INDIABULLS VENTURES LIMITED NOTICE

1

INDIABULLS VENTURES LIMITEDRegistered Office: M - 62 & 63, First Floor, Connaught Place, New Delhi – 110 001

CIN: L74999DL1995PLC069631Email: [email protected], Tel: 0124-6681199, Fax: 0124-6681240,

Website: www.indiabullsventures.com

NOTICE

NOTICE is hereby given that the TWENTY FOURTH ANNUAL GENERAL MEETING of the members of INDIABULLS VENTURES LIMITED will be held on Saturday, the 28th day of September, 2019 at 11:00 A.M. at Mapple Emerald, Rajokri, NH-8, New Delhi – 110 038, to transact the following businesses:

ORDINARY BUSINESS:1. Toreceive,considerandadopttheauditedstandaloneandconsolidatedfinancialstatementsoftheCompany

as at March 31, 2019, and the Reports of the Board of Directors and Auditors thereon.2. Toconfirmthepaymentofinterimdividend,declaredonequitysharesoftheCompany,forthefinancialyear

2018-19.3. ToappointaDirectorinplaceofMr.GaganBanga(DIN:00010894),aNon-ExecutiveDirector,whoretiresby

rotationandbeingeligible,offershimselfforre-appointment.

SPECIAL BUSINESS:

Item No. 4:To consider and if thought fit, to pass the following resolution, as an Ordinary Resolution, for re-appointment of Mr. Divyesh B. Shah (DIN: 00010933) as Whole-time director & Key Managerial Personnel, designated as Chief Executive Officer of the Company for a further period of five years w.e.f. April 1, 2019:“RESOLVED THATpursuanttotheprovisionsofSections196,197,198,203andotherapplicableprovisions,ifany,ofthe Companies Act, 2013 (the “Act”) and applicable Rules framed thereunder, read with Schedule V to the Act (including anystatutorymodification(s)orre-enactmentoftheAct),consentofthemembersoftheCompany,beandisherebyaccorded to the re-appointment of Mr. Divyesh B. Shah (DIN: 00010933) as Whole Time Director & Key Managerial PersonneloftheCompany,designatedasChiefExecutiveOfficer,forafurtherperiodoffiveyears,witheffectfromApril1,2019toMarch31,2024,ontheexistingtermsofhisappointmentincludingtheremunerationpayabletohim.RESOLVED FURTHER THATintheeventofabsenceorinadequacyofprofitsinanyfinancialyearduringthecurrencyoftenureofMr.DivyeshB.Shah,actualremunerationbeingpaidtoMr.DivyeshB.Shahforthatfinancialyearshallbein terms of the limits prescribed under Schedule V of the Companies Act, 2013.”

Item No. 5:To consider and if thought fit, to pass the following resolution, as an Ordinary Resolution, for appointment of Mrs. Rekha Gopal Warriar (DIN: 08152356) (Ex-Regional Director, RBI) as an Independent Director of the Company:“RESOLVED THAT pursuanttotheprovisionsofSections149,150,152and160andanyotherapplicableprovisionsoftheCompaniesAct,2013(the“Act”)andtheCompanies(AppointmentandQualificationofDirectors)Rules,2014(includinganystatutorymodification(s)orre-enactmentthereofforthetimebeinginforce)readwithScheduleIVtotheActandtheSEBI(ListingObligationsandDisclosureRequirements)Regulations,2015,includinganyamendment,modification,variationorre-enactmentthereof,theArticlesofAssociationoftheCompany,Mrs.RekhaGopalWarriar(DIN: 08152356) (Ex-Regional Director, RBI), be and is hereby appointed as an Independent Director of the Company,

2

foratermoftwoyearswitheffectfromAugust27,2019uptoAugust26,2021AND THAT she shall not be liable to retirebyrotation.”

Item No. 6:To consider and if thought fit, to pass the following resolution, as a Special Resolution, for re-appointment of Mr. Shyam Lal Bansal (DIN: 02910086) (Ex-Chairman & Managing Director of Oriental Bank of Commerce) as Independent Director of the Company:“RESOLVED THAT pursuanttotheprovisionsofSections149,150,152and160andanyotherapplicableprovisionsoftheCompaniesAct,2013(the“Act”)andtheCompanies(AppointmentandQualificationofDirectors)Rules,2014(includinganystatutorymodification(s)orre-enactmentthereofforthetimebeinginforce)readwithScheduleIVtotheActandtheSEBI(ListingObligationsandDisclosureRequirements)Regulations,2015,includinganyamendment,modification,variationorre-enactmentthereof,theArticlesofAssociationoftheCompany,Mr.ShyamLalBansal (DIN:02910086) (Ex-Chairman&ManagingDirectorofOrientalBankofCommerce),whoseexisting tenureasanIndependent Director is up to August 27, 2019 and being eligible, be and is hereby re-appointed as an Independent DirectoroftheCompanytoholdofficeforanothertermofoneyearwitheffectfromAugust28,2019uptoAugust27,2020 AND THAT heshallnotbeliabletoretirebyrotation.”

Item No. 7:To consider and if thought fit, to pass the following resolution, as a Special Resolution, for re-appointment of Mr. Alok Kumar Misra (DIN: 00163959) (Ex-Chairman & Managing Director of Bank of India) as Independent Director of the Company:“RESOLVED THAT pursuanttotheprovisionsofSections149,150,152and160andanyotherapplicableprovisionsoftheCompaniesAct,2013(the“Act”)andtheCompanies(AppointmentandQualificationofDirectors)Rules,2014(includinganystatutorymodification(s)orre-enactmentthereofforthetimebeinginforce)readwithScheduleIVtotheActandtheSEBI(ListingObligationsandDisclosureRequirements)Regulations,2015,includinganyamendment,modification,variationorre-enactmentthereof,theArticlesofAssociationoftheCompany,Mr.AlokKumarMisra (DIN:00163959)(Ex-Chairman&ManagingDirectorofBankofIndia),whoseexistingtenureasanIndependentDirectoris up to August 27, 2019 and being eligible, be and is hereby re-appointed as an Independent Director of the Company toholdofficeforanothertermofoneyearwitheffectfromAugust28,2019uptoAugust27,2020AND THAT he shall notbeliabletoretirebyrotation.”

Item No. 8:To consider and if thought fit, to pass the following resolution, as a Special Resolution, for shifting of registered office of the Company from National Capital Territory of Delhi to State of Haryana:“RESOLVED THAT pursuanttotheprovisionsofSection12,13oftheCompaniesAct,2013(‘Act’)readwithRule30oftheCompanies(Incorporation)Rules,2014(‘Rules’)andotherapplicableprovisions,ifany(includinganystatutorymodification(s)orre-enactmentsthereof,forthetimebeinginforce),oftheAct,and/orSEBI(ListingObligationsandDisclosureRequirements)Regulations,2015,asmaybeamendedfromtimetotime,andsubjecttoapprovalofCentralGovernmentthroughRegionalDirector,NorthernRegionandsuchotherapprovals,permissionsandsanction,asmayberequiredundertheprovisionsofthesaidActorunderanyotherlawforthetimebeinginforceoranystatutorymodificationoramendmentthereof,consentofthemembersbeandisherebyaccordedtoshifttheRegisteredOfficeoftheCompanyfrom“NationalCapitalTerritoryofDelhi”tothe“StateofHaryana”andconsequentlyClause-IIoftheMemorandumofAssociation(MOA)oftheCompanybesubstitutedbythefollowingClause:‘II.TheregisteredofficeoftheCompanywillbesituatedintheStateofHaryana.’RESOLVED FURTHER THAT upontheapprovaloftheRegionalDirector,NorthernRegionandtheaforesaidresolutionbecomingeffective,theRegisteredOfficeoftheCompanybeshiftedfromtheNationalCapitalTerritoryofDelhitosuchplaceinthe“StateofHaryana”asmaybedeterminedbytheBoardofDirectorsoftheCompany.

3

RESOLVED FURTHER THAT forthepurposeofgivingeffecttothisresolution,theBoardofDirectorsoftheCompany(which termshallbedeemed to includeanyperson(s)authorizedand/orCommitteewhich theBoardmayhaveconstitutedorhereinafterconstitutetoexerciseitspowersincludingthepowersconferredbythisResolution),beandisherebyauthorisedtoagreetoandmakeandacceptsuchconditions,modificationsandalterationsstipulatedbyanyoneoftheauthorities,statutoryorotherwise,whileaccordingapproval,consentasmaybeconsiderednecessaryandtoappointcounselsandadvisors,fileapplications/petitions,issuenotice,advertisements,obtainordersofshiftingofRegisteredOfficefromtheconcernedauthoritiesandtakesuchstepsandtodosuchacts,deedsandthingsastheymaydeemnecessaryandproperinthismatter.”

By Order of the Board of Directors For Indiabulls Ventures Limited

Sd/- Lalit SharmaPlace: Mumbai Company SecretaryDate: August 28, 2019 ACS: 24111

NOTES:(a) The Register of Members and Share Transfer Books of the Company shall remain closed from Thursday, September

26,2019toSaturday,September28,2019(bothdaysinclusive),forannualclosing(forAnnualGeneralMeeting).(b) TheExplanatory Statementpursuant toSection102of theCompaniesAct, 2013 settingoutmaterial facts

concerningthebusinessunderItemNo.3to8oftheaccompanyingNotice,isannexedheretoandthesameshouldbetakenaspartofthisNotice.Further,briefprofileoftheproposedappointeeDirectors,natureoftheirexpertisealongwiththerelevantdetailsrequiredtobeprovidedintermsofRegulation36(3)oftheSEBI(ListingObligationsandDisclosureRequirements)Regulations,2015,asmaybeamendedfromtimetotime(“SEBIListingRegulations”)issetoutintheexplanatorystatementtothisNotice.

(c) AMEMBERENTITLEDTOATTENDANDVOTEATTHISMEETINGISENTITLEDTOAPPOINTAPROXYORPROXIESTOATTENDAND,ONAPOLL,TOVOTEONHIS/HERBEHALFANDAPROXYNEEDNOTBEAMEMBER.Apersoncan act as a proxy on behalf of members not exceeding 50 and holding in the aggregate not more than 10% of thetotalsharecapitaloftheCompanycarryingvotingrights.Incaseaproxyisproposedtobeappointedbyamemberholdingmorethan10%ofthetotalsharecapitaloftheCompanycarryingvotingrights,thensuchproxyshall not act as a proxy for any other person or shareholder.

TheinstrumentofProxyinordertobeeffective,shouldbedepositedattheRegisteredOfficeoftheCompany,dulycompletedandsigned,notlessthan48hoursbeforethecommencementofthemeeting.ProxyformisannexedtothisNotice.Proxiessubmittedonbehalfofthecompanies,societiesetc.,mustbesupportedbyanappropriateresolution/authority,asapplicable.

(d) CorporatemembersintendingtosendtheirauthorizedrepresentativestoattendthemeetingarerequestedtosendacertifiedcopyoftheBoardResolutionauthorizingtheirrepresentativetoattendthisAnnualGeneralMeeting.

(e) Members/ProxiesshouldfilltheattendanceslipsforattendingthemeetingandbringtheirattendanceslipsalongwithcopyofAnnualReportandthisNoticeatthemeeting.

(f) MemberswhoholdsharesindematerializedformarerequestedtowritetheirClientIDandDPIDnumber(s)andthosewhoholdsharesinphysicalformarerequestedtowritetheirFolioNumber(s)onattendanceslipsforattendingthemeeting.

(g) IncaseofjointholdersattendingtheMeeting,onlysuchjointholderwhoishigherintheorderofnameswillbeentitledtovote,providedthevotesarenotalreadycastbyremotee-votingbythefirstholder.

4

(h) AllrelevantdocumentsreferredtointhisNoticerequiringtheapprovalofthemembersatthemeetingshallbeavailableforinspectionbythemembersattheRegisteredOfficeoftheCompanyonallworkingdaysbetween10.00AM.to1.00P.M.uptoSeptember27,2019andatthevenueofthemeeting.

(i) TheSecuritiesandExchangeBoardofIndia(SEBI)hasmandatedthesubmissionofPermanentAccountNumber(PAN)byeveryparticipantinsecuritiesmarket.Membersholdingsharesinelectronicformare,therefore,requestedtosubmittheirPANtotheDepositoryParticipantswithwhomtheymaintaintheirdemataccounts.Membersholdingshares in physical form should submit their PAN to the Registrar and Transfer Agent (“R&T Agent”).

(j) Membersholdingsharesindematerializedformarerequestedtointimateanychangeintheiraddressorbankaccountdetails(includingcorebankingaccountno,9digitMICRno.and11digitIFSCcodeno.)totheirrespectiveDepositoryParticipant(s)withwhomtheyaremaintainingdemataccount(s)immediately.

(k) Membersholdingsharesinphysicalformarerequestedtosendacommunicationdulysignedbyalltheholder(s)intimatingaboutthechangeofaddressimmediatelytotheR&TagentortotheCompanyalongwiththeself-attestedcopyoftheirPANCard(s),unsignedcopyoftheChequeleafwhereanactiveBankaccountismaintainedandthecopyofthesupportingdocumentsevidencingchangeinaddress.

(l) Votingthroughelectronicmeans I. IncompliancewiththeprovisionsofSection108oftheCompaniesAct2013,readwithRule20ofthe

Companies(ManagementandAdministration)AmendmentRules,2015,Regulation44oftheSEBI(ListingObligationsandDisclosureRequirements)Regulations,2015,((“SEBIListingRegulations”)andSecretarialStandardonGeneralMeetings(SS-2)issuedbytheInstituteofCompanySecretariesofIndia,theCompanyispleasedtoprovidethefacilityofvotingthroughelectronicmeans,asanalternative,toallitsMemberstoenablethemtocasttheirvoteselectronicallyinsteadofcastingtheirvoteattheMeeting.Pleasenotethatthevotingthroughelectronicmeans isoptional.ThefacilityofcastingthevotesbythemembersusinganelectronicvotingsystemfromaplaceotherthanvenueoftheMeeting(“remotee-voting”)willbe provided by Karvy Fintech Private Limited (Karvy).

II. TheMemberswhocasttheirvotebyremotee-votingpriortotheMeetingmayalsoattendtheMeetingbutshallnotbeentitledtocasttheirvoteagain.

III. Theremotee-votingperiodcommencesonWednesday,September25,2019at10:00A.M.andendsonFriday,September27,2019at05:00P.M.afterwhichthefacilitywillbedisabledbyKarvyandremotee-votingshallnotbeallowedbeyondthesaiddateandtime.During thisperiod, theMembersof theCompanyholdingsharesinphysicalformorindematerializedform,asonthecut-offdate(forreckoningvotingrights)being,Friday,September20,2019,maycasttheirvotebyremotee-votinginthemannerand process set out herein below.

IV. Incaseofanyquerypertainingtoe-voting,pleasecontactKarvy’stoll freeno.1-800-34-54-001oronthe email Id: [email protected] or to Ms. C Shobha Anand, Deputy General Manager, Contact No. 040-67162222orvisitHelp&FAQ’ssectionofhttps://evoting.karvy.com/.

V. ThevotingrightsoftheMembersshallbeinproportiontotheirsharesofthepaidupequitysharecapitalof the Company as onthecut-offdate(forreckoningvotingrights)being,Friday, September 20, 2019. Any person who is not a memberasonthecut-offdateshouldtreatthisNoticeforinformationpurposesonly.

VI. The Company has appointed Ms.SwatiJainofM/sSwatiJain&Associates,CharteredAccountants, Gurugram, astheScrutinizerforconductingthee-votingprocess in a fair and transparent manner.

VIII. The process andmannerforremotee-votingareasunder: A. In case a Member receiving an email of the AGM NoticefromKarvy[forMemberswhoseemailIDsare

registered withtheCompany/DepositoryParticipant(s)]: i LaunchinternetbrowserbytypingtheURL:https://evoting.karvy.com.

5

ii Enter thelogincredentials(i.e.,UserIDandpassword),EventNo.followedbyFolioNo./DPID.ClientID will beyourUserID.However,ifyouarealreadyregisteredwithKarvyfore-voting,youcanuseyourexistingUserIDandpasswordforcastingyourvote.

iii Afterentering these details appropriately, click on “LOGIN”. iv YouwillnowreachpasswordchangeMenuwhereinyouarerequiredtomandatorily change your

password. The new password shall comprise of minimum 8 characters with at least one upper case (A-Z), one lower case (a-z), one numeric value (0-9) and a special character (@,#,$, etc.). The system will prompt you to change your password and update your contact details like mobile number, email ID,etc.onfirstlogin.Youmayalsoenterasecretquestionandanswerofyourchoiceto retrieve your password in case you forget it. It is strongly recommended that you do not share your password with any other person and that you take utmost care tokeepyourpasswordconfidential.

v Youneedtologinagainwiththenewcredentials. vi On successful login, the system will prompt you to select the “EVENT” i.e., Indiabulls Ventures Limited. vii Onthevotingpage,enterthenumber of shares (which represents the number of votes) as on the

CutOffDateunder“FOR/AGAINST”oralternatively,youmaypartiallyenteranynumberin“FOR”andpartiallyin“AGAINST”butthetotalnumberin“FOR/AGAINST”takentogether should not exceed your totalshareholdingasmentionedtherein.YoumayalsochoosetheoptionABSTAIN.IftheMemberdoes not indicate either “FOR” or “AGAINST” it will be treated as “ABSTAIN” and the shares held will not be counted under either head.

viii Shareholdersholdingmultiplefolios/demataccountsshallchoosethevotingprocessseparatelyforeachfolios/demat accounts.

ix VotinghastobedoneforeachitemoftheNoticeseparately.Incaseyoudonotdesire to cast your voteonanyspecificitemitwill be treated as abstained.

x Youmaythencastyourvotebyselectinganappropriateoptionandclickon“Submit”. xi A confirmationboxwillbedisplayed.Click “OK” to confirmelse “CANCEL” tomodify.Onceyou

confirm,youwill not be allowed to modify your vote. During the votingperiod,MemberscanloginanynumberoftimestilltheyhavevotedontheResolution(s).

xii Corporate/InstitutionalMembers(i.e.otherthanIndividuals,HUF,NRI,etc.)arealsorequiredtosendscannedcertifiedtruecopy(PDFFormat)oftheBoardResolution/AuthorityLetter,etc.togetherwithattestedspecimensignature(s)ofthedulyauthorizedrepresentative(s),totheScrutinizerate-mailid [email protected] with a copy marked [email protected] scanned images of the abovementioneddocumentsshouldbeinthenamingformat“CorporateName_EVENTNO.”

xiii IncaseapersonhasbecometheMemberoftheCompanyafterthedispatchofAGMNoticebutonorbeforethecut-offdatei.e.September20,2019,maywritetotheKarvyontheemailId:[email protected] or toMs.C ShobhaAnand,ContactNo.040-67162222, at [Unit: Indiabulls Ventures Limited],KarvyFintechPrivateLimited,KarvySeleniumTowerB, Plot 31-32, Gachibowli, Financial District,Nanakramguda,Hyderabad-500032,requestingfortheUserIDandPassword.Afterreceiptof the abovecredentials,pleasefollowallthestepsfromSr.No.(i)to(xii)asmentionedin(A)above,to cast the vote.

B. In case of Members receiving physical copy oftheAGMNoticebyPost/Courier[forMemberswhoseemail IDsarenotregisteredwiththeCompany/DepositoryParticipant(s)]:

i) UserIDandinitialpasswordwillbeprovidedalongwithnoticeofAGM. ii) Please follow all steps fromSr.No.(i)to(xii)asmentionedin(A)above, to cast your vote.

6

C. The Chairman of the Meetingshall,attheMeeting,allowvotingwiththeassistanceofscrutinizer,byuseof ballot paper for all those memberswhoarepresentatthemeetingbuthavenotcast their votes by availingtheremotee-votingfacility.

D. TheScrutinizershall,immediatelyaftertheconclusionofvotingattheMeeting,firstcountthevotescastat the meeting,thereafterunblockthevotescastthroughremotee-votingin the presence of at least two (2) witnesses not in the employment of the Company.

E. The Results on resolution(s)shallbedeclaredonoraftertheAnnualGeneralMeetingoftheCompanyandtheresolution(s)willbedeemedtobepassedontheAnnualGeneralMeetingdatesubjecttoreceiptoftherequisitenumberofvotesinfavouroftheResolution(s).

F. The Results of thevotingwillbeannouncedwithinforty-eight(48)hoursaftertheconclusionoftheAnnualGeneralMeeting.TheResultsdeclaredalongwiththeScrutinizer’sReport(s)willbeavailable on the website of the Company (www.indiabullsventures.com) andServiceProvider’swebsite(https://evoting.karvy.com)and thecommunicationwillbesenttotheBSELimitedandtheNationalStockExchangeofIndiaLimited.

(m) TheMinistryofCorporateAffairshastakena“GreenInitiativeinCorporateGovernance”byallowingpaperlesscompliancesbyCompaniesthroughelectronicmode.InsupportofthisinitiativeelectroniccopiesoftheAnnualReportandthisNoticeinteraliaindicatingtheprocessandmannerofe-votingalongwithAttendanceSlipandProxyFormarebeingsentbytheCompanytoallthememberswhosee-mailIDsareregisteredwiththeCompany/DepositoryParticipant(s)unlessthememberhasspecificallyrequestedforahardcopyofthesame.Formemberswhohavenotregisteredtheire-mailaddresses,physicalcopiesofthisNoticeinteraliaindicatingtheprocessandmannerofe-votingalongwithAttendanceSlipandProxyForm,willbesenttotheminthepermittedmode.MembersmaynotethatsaidNoticeandtheAnnualReportforFY2018-19isalsopostedonthewebsiteoftheCompanyhttp://www.indiabullsventures.com.Shareholderswhosee-mailaddressisnotregisteredwithusarerequestedtopleasegetyoure-mailaddressregisteredwithus,sothatyourCompanycancontributetothesafetyof environment.

(n) AsperSections124and125oftheAct,theamountofunpaidorunclaimeddividendlyinginunpaiddividendaccount for a period of seven (7) years from the date of its transfer to the unpaid dividend account and the underlyingEquitySharesofsuchunpaidorunclaimeddividend,arerequiredtobetransferredtotheInvestorEducationandProtectionFundestablishedbytheCentralGovernment.Accordingly,theunclaimeddividendof `1,814,998/-pertainingtotheFinancialYear2010-11,gottransferredtoInvestorEducationandProtectionFundaftergivingduenoticetothemembers.Also,theCompanyhastransferred28,538equitysharespertainingtotheFinancialYear2010-11inrespectofwhichdividendhasnotbeenreceivedorclaimedforsevenconsecutiveyears to Demat Account of IEPF Authority.

(o) InformationcontainingthenamesandthelastknownaddressesofthepersonsentitledtoreceivetheunclaimeddividendamountlyingintheaccountasreferredtoinSection125(2)oftheAct,natureoftheamount,theamounttowhicheachpersonisentitled,duedatefortransfertoIEPF,etc.isprovidedbytheCompanyonitswebsiteat the link www.Indiabullsventures.com and on the website of the IEPF Authority. The concerned members are requestedtoverifythedetailsoftheirunclaimeddividend,ifany,fromthesaidwebsitesandlodgetheirclaimwith the R&T agent of the Company, before the unclaimed dividends are transferred to the IEPF Account.

7

EXPLANATORY STATEMENT IN RESPECT OF THE ORDINARY/SPECIAL BUSINESS PURSUANT TO SECTION 102 OF THE COMPANIES ACT, 2013, READ WITH REGULATION 36 OF THE SEBI (LODR), 2015.

ThefollowingExplanatoryStatementpursuanttoSection102oftheCompaniesAct,2013(“Act”)setsoutallmaterialfactsrelatingtothebusinessmentionedatItemNos.3to8oftheaccompanyingNoticedatedAugust22,2019.

Item No. 3: Ordinary Resolution for the re-appointment of Mr. Gagan Banga (DIN: 00010894), who retires by rotation and being eligible, offers himself for re-appointment

Mr.GaganBangaholdsaPostGraduateDiplomainManagementandhasover20yearsofindustryexperience.Hebringsdeepoperationalknowledgeandfirst-handexperienceinshapingbusinessstrategies

Mr.Bangahasasuccessfulexperienceofbuildingandscalinguplendingbusinesses.Hehasprovenexecutionskillsinsettingupandrunninglargefinancialservicesbusinessesandscalingthemupinaprofitablemannerwithbestinclassassetquality.HehasbeenassociatedwithIndiabullsGroupsinceinceptionandhasbeenmanagingitsflagshiplistedentityIndiabullsHousingFinanceLimited(IBHFL),firstinhiscapacityastheChiefExecutiveOfficerandnowasitsVice-Chairman,ManagingDirector&CEO.HehasbeeninstrumentalintransformingIndiabullsHousingFinanceLimitedintooneofthecountry’stopthreeHFCsinalittleoveradecade.UnderMr.Banga’sleadership,IBHFLhasseenthesteepestratingupgradetrajectoryfromalongtermAA-ratingin2008tothehighestAAAratingin2017.IBHFListhesecondmostprofitableHFCandclockedaprofitof`4,091CrsforFY2018-19anddeliveredanROEof26.52%.Overthepast20years,Mr.Bangahasdevelopeddeepnetworkofconnectionswithintheindustrybothintheequityanddebtspace,effectivelybringingefficiencyontheliabilitiessideofIBHFL’sbusiness.Hehasextensiveexperienceinworkingwithallthestakeholdersinvolvedincludingregulators,creditratingagencies,banks,mutualfunds,investorsandcustomers.Mr.Banga’sfocusoncustomerservice,prudentfinancialdisciplineandinnovativeproductshasbeenkeytothecompany’sgrowthandhaslaidfoundationforastable,sustainableandscalablecompany

UnderMr.Banga’sleadership,IBHFLhaslaunchedeHomeloans,India’sfirstend-to-endonlinehomeloantechnologyplatform.Throughtechnologyadoption,eHomeloanshasenabledIBHFLtoderiveoperationalefficiency,reducecostsandofferbestcustomerservice.Currently,IBHFL’s30%ofhomeloans’and24%ofallretailmortgageloans’sourcingisprocessedthrougheHomeloans.

Mr.BangahasplayedanintegralpartinformulatingandexecutingtheGroup’sstrategy,assistinginscaleupofoveralloperationsoftheGroup.HehasbeeninstrumentalinearlyadoptionoftechnologyinIVL’slendingbusinessthroughDhani,India’sfirstonlineend-to-endpersonalloantechnologyplatform.HisexperienceandexpertiseinmanagingeHomeloanshashelped IVL in launchingDhaniandtoscale itup. IVLhasalsobenefittedfromMr.Banga’sdeepinheritedknowledgeoffinancialservicesindustrywherehehastimeandagainguidedthecompanyinscalingupitslending business.

Mr.Banga,directlyandthroughhis100%ownedcompany,ownsanaggregateof31,49,269fullypaidupEquitySharesand1,44,382partlypaidupequitysharesoftheCompanyandisnotrelatedtoanyotherdirectorontheBoardoftheCompany.HeisalsoadirectorontheBoardofIndiabullsHousingFinanceLimited,IndiabullsDistributionServicesLimited, Indiabulls Consumer Finance Limited (formerly IVL Finance Limited) and GSB Advisory Services Private Limited.HeisalsoamemberofIBHFLboardconstitutedRiskManagementCommittee,CorporateSocialResponsibilityCommittee,InvestmentCommittee,ManagementCommitteeandCompensationCommittee.HeisalsoamemberofboardconstitutedManagementCommitteeofIndiabullsConsumerFinanceLimited.

Mr.Bangahasbeeninstrumentalinexpandingbusinessesoforganisationshehasworkedfor,meritinghisreappointmentas director on the Board of the Company.

8

ThemaintermsandconditionsofappointmentofMr.GaganBangaasNon-ExecutiveDirectoroftheCompany,areas under:-

Nature Director,liabletoretirebyrotationDesignation Non-ExecutiveDirectorRemuneration NilPerformance related Incentive StockoptionsintermsofESOPplansoftheCompany.Sitting Fees Nil

AccordinglytheBoardhasrecommendedtore-appointMr.GaganBanga,asNon-ExecutiveDirector,whoretiresbyrotationandbeingeligible,offershimselfforre-appointment,asaDirectorliabletoretirebyrotation.Accordingly,theBoardrecommendstheresolutionassetoutatItemNo.3ofthisNotice,fortheapprovalbytheshareholders,asanOrdinaryresolution.Except the proposed appointee, none of the Promoters, Directors and Key Managerial Persons (KMPs) of the Company oranyrelativesofsuchPromoters,DirectorsorKMPs,areinanywayconcernedorinterested,financiallyorotherwise,inthemattersetoutatItemNo.3ofthisNotice.

Item No. 4: Ordinary resolution for re-appointment of Mr. Divyesh B. Shah (DIN: 00010933) as Whole-time director & Key Managerial Personnel, designated as Chief Executive Officer of the Company for a further period of five years w.e.f. April 1, 2019Mr.DivyeshB.Shahhasover25yearsofindustryexperience.Mr.Shahhasextensiveexpertiseontheprocessandoperationsrequiredforrunningalargeteamofthesecuritiesandbrokeragebusiness,inaveryprofessionalmanner.Mr.ShahhasbeenwiththeIndiabullsGroupsincetheinceptionandhasbeeninvolvedinvariousrolesandhandledKeyassignmentforthegroup,meritinghisreappointmentasWhole-timedirectorontheBoardoftheCompany.InchangingbusinessenvironmentwheretheCompanyisfocusingonnewbusinesses,Mr.Shah’scontinuityontheBoardoftheCompany,lendsstabilitytotheoveralloperationsoftheCompany.Mr.Shahisawhole-timedirector,designatedasChiefExecutiveOfficerandKeyManagerialPersonneloftheCompany.Mr.ShahisalsoontheBoardof IBAssetsLimited, IndiabullsEngineeringLimited, Indiabulls InfrastructureProjectsLimited,IndiabullsNaturalResourcesLimited,IndiabullsSecuritiesLimited(formerlyIndiabullsCommoditiesLimited),IndiabullsConsumerProductsLimitedandSORILInfraResourcesLimited.HeisalsoChairmanofManagementCommittee,CorporateSocialResponsibilityCommittee,SecuritiesIssuanceCommitteeandRestructuringCommitteeandamemberofAuditCommittee,CompensationCommittee,AllotmentCommitteeandRiskManagementCommitteeoftheCompany.Heholds1,10,59,000fullypaidupequitysharesand19,81,687partlypaidupequitysharesintheCompany.Mr.Shahis not related to any director of the Company.ThemaintermsandconditionsofappointmentofMr.DivyeshB.Shah,asWholeTimeDirector&KeyManagerialPersonnel,designatedasChiefExecutiveOfficeroftheCompany,areasunder:-

Period 5 years w.e.f. April 1, 2019Nature Director,liabletoretirebyrotationDesignation WholeTimeDirectordesignatedasChiefExecutiveOfficerRemuneration Remuneration,excludingstockoptions,subjecttoarevisiononannualbasis,as

approvedbytheBoardontherecommendationofNomination&RemunerationCommittee.

Performance related Incentive StockoptionsintermsofESOPplansoftheCompany.Sitting Fees Nil

9

TheremunerationpaidtoMr.Shah,duringthefinancialyearendedMarch31,2019,ismentionedinFormMGT–9,formingpartoftheAnnualReportoftheCompanyforthefinancialyear2018-19.Accordingly the Board recommended to re-appoint Mr. Divyesh B. Shah, a Whole Time Director & Key Managerial Personnel,designatedasChiefExecutiveOfficer,liabletoretirebyrotation.Accordingly,theBoardrecommendstheresolutionassetoutatItemNo.4ofthisNotice,fortheapprovalbytheshareholders,asanOrdinaryresolution.Except the proposed appointee, none of the Promoters, Directors and Key Managerial Persons (KMPs) of the Company oranyrelativesofsuchPromoters,DirectorsorKMPs,areinanywayconcernedorinterested,financiallyorotherwise,intheresolutionsetoutatItemNo.4ofthisNotice.

Item No. 5: Ordinary Resolution for the appointment of Mrs. Rekha Gopal Warriar (DIN: 08152356), (Ex-Regional Director, RBI) as Independent Director for a term of two years with effect from August 27, 2019Mrs.RekhaGopalWarriarisaseasonedandcommittedbanker,withadistinguishedcareerspanningoverthirtysevenyears,duringwhichsheheldvarioushighlevelpositions,includingRegionalDirectorofReserveBankofIndia,Kolkata,Chief General Manager – Internal Debt Management Department and Financial Stability Unit of Reserve Bank of India amongstothers,culminatingastheRegionalDirectorofReserveBankofIndia,BengalandSikkim,fromwhereshefinallydemittedhisofficeinJuly2018.Mrs.Warriarhasexpertiseinbanking,supervision,managementandadministrativematters.Duringherillustriouscareer, spanningover thirty sevenyearswithReserveBankof India, sheheld severalpositionsacross functionsandlocationsandhashandleddiverseportfolios,likecoordinationwithstategovernments,banks,NABARDetc.indevelopmentactivities,demonetizationrelatedchallenges,InternalDebtManagementoverseeingofFinancialStabilityUnit,bankingregulationandsupervision,financialmarkets,externalcommercialborrowings,overseasinvestmentsand foreign exchange markets etc.Mrs. Warriar, a Post Graduate in Public Policy from Princeton University and a Post Graduate in Science from University ofBombay,isaCertifiedAssociateMemberofIndianInstituteofBanking&Finance(CAIIB)andanAssociateMemberofFederationofInsuranceInstitutes(AFII).Mrs.Warriarhasalsobeencloselyassociatedwithvariousinstitutes/organizationslikeReserveBankStaffCollegeandNationalInstituteofBankManagement.ShehasalsochairedtheWorkingGroupforMacro-mappingtheShadowBankingSectorinIndia.ShewasalsoamemberofWorkingGroupforIntroductionofSeparatelyTradingofRegisteredInterestandPrincipalofSecurities(STRIPS)andWorkingGroupforAccountingStandards.ShehasalsoparticipatedinPeerReviewofMacroPrudentialFrameworkofRussia(FSB).Presently,Mrs.WarriarisontheBoardofIIFLWealthFinanceLimitedandIIFLSecuritiesLimited.Followingisthedetailofhermembership/chairmanshipofvariouscommitteesinothercompanies:

Company Committee Member/ChairpersonIIFL Wealth Finance Limited CSRCommittee Member

AuditCommittee MemberNominationandRemunerationCommittee MemberRiskManagementCommittee MemberAssetLiabilityManagementCommittee Member

IIFLSecuritiesLtd NominationandRemunerationCommittee Chairperson

StakeholdersRelationshipCommittee ChairpersonRiskManagementCommittee MemberAuditCommittee Member

10

She does not hold any shares in Indiabulls Ventures Limited (“the Company”) and is not related to any other Director of the Company.ThemaintermsandconditionsofappointmentofMrs.Warriar,asanIndependentDirectoroftheCompany,areasunder:-

Period One year w.e.f. August 27, 2019

Nature Director,notliabletoretirebyrotation

Designation Independent Director

Remuneration ApartfromSittingFees–NIL

Performance related Incentive ApartfromSittingFees–NIL

Sitting Fees `1lakhperboardmeeting

The Board of Directors of the Company has proposed the appointment of Mrs. Rekha Gopal Warriar, as an Independent Director of the Company for a term of two years from August 27, 2019 up to August 26, 2021.TheproposedappointmentofIndependentDirector,inthemannerassetoutinItemNo.5ofthisNotice,isincompliancewiththeapplicableprovisionsoftheCompaniesAct2013(“Act”)andoftheSecuritiesandExchangeBoardofIndia(ListingObligationsandDisclosureRequirements)Regulations,2015(hereinafterreferredtoas“SEBILODRRegulations”).TheCompanyhas received from theproposedappointeedirectoradeclaration to theeffect that she fulfills thecriteriaofindependenceasprovidedinSection149(6)oftheActandSEBILODRRegulationsforherappointmentasan Independent Director of the Company and he is independent of the Management of the Company.UponrecommendationoftheBoardconstitutedNomination&RemunerationCommittee,Mrs.RekhaGopalWarriar(DIN:08152356)wasappointedasanAdditionalDirectoroftheCompanyw.e.f.August27,2019,bytheBoardofDirectorsoftheCompany.ShewillholdofficeuptothedateofensuingAnnualGeneralMeetingoftheCompanyandshallbeconsideredasIndependentDirectorintermsofSection149oftheCompaniesAct,2013readwithrulesmadethereunderandSEBILODRRegulations.IntermsoftheapplicableprovisionsoftheCompaniesAct,2013,member(s)oftheCompanyhaveproposedhercandidaturefortheofficeofIndependentDirectoroftheCompanyinthemannerassetoutatItemNo.5ofthisNotice.Keepinginviewofhervastexperience,knowledgeandmanagerialskills,theBoardconstitutedNomination&RemunerationCommitteehasrecommendedtotheBoardherappointmentasIndependentDirector of the Company. The Board is also of the view that it will be in the best business interest of the Company that Mrs.WarriarisappointedasanIndependentDirectorontheBoardoftheCompany,notliabletoretirebyrotation.

Pursuant to and in terms of the applicable provisions of the Companies Act, 2013 including Companies (Appointment andQualificationofDirectors)Rules,2014readwithrelevantSchedulestotheCompaniesAct,2013andSEBILODRRegulations(includinganystatutorymodification(s)orre-enactmentthereofforthetimebeinginforce)andArticlesofAssociationoftheCompany,shareholders’approval,bywayofOrdinaryResolution,isrequiredfortheappointmentofMrs.WarriarasanIndependentDirector,inthemannerassetoutatItemNo.5ofthisNotice.TheBoardaccordinglyrecommendstheresolutionassetoutatItemNo.5ofthisNotice,fortheapprovalbytheshareholders,asanOrdinaryresolution.Except the proposed appointee, none of the Promoters, Directors and Key Managerial Persons (KMPs) of the Company oranyrelativesofsuchPromoters,DirectorsorKMPs,areinanywayconcernedorinterested,financiallyorotherwise,intheresolutionsetoutatItemNo.5ofthisNotice.

Item No. 6 & 7: Special Resolutions, for re-appointment of Independent DirectorsTheMembersoftheCompanyatthe22ndAnnualGeneralMeeting(AGM)heldonSeptember29,2017hadappointedMr. Shyam Lal Bansal (DIN: 02910086) and Mr. Alok Kumar Misra (DIN: 00163959) as Independent Directors of the Companyforatermof2(two)consecutiveyearsfromAugust28,2017uptoAugust27,2019andaccordinglytheyholdofficeassuchuptoAugust27,2019.TheNominationandRemunerationCommitteeofDirectorsafterevaluatingtheirvastexperience,knowledgeandmanagerialskillstheybringtotheBoardalongwiththeirperformanceduringtheirexistingtenure,recommended

11

theirre-appointmentasIndependentDirectorsforanothertermof1(one)yearwitheffectfromAugust28,2019uptoAugust27,2020.TheBoardofDirectorsatitsmeetingheldonJuly31,2019consideredandapprovedthesaid re-appointments,subjecttotheapprovaloftheMembersoftheCompany.TheCompanyhasalsoreceiveddeclarationsfromtheaforesaiddirectorsconfirmingthattheymeetthecriteriaofindependenceasprescribedunderSection149(6)oftheCompaniesAct,2013andRegulation16(1)(b)oftheSEBILODRRegulations.TheyhavealsoconfirmedthattheyarenotdisqualifiedfrombeingappointedasDirectorsintermsofSection164oftheCompaniesAct,2013norhavebeendebarredfromholdingtheofficeofdirectorbyvirtueofanyorderfromSecuritiesandExchangeBoardofIndia(SEBI)oranysuchauthorityandhavegiventheirconsenttoactasDirectors of the Company.IntheopinionoftheBoardofDirectorsoftheCompany,Mr.BansalandMr.MisracontinuetofulfilltheconditionsforindependencespecifiedintheCompaniesAct,2013andtheSEBILODRRegulationsandareindependentofthemanagementoftheCompany.Draftofthelettersofappointmenttobeissuedtothemsettingoutthetermsandconditionsandothermaterialdocumentsareavailableforinspection.IntermsoftheprovisionsofSection149(10)oftheCompaniesAct,2013,re-appointmentofanIndependentDirectorforasecondtermrequirespassingofaspecialresolution.Accordingly,approvalofMembersbywayofaspecialresolutionisbeing sought for re-appointment of Mr. Bansal and Mr. Misra as Independent Directors for another term of 1 (one) year.Brief profile of Mr. Bansal and Mr. Misra is provided as under:(i) Mr. Shyam Lal Bansal (DIN: 02910086) - (Ex-Chairman & Managing Director of Oriental Bank of Commerce) -

Independent Director Mr.ShyamLalBansalisaseasonedandaccomplishedbankerwithadistinguishedcareerspanningmorethan

threedecadesduringwhichhehandledawiderangeofsubjectspertainingtocommercialbanksinvarioushighlevelcapacitiesculminatingastheChairman&ManagingDirectorofOrientalBankofCommerce,fromwherehefinallydemittedhisofficeinSeptember,2014.Mr.BansalisaMastersinCommercewithCAIIB.HestartedhiscareerasaprobationaryofficerinUnionBankofIndiaandwentontohaveanillustriousprofessionalinningsspanning over 36 years in Banking Industry with Union Bank of India, United Bank of India and Oriental Bank of Commerce. During his banking carrier with Union Bank, he headed various branches and regions and was promotedtothepositionofGeneralManager,wherebesidesbeingaFieldGeneralManagerofitsEasternZoneheheadeditsRetailBankingDivision.InApril2010hetookoverasExecutiveDirectorofUnitedBankofIndiaand in March, 2012 he took over as Chairman and Managing Director of Oriental Bank of Commerce.

Mr. Bansal is an astute Banker of high repute. Dynamism and human approach are the hall-mark of his persona. In BankingCirclesheisknownforhisexpertiseinmattersofcreditandoperationsandhisleadershiphavingclarityofthesubjectwithverystrongcommunicationskills.Hehasaknackofdiffusingcrisiswithpracticalsolutions.InrecognitionofhiscontributiontowardstheBank,hewasdeputedforvariousoverseasseminarsandTrainingprograms. Throughout his career, he has been known as dynamic leader and a true team-man.

ThemaintermsandconditionsofappointmentofMr.ShyamLalBansal,asan IndependentDirectorof theCompany, are as under :-





Performance related Incentive ApartfromSittingFees–NIL.


HeisalsoadirectorontheBoardofIndiabullsAssetReconstructionCompanyLimited.HeismemberofNomination&RemunerationCommitteeoftheCompanyandmemberofAuditCommittee,Nomination&Remuneration

12

CommitteeandCorporateSocialResponsibilityCommitteeofIndiabullsAssetReconstructionCompanyLimited. Mr. Bansal does not hold any shares in the Company and is not related to any other director on the Board of the Company.

(ii) Mr. Alok Kumar Misra (DIN: 00163959) – (Ex-Chairman & Managing Director of Bank of India) - Independent Director Mr.AlokKumarMisraisaseasonedandaccomplishedbankerwithadistinguishedcareerspanningmorethan

threedecadesduringwhichhehandledawiderangeofsubjectspertainingtocommercialbanksinvarioushighlevelcapacitiesculminatingastheChairman&ManagingDirectorofBankofIndia,fromwherehefinallydemittedhisofficeinSeptember,2012.Mr.MisrahasalsoservedastheChairmanoftheIndianBankAssociation.Mr.MisraisaMastersinStatistics,PostGraduateDiplomainPersonnelManagementfromFMS,DelhiUniversityandCAIIB.HeisalsothefellowmemberofCertifiedInstituteofBankersofScotland,ZambianInstituteofBankers,andanassociatememberofAustralasianInstituteofBanking&Finance.HestartedhiscareerasaprobationaryofficerinBankofIndiaandwentontohaveanillustriousprofessionalinningsspanningover38yearsinBankingIndustry,duringwhichheheadedvariousbankingoperations,includinginchargeofBankofIndia’sinternationaloperationsasitsGeneralManager(International),asaManagingDirectorofIndo-ZambiaBankLtd,asanExecutiveDirectorofCanaraBank,beforehiselevationtoCMDofOrientalBankofCommerceandCMDofBankofIndia.Throughout his career, he has been known as a dynamic leader and a true team-man.

Mr.MisraisanastuteBankerofhighrepute,acommittedprofessionalwithstrongleadershipqualities,expertiseinFinance,Accounting,ManagementandAdministrativematters,CorporateGovernance,andRiskManagement.

ThemaintermsandconditionsofappointmentofMr.AlokKumarMisra,asanIndependentDirectoroftheCompany, are as under :-





Performance related Incentive ApartfromSittingFees–NIL.


HeisalsoadirectorontheBoardofMonteCarloFashionsLimited,DewanHousingFinanceCorporationLimited,TheInvestmentTrustofIndiaLimited,InfomericsValuationandRatingPrivateLimited,NitstoneFinservPrivateLimited, Indiabulls Life Insurance Company Limited, ITI Asset Management Limited, Indiabulls Consumer Finance LimitedandNayatiHealthcare&ResearchPrivateLimited.Followingisthedetailofhismembership/chairmanshipofvariouscommitteesinvariouscompanies:

Company Committee Member/Chairperson

Indiabulls Ventures Limited AuditCommitteeStakeholders’RelationshipCommitteeNomination&RemunerationCommitteeCompensationCommitteeAllotmentCommitteeRiskManagementCommitteeManagementCommitteeRestructuringCommittee

Chairman ChairmanChairmanChairmanChairmanChairmanMemberMember

Indiabulls Consumer Finance Limited Nomination&RemunerationCommittee AuditCommittee

MemberMember

13

Company Committee Member/Chairperson

The Investment Trust of India Limited Nomination&RemunerationCommitteeAuditCommitteeStakeholders’RelationshipCommitteeInternalFinanceCommittee

ChairmanMemberMemberMember

ITI Asset Management Limited AuditCommittee MemberIndiabulls Life Insurance Company Limited

InvestmentCommittee Member

DewanHousingFinanceCorporationLimited

AuditCommitteeCorporateSocialResponsibilityCommitteeNomination&RemunerationCommitteeStakeholders’RelationshipCommitteeFinanceCommitteeReviewCommitteeSpecialCommitteeforsaleofstrategicinvestments

ChairmanChairmanMemberMemberMemberMemberMember

Heholds1,000fullypaidupequitysharesand235partlypaidupequitysharesintheCompanyandisnotrelatedtoany other director on the Board of the Company.The proposed re-appointments of Independent Directors are in compliance with the applicable provisions of the CompaniesAct2013(“Act”)andoftheSEBILODRRegulations.TheBoardaccordinglyrecommendsthepassingofthespecialresolutionsassetoutatItemNos.6&7ofthisNotice,for the approval of the Members of the Company.Except the proposed appointees, none of the Promoters, Directors and Key Managerial Persons (KMPs) of the Company oranyrelativesofsuchPromoters,DirectorsorKMPs,areinanywayconcernedorinterested,financiallyorotherwise,intheresolutionssetoutatItemNo.6&7ofthisNotice.

Item No. 8: Special Resolution, for shifting of registered office of the Company from National Capital Territory of Delhi to State of HaryanaPresently,theCompany’sregisteredofficeislocatedintheNationalCapitalTerritoryofDelhi.Theoperatingteamsviz.thesalesteam,informationtechnology(IT)team,financeteametc.,arebasedoutoftheCorporateandHeadofficeinGurugram,inthestateofHaryana.ShiftingoftheregisteredofficetotheCompany’sCorporateandHeadofficeinGurugramisbeingdoneforsmoothandefficientconductoftheCompany’soperations.Thus,theBoardofDirectorsoftheCompanyatitsMeetingheldonJuly31,2019approvedtheshiftingtheRegisteredOfficeoftheCompanytoitsCorporateandHeadOffice,situatedatGurugram,inthe“StateofHaryana”andconsequentialamendmentsintheMemorandumofAssociationoftheCompany,subjecttoallapplicableregulatoryapprovals.ShiftingoftheregisteredofficetoitsCorporateandHeadOfficesituatedatGurugramwouldhelptheCompany’sManagementtomonitoritsbusinessmoreeconomically,viablyandefficientlyandtostreamlineitsvariouscorporatefunctionsatreducedcostwithbetteradministrativecontrol,supervisionandconveniencewhichwouldfacilitateenlargingitsbusinessoperations.AsperprovisionsofSection12,13andotherapplicableprovisions,ifany,oftheActandrulesmadethereunder,suchshiftingofRegisteredOfficerequirestheCompanytoalterMemorandumofAssociationoftheCompanyandtoobtainnecessaryapprovalof theShareholdersbywayofSpecialResolutionandconfirmation fromCentralGovernmentthroughRegionalDirector,NorthernRegion/oranyotherauthorityasmaybeprescribedpursuanttotheprovisionsofSection13oftheCompaniesAct,2013.AcopyoftheMemorandumofAssociationoftheCompanytogetherwiththeproposedalterationsasmentionedabove,isbeinguploadedontheCompany’swebsiteforperusalbytheMembersandwouldbeavailableforinspection

14

bythemembersattheRegisteredOfficeoftheCompanyonallworkingdaysbetween10.00AM.to1.00P.M.uptoSeptember27,2019andatthevenueofthemeeting.TheBoardaccordinglyrecommends,passingoftheSpecialResolution,assetoutatItemNo.8ofthisNotice,fortheapproval of the Members of the Company.NoneofthePromoters,DirectorsandKeyManagerialPersons(KMPs)oftheCompanyoranyrelativesofsuchPromoters,DirectorsorKMPs,areinanywayconcernedorinterested,financiallyorotherwise,intheresolutionsetoutatItemNo.8ofthisNotice.

By Order of the Board of Directors For Indiabulls Ventures Limited

Sd/- Lalit Sharma

Place: Mumbai Company SecretaryDate: August 28, 2019 ACS: 24111

15

INDIABULLS VENTURES LIMITEDCIN: L74999DL1995PLC069631

Registered Office: M - 62 & 63, First Floor, Connaught Place, New Delhi – 110 001Email: [email protected], Tel: 0124-6681199, Fax: 0124-6681240,


FORM NO. MGT 11

PROXY FORM[Pursuant to Section 105(6) of the Companies Act, 2013 and Rule 19(3) of the Companies (Management and Administration) Rules, 2014]

NameoftheMember(s):_________________________________________________________________________

RegisteredAddress:_______________________________________________________________________________

______________________________________________________________________________________________

E-mailID:______________________________________________________________________________________

FolioNo./ClientID:_________________________________________DPID:_______________________________

I /We,being themember(s)of___________________________Equity Sharesof` 2 each of the above named Company, hereby appoint:

1. Name: __________________________________________________________________________________

Address: __________________________________________________________________________________

E-mailId: __________________________________________________________________________________

Signature:_________________________________________________,orfailinghim/her

2. Name: __________________________________________________________________________________

Address: __________________________________________________________________________________

E-mailId: __________________________________________________________________________________

Signature:_________________________________________________,orfailinghim/her

3. Name: __________________________________________________________________________________

Address: __________________________________________________________________________________

E-mailId: __________________________________________________________________________________

Signature:_________________________________________________,

16

asmy/ourproxytoattendandvote(onapoll)forme/usandonmy/ourbehalfattheTwentyFourthAnnualGeneralMeetingoftheCompany,tobeheldonSaturday,September28,2019at11:00A.M.atMappleEmerald,Rajokri,NH-8,NewDelhi-110038,andatanyadjournmentthereof,inrespectofsuchresolutionssetoutintheNoticeconveningthemeeting,asareindicatedbelow:

Resolution No. Brief details of the Resolution

Ordinary Business

1 AdoptionoftheAuditedStandaloneandConsolidatedFinancialStatementsoftheCompanyasat March 31, 2019 and the Reports of the Board of Directors and Auditors thereon.

2 Confirmationofpaymentofinterimdividend,declaredonequitysharesforthefinancialyear2018-19.

3 Re-appointmentofMr.GaganBanga(DIN:00010894),aNon-ExecutiveDirector,whoisliabletoretirebyrotationand,beingeligibleoffershimselfforre-appointment.

Special Business

4 Approvalforre-appointmentofMr.DivyeshB.Shah(DIN:00010933)asWhole-timedirector&KeyManagerialPersonnel,designatedasChiefExecutiveOfficeroftheCompanyforafurtherperiodoffiveyearsw.e.f.April1,2019.

5 Approval for appointment of Mrs. Rekha Gopal Warriar (DIN: 08152356), (Ex-Regional Director, RBI),asIndependentDirectoroftheCompany,notbeliabletoretirebyrotation,foraperiodoftwo years w.e.f. August 27, 2019.

6 Approval for re-appointment of Mr. Shyam Lal Bansal (DIN: 02910086) (Ex-Chairman & Managing Director of Oriental Bank of Commerce) as Independent Director of the Company, not be liable toretirebyrotation,foraperiodofoneyearw.e.f.August28,2019.

7 Approval for re-appointment of Mr. Alok Kumar Misra (DIN: 00163959) (Ex-Chairman & Managing DirectorofBankof India)asIndependentDirectoroftheCompany,notbeliabletoretirebyrotation,foraperiodofoneyearw.e.f.August28,2019.

8 ApprovalforshiftingofregisteredofficeoftheCompanyfromNationalCapitalTerritoryofDelhitoStateofHaryana.

Affix Revenue

Stampof `1/-

Signedthis______________________________dayof_____________,2019

SignatureofShareholder:__________________________________________

SignatureofProxyHolder(s):_______________________________________

Notes:1. This form of proxy in order to be effective should be duly completed and deposited at the Registered Office of

Company, not less than 48 hours before the commencement of the Meeting.2. A Proxy need not be a Member of the Company.3. A person appointed as Proxy shall act on behalf of not more than 50 (fifty) Members and holding not more

than 10% of the total share capital of the Company carrying voting rights. However, a Member holding more than 10% of the total share capital of the Company carrying voting rights may appoint a single person as Proxy and such person shall not act as Proxy for any other person or Member.

17

ATTENDANCE SLIP (Please hand over this slip at the entrance of the meeting hall)

Folio No.*:_______________________________________ No.ofShares: _________________________________

DP ID:___________________________________________ ClientID:______________________________________

Members or their Proxies are requested to present this Slip in accordance with the Specimen Signatures registered with the Company, at the entrance of the Meeting Hall, for admission.

NameoftheattendingMember/Proxy______________________________________________________________(in BLOCK LETTERS)

I/Weherebyrecordmy/ourpresenceattheTwentyFourthAnnualGeneralMeetingoftheCompanyheldonSaturday,September28,2019at11:00A.MatMappleEmerald,Rajokri,NH-8,NewDelhi-110038.

________________________ ___________________________ Member’sSignatures Proxy’sSignatures

*Applicable for Members holding shares in Physical form.

INDIABULLS VENTURES LIMITEDCIN: L74999DL1995PLC069631

Registered Office: M - 62 & 63, First Floor, Connaught Place, New Delhi – 110 001Email: [email protected], Tel: 0124-6681199, Fax: 0124-6681240,


18

Map of AGM Venue

Documents

INDIABULLS VENTURES LIMITED NOTICE