Hind Rectifiers Ltd. — AGM Information 2021

Aug 13, 2021

Address : Lake Road, Bhandup (W), Mumbai - 400078. Tel. : +91-22-25696789 Fax : +91-22-25964114 Email : corporate@hirect.com / marketing@hirect.com

Ref. No. HIRECT/SEC/2021-22/33 13 August 2021

Rotunda Building, India Limited Dalal Street, Mumbai 1, Block 'G' 400 001 Maharashtra Bandra Kurla Complex,

BSE Limited National Stock Exchange of Phiroz Jeejeebhoy Towers, "Exchange Plaza" 5th Floor, C-Bandra (East) Mumbai 400 051

Security Code No. 504036/HIRECT Type of Security: Equity

Sub: Proceedings of the 63'¢ Annual General Meeting of the Company held on 12 August ²⁰²¹

Dear Sir/Madam,

The 63'4 Annual General Meeting (AGM) was held on 12th August 2021 at 4:00 pm IST through Video Conferencing (VC)/Other Audio-Visual means (OAVM) to transact the business as stated in notice dated 10! June 2021 conveying the AGM.

We are enclosing herewith a summary of proceedings of the 634 Annual General Meeting of the Company as required under Regulation 30 of SEBI Listing Regulations.

We request you to take the above on records.

Thanking you,

Yours Faithfully,

For Hind Rec eect —

eenakshi Anchlia (Company Secretary & Compliance Officer)

Encl: As above

Perfectly Engineered. Power Conversion Systems

HIND RECTIFIERS LIMITED

SUMMARY OF THE PROCEEDINGS OF THE 6382 ANNUAL GENERAL MEETING OF HIND RECTIFIERS LIMITED HELD ON THURSDAY, 12th AUGUST, 2021 AT 4:00 PM IST THROUGH VIDEO CONFERENCING (VC)/OTHER AUDIO-VISUAL MEANS (OAVM)

The 63:4 Annual General Meeting of the Members of the Company was held on Thursday, the 12 August 2021 at 4:00 pm IST through Video Conferencing (VC)/Other Audio-Visual Means (OAVM).

Total 44 members attended the meeting as per the records of attendance. Mr. Pradeep Goyal, Chairman of the Board, chaired the proceedings of the

Meeting. All the Directors were present at the meeting except Mr. Pawan Golyan. The chairman introduced the Directors present to the Members. The Chief Financial Officer, Company Secretary, Statutory Auditors, and Secretarial Auditors were also present at the meeting.

The Chairman called the meeting to order as requisite quorum was present.

The Register of Directors and Key Managerial Personnel and _ their shareholding and Register of Contracts or Arrangements in which Directors are interested, copy of Audited Financial Statement are available. These will remain accessible to the members for inspection electronically, if they so desire.

The Chairman addressed the meeting and gave an overview of the business & operations and financial performance of the Company for the financial year ended 31st March, 2021 and its future outlook.

It was informed that in view of the restrictions due to outbreak of COVID-19 and considering the social distancing norms, the AGM was conducted through VC/OAVM. This meeting has been convened and being conducted in accordance with the circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India (SEBI).

The Chairman informed the Members that the Report of Board of Directors, the Accounts for the financial year ended 31st March, 2021 and the Notice convening the 88th AGM were taken as read as the same had already been circulated to the Members. As there were no qualifications in the Audit Report, it was not required to be read.

The Company has appointed Mr. Mahesh Soni Partner, M/s GMJ and Associates, Company Secretaries as Scrutinizer for the purpose of scrutinizing the process of remote e-voting held prior and e-voting during the AGM.

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It was informed that the facility for voting through e-voting system was made available during the Meeting for Members who had not cast their vote prior to the Meeting.
The Company has appointed Mr. Mahesh Soni Partner, M/s GMJ and Associates, Company Secretaries as Scrutinizer for the purpose of scrutinizing the process of remote e-voting held prior and e-voting during the AGM.
The following resolutions as set out in the Notice convening the 63rd Annual General Meeting were placed at the meeting.
S.No.	Particulars	Type of Resolution
	ORDINARY BUSINESS
1.	Consider and adopt the Financial Statement, Report of the Board of Directors and Auditors	Audited Ordinary Resolution
2.	Declaration of dividend for the ended March 31, 2021.	year Ordinary Resolution
3.	Re-appointment of Mr. Suramya who retires by rotation and, being eligible, offers himself for re-appointment.	Nevatia, Ordinary Resolution
SPECIAL BUSINESS
4.	remuneration Ratification of to Auditors	Cost Ordinary Resolution
5.	Re-Designation of Mr. Vandan Shah as an Ordinary Resolution Independent Director

On the invitation of the Chairman, Member who had registered himself as speakers, addressed the meeting through VC/ OAVM and sought clarifications on the Company's business and accounts. Mr. A.K. Nemani, Chief Financial Officer responded to the queries of the Members and provided clarifications.

Thereafter, the Chairman announced for voting to be taken electronically (e-voting).

The e-voting results along with the Scrutinizer Report shall be informed to the Stock Exchanges and also be placed on the website of the Company, CDSL, and Stock Exchanges.

The Chairman announced that all the business set out in the Notice of the meeting had been concluded and a time period of 15 minutes would be available for voting at the meeting after which the meeting will stand closed.

The Chairman on behalf of the Board proposed thanks to all the shareholders.

The meeting concluded at 4:45 pm IST (including time allowed for e-voting at the AGM)

For Hind Rectifiers Limited Meerak

Meenakshi Anchlia (Company Secretary & Compliance Officer)