Birla Precision Technologies Ltd — Board/Management Information 2020

Aug 31, 2020

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SJ/BSE/19/2020-21

To, Date: 31[th] August, 2020 Department of Corporate Services, BSE Limited, Floor 25, P.J. Towers, Dalal Street, Mumbai-400 001

Scrip Code: 522105

Sub: Outcome of the Board Meeting SJ/02/2020-2021 held on 31[st] August,2020

Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company at their meeting held today considered and approved, inter alia, the following:

1. Considered and approved issue of shares on preferential basis to Birla Infrastructure Limited & Birla Bombay Private Limited- subject to approval of shareholders.

2. Considered & approved the Notice of Annual General Meeting & Board Report.

3. in view of the continuing Covid-19 pandemic, the Ministry of Corporate Affairs (“MCA”) has vide its circular dated May 5, 2020 read with circulars dated April 8, 2020 and April 13, 2020 (collectively referred to as ‘MCA Circulars”) permitted the holding of Annual General Meeting (“AGM”) through Video Conference (“VC”) / Other Audio Visual Means (“OAVM”), viz, without the physical presence of the Members at any common venue. Hence in compliance with the provisions of the Companies Act, 2013 (“Act”), SEBI (Listing Obligations and Disclosure Requirements Regulations, 2015 (“SEBI Listing Regulations”) and the aforesaid MCA Circulars, the 33[rd] Annual General Meeting of the Members of the Company will be held on Tuesday 29[th] September, 2020 at 3.00

p.m. through VC/OAVM in lieu of physical meeting and purporting same, the Board has approved AGM notice in their meeting held today particularly with respect to the mode of AGM.

1. the Register of Members and Share transfer Books of the Company will remain closed from Wednesday September 23, 2020 to Tuesday, September 29, 2020 (Both days inclusive) for taking record of the Members of the Company for the purpose of Annual General Meeting, E-Voting.

Birla Precision Technologies Limited

Regd. Office: 23, Birla Mansion No. 2, 1st Floor, D. D. Sathe Marg, Prarthana Samaj, Mumbai 400 004 Tel.: +91 022-23867498

E-mail : info@birlaprecision.com Website : www.birlaprecision.com An ISO 9001:2000 & ISO 14001:2004 Company CIN: L29220MH1986PLC041214

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1. Pursuant to the provisions of Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014 the Company shall provide its members the facility to exercise their votes electronically for transacting all the items of business as set out in the Notice of the Annual General Meeting.

2. For the aforesaid purpose, the Company has fixed Tuesday, September 22, 2020 as the cut-off date to determine the entitlement of voting rights of members through e-voting.

3. Pursuant to MCA General Circular No. 20/2020 dated 5th May, 2020 and SEBI Circular dated 12 May 2020, Annual Report containing Financial Statements, Boards Report, Auditors Report, Corporate Governance Report and other documents shall be sent only by email to members of the Company.

4. Considered & approved Employee Stock Option Scheme called as Birla Precision Technologies Limited Employee Stock Option Scheme 2020-A subject to approval of shareholders.

5. Considered & Approved the appointment of Ms. Yahika Jain as Non-Executive, Independent Director. Brief profile of Ms. Jain is annexed as Annexure: A

6. Considered & approved incorporation of wholly owned subsidiary at Germany in the name & style of Birla Precision Technologies GMBH(proposed Name). Details of the same is annexed as Annexure: B

The Board Meeting commenced on 11:30 am and concluded on 06:40 p.m.

Kindly take the same on your records & oblige.

Thanking you,

Your faithfully,

For Birla Precision technologies Limited

VEDAN Digitally signed by VEDANT BIRLA Date: 2020.08.31 T BIRLA 18:42:46 +05'30'

Vedant Birla Chairperson cum Managing Director

Birla Precision Technologies Limited

Regd. Office: 23, Birla Mansion No. 2, 1st Floor, D. D. Sathe Marg, Prarthana Samaj, Mumbai 400 004 Tel.: +91 022-23867498

E-mail : info@birlaprecision.com Website : www.birlaprecision.com An ISO 9001:2000 & ISO 14001:2004 Company CIN: L29220MH1986PLC041214

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ANNEXURE-A

Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended, relating to appointment:

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Disclosure requirement Details
a) Reason for change viz. Appointment, Appointment as additional Director
Resignation, Removal, Death or
otherwise
b) Date of appointment & term of Appointment w.e.f. 31.08.2020
appointment
c) Brief profile (in case of appointment) Ms. Yashika Jain, is Masters in
Commerce, and having knowledge in
accounts& Commerce.
d) Disclosure of relationships between Ms. Yashika Jain is not related to any
Directors director of the Company
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For Birla Precision Technologies Limited

VEDAN Digitally signed by VEDANT BIRLA Date: 2020.08.31 T BIRLA 18:43:08 +05'30'

Vedant Birla

Chairperson cum Managing Director

Birla Precision Technologies Limited

Regd. Office: 23, Birla Mansion No. 2, 1st Floor, D. D. Sathe Marg, Prarthana Samaj, Mumbai 400 004 Tel.: +91 022-23867498

E-mail : info@birlaprecision.com Website : www.birlaprecision.com An ISO 9001:2000 & ISO 14001:2004 Company CIN: L29220MH1986PLC041214

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Annexure: -B

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S. N. PARTICULAR DETAILS
01. Proposed Name(s) of proposed Company Birla Precision Technologies
GMBH
02. Amount of Investment by BPTL Euro 25000 (Tentative)
03. Nature of the Transaction Related Party (100% Subsidiary of
BPTL)
04. Activity which is to be carried by the Trading of Automotive
proposed Company Components & Cutting Tools
05. Object & Effect of Investment Expansion of Business
06. Nature of Consideration Cash Consideration
07. % of holding of BPTL 100%
08. Name of the Person who is Authorised Mr. Ayushman Reddy
on behalf of the Company to look after
incorporation. (proposed) Mr. Bhawar Singh Goar
09. Indicative time period for completion of 6Month
acquisition/incorporation
10. Any other Governmental Approval needs to be taken
(Germany)approvals pending/ to be
taken
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For Birla Precision Technologies Limited

VEDAN Digitally signed by VEDANT BIRLA T BIRLA Date: 2020.08.31 18:43:26 +05'30' Vedant Birla Chairperson cum Managing Director

Birla Precision Technologies Limited

Regd. Office: 23, Birla Mansion No. 2, 1st Floor, D. D. Sathe Marg, Prarthana Samaj, Mumbai 400 004 Tel.: +91 022-23867498

E-mail : info@birlaprecision.com Website : www.birlaprecision.com An ISO 9001:2000 & ISO 14001:2004 Company CIN: L29220MH1986PLC041214