ofQuorum met

ate(s) of Meeting 0

1Maximum gap between any

the Committee in the two consecutive meetings inrevious auarter number of days

Type ofCommittee

01.8.2018 Yes 04.05.2018

I

88

04.05.2018 - I 00::J

04.05.2018 I 88 /.:..~~~~ :Jcru(5.:JUJtrCDCD

Audit CommitteeNomination &.

Remuneration Committee Yes

Stakeholders RelationshipCommittee

01.8.2018 Yes

.,

~

~m82!

V. RELATED PARTY TRANSACTIONS ~mr-rn82

Subject Compliance Status (Yes/No/NA)Whether prior approval of Audit Committee obtained YesWhether Shareholder approval obtained for material RPT N.A.

Whether details of RPTentered into pursuant to Omnibus Yesapproval have been reviewed by Audit Committee

VI. AFFIRMATIONS

1. The Composition of Board of Directors is in terms of SEBI(Listing obligations and disclosure requirements) Regulations,2015.- Yes

2. The Composition of the following Committees is in terms of SEBI (Listing obligations and disclosure requirements)Regulation, 2015.

a. Audit Committee - Yesb. Nomination & Remuneration Committee - Yesc. Stakeholders Relationship Committee - Yesd. Risk Management Committee - N.A

3. The Committee Members have been made aware of their powers, role and responsibilities as specified in SEBI (ListingObligation and Disclosure Requirements) Regulations, 2015.- Yes

4. The Meetings of the Board of Directors and the above Committees have been conducted in the manner as specified inSEBI(Listing Obligation and Disclosure Requirements) Regulations, 2015.- Yes

5. The report submitted in the previous quarter was placed before Board of Directors. There is nocomments/ observation/ advice of Board of Directors.

For Elecon Engineering Company Limited

Date: 9th October, 2018Place: Vallabh Vidyanagar

/JA t~,~Bharti IsaraniCompany Secretary & Compliance Officer

•

~ElECON

ANNEXURE III

Corporate Governance Report for the half financial year end 30th September, 2018

I AffirmationsBroad heading Regulation Compliance Remarks

Number status(YesfNofNA)

Copy of the annual report including 46(2) Yesbalance sheet, profit and loss account,directors report, corporate governancereport, business responsibility reportdisplayed on websitePresence " of Chairperson of Audit 18(1)(d) YesCommittee at the Annual GeneralMeetingPresence of Chairperson of the 19(3) No Due to unforeseennomination and remuneration committee reason, he wasat the annual general meeting unable to attend

the AGM. But hehas authorisedother Committeemember to attendtheAGM.

Whether "Corporate Governance Report" 34(3)read with Yesdisclosed in Annual Report para C of

Schedule V..

For Elecon Engineering Company Limited.-1..

~7Bharti IsaraniCompany Secretary & Compliance Officer