Crown Lifters : Extra Ordinary Meeting

NOTICE

Notice is hereby given that an Extraordinary General Meeting of the shareholders of Crown Lifters Limited will be held on Thursday, 23rd June, 2022 at 11:30 a.m. at the registered office of the Company at 104, Raheja Plaza Premises Co‐Op Soc. Ltd., Shah Industrial Estate, Veera Desai Rd, Andheri [W], Mumbai - 400053, Maharashtra to transact the following business:

SPECIAL BUSINESS:

1. RECLASSIFICATION OF FEW OF THE 'PROMOTERS AND PROMOTER GROUP' SHAREHOLDERS OF THE COMPANY TO 'PUBLIC CATEGORY SHAREHOLDERS':

TO CONSIDER AND IF THOUGHT FIT, TO PASS WITH OR WITHOUT MODIFICATION THE FOLLOWING RESOLUTION AS AN ORDINARY RESOLUTION:

"RESOLVED THAT in terms of the provisions of Regulation 31A (3) (a)(iii) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, and subject to necessary approvals from the Stock Exchanges where the equity shares of the Company are listed, namely, National Stock Exchange of India Limited (NSE) or such other authorities as may be empowered in this regard by the SEBI and other appropriate statutory authorities as may be required, approval of the Members be and is hereby accorded to reclassify the status of following persons (hereinafter individually and jointly referred to as the 'Outgoing Promoters') from "Promoter" to the "Public" shareholding of the Company in accordance with the provisions of Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended :

Sr. no.	NAME OF PROMOTER/ PROMOTER GROUP	No. of shares held as on the date of
	TO BE RECLASSIFIED	this notice
1.	Asif Hussain Jaria	0
2.	Hanif Hussain Jaria	0
3.	Hussain Virji Jaria	0
4.	Nooruddin Savji Rajwani	0
5.	Siraj Virji Jaria	0

RESOLVED FURTHER THAT upon receipt of necessary approval(s) for reclassification for the afore mentioned outgoing promoters, the company shall effect such re‐classification in the statement of Shareholding pattern of the company from the immediate succeeding quarter under Regulation 31 of SEBI (LODR) Regulations, 2015, as applicable, in compliance to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2015 and other applicable provisions for the time being in force.

"RESOLVED FURTHER THAT any one Director of the Company, be and is hereby severally authorized to intimate Stock exchanges post members approval, and to submit a reclassification application to the stock exchanges within the permitted time, and thereby execute all such documents, instruments, papers and writings etc., on behalf of the company, as may be required from time to time and to do all such acts and deeds as may be necessary to give effect to this resolution and to settle any questions or difficulties or doubt that may arise in this regard."

CROWN LIFTERS LIMITED

104,Raheja Plaza, Shah Industrial Estate, Veera Desai Road, Andheri (W), Mumbai ‐ 400053, India.

Tel: [phone] | Email: [e-mail]| www.crownlifters.com CIN: L74210MH2002PLC138439

EXPLANATORY STATEMENTS PURSUANT TO SECTION 102[1] OF THE COMPANIES ACT, 2013

The following statements set out all material facts relating to Special Businesses mentioned in the accompanying Notice:

ITEM NO. 1: RECLASSIFICATION OF FEW OF THE 'PROMOTERS AND PROMOTER GROUP' SHAREHOLDERS OF THE COMPANY TO 'PUBLIC CATEGORY SHAREHOLDERS':

Mr. Asif Hussain Jaria, Mr. Hanif Hussain Jaria, Mr. Hussain Virji Jaria, Mr. Nooruddin Savji Rajwani and Mr. Siraj Virji Jaria are promoters of the Company. On May 25, 2022, Outgoing Promoters have requested reclassification of their Status as from "Promoter Category" to "Public Category" as per Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") and their current holding is given below :‐

Sr. no.	NAME OF PROMOTER/ PROMOTER GROUP	No. of shares held as on the date of
	TO BE RECLASSIFIED	this notice
1.	Asif Hussain Jaria	0
2.	Hanif Hussain Jaria	0
3.	Hussain Virji Jaria	0
4.	Nooruddin Savji Rajwani	0
5.	Siraj Virji Jaria	0

It may be further noted that following are the pre‐requisite for making application under these regulations i.e. the Outgoing Promoters:

1. Does not hold more than 10% of the total voting rights in the Company;
2. Does not exercise control over the affairs of the Company directly or indirectly;
3. Does not have any special rights with respect to the Company through formal or informal arrangements including through any shareholder agreements;
4. Does not represent on the Board of Directors (including not having a nominee Director) of the Company;
5. Does not act as a key managerial person in the listed entity;
6. Not be a 'willful defaulter' as per the Reserve Bank of India Guidelines;
7. Not be a fugitive economic offender;

It is further informed that the Outgoing Promoters had confirmed that none of them: i. holds any % in the share capital of the Company (either individually or in concert);

1. have any direct or indirect control over the affairs of the Company;
2. have any special right through formal or informal arrangements with the Company;
3. have any representations on the Board of Directors in the Company or is engaged in any management or day to day affairs of the Company;
4. holds any Key Managerial position in the Company;
5. is declared as willful defaulter
6. is fugitive economic offender;

At its meeting held on May 26, 2022, the Board considered and approved the request received from outgoing promoters for reclassifying their status as Public.

CROWN LIFTERS LIMITED

104,Raheja Plaza, Shah Industrial Estate, Veera Desai Road, Andheri (W), Mumbai ‐ 400053, India.

Tel: [phone] | Email: [e-mail]| www.crownlifters.com CIN: L74210MH2002PLC138439

NOTES:

1. PURSUANT TO SECTION 105 OF THE COMPANIES ACT, 2013 AND THE RULES MADE THEREUNDER, A MEMBER ENTITLED TO ATTEND AND VOTE AT THE EXTRA‐ORDINARY GENERAL MEETING IS ENTITLED TO APPOINT ONE OR MORE PROXIES TO ATTEND AND, ON A POLL, VOTE INSTEAD OF HIMSELF/HERSELF, SUCH PROXY NEED NOT BE A MEMBER OF THE COMPANY. A person can act as proxy on behalf of members not exceeding 50 [fifty] and holding in aggregate not more than ten (10) per cent of the total share capital of the Company. In case proxies proposed to be appointed by a Member holding more than ten (10) percent of the total share capital of the Company carrying voting rights, then such proxy shall not act as a proxy for any such other person or shareholder.
   The instrument of Proxy in order to be effective, should be deposited at the registered office of the company, duly completed and signed, not less than 48 hours before the commencement of the meeting i.e. by 11.30 a.m. on Tuesday, 21st June, 2022. A Proxy form is sent herewith. Proxy form submitted on behalf of the Companies, Societies, etc. must be supported by an appropriate resolution / authority, as applicable.
2. Relevant documents referred to in the accompanying notice are open for inspection by the members at the registered office of the company on all working days during office hours.
3. Every shareholder entitled to vote at a meeting of the company or any resolution to be moved thereat, shall be entitled during the period beginning twenty‐four hours prior the time fixed for the commencement of meeting and ending with the conclusion of the meeting, to inspect the proxies lodged at any time during the business hours of the Company, provided that the notice regarding the same should be submitted in writing three days before the meeting date, mentioning the intention to inspect the proxies of the Company.
4. Members are requested to contact Registrar and Transfer Agent (RTA) namely Bigshare
   Services Private Limited. 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (E), Mumbai‐400059, Maharashtra, India for recording any change of address, bank mandate, ECS or nominations, for updation of email address and for redressal of complaints contact the Compliance Officer at the Registered Office of the company.
5. Members are requested to bring their client ID and DP ID numbers for easy identification of attendance at the meeting.
6. Members are requested to bring Notice of Extraordinary General Meeting at the meeting. Shareholders seeking any information with regard to account are requested to write to the company early so as to enable the management to keep the information ready.
7. Members / Proxies are requested to bring with them the attendance slip duly filled in and hand it over at the entrance.
8. Pursuant to Section 101 and Section 136 of the Companies Act, 2013 read with relevant rules made there under, Companies can serve Notice of Extraordinary General Meeting and other communications through electronic mode to those Members who have registered their e‐mail address either with the Company or with the Depository. Members who have not registered their e‐mail addresses so far are requested to register their e‐mail address so that they can receive the Annual Report and other communication from the company electronically. Members are requested to register their e‐mail address with their Depository Participant(s)

CROWN LIFTERS LIMITED

104,Raheja Plaza, Shah Industrial Estate, Veera Desai Road, Andheri (W), Mumbai ‐ 400053, India.

Tel: [phone] | Email: [e-mail]| www.crownlifters.com CIN: L74210MH2002PLC138439