Hind Rectifiers Ltd. — AGM Information 2023

Aug 23, 2023

CIN : L28900MH1958PLC011077 HIND RECTIFIERS LIMITED Website : www.hirect.com

Address : Lake Road, Bhandup (W), Mumbai - 400078. H Tel. 1 +91-22-25696789 Fax : +91-22-2564114 Email : corporate@hirect.com / marketing@hirect.com

Ref. No. HIRECT/SEC/2023-24/26 August 23, 2023

BSE Limited National Stock Exchange of India Limited Rotunda Building, "Exchange Plaza" 5% Floor, C-1, Block 'G' Phiroz Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai Bandra (East) Mumbai 400 051

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

400 001 Maharashtra

Sub: Proceedings of the 65" Annual General Meeting of the Company held on August 23,2023

Dear Sir/Madam,

The 65" Annual General Meeting (AGM) was held on August 23, 2023 at 11:00 am IST through Video Conferencing (VC)/Other Audio-Visual means (OAVM) to transact the business as stated in notice dated May 26, 2023 conveying the AGM.

We are enclosing herewith a summary of proceedings of the 651 Annual General Meeting of the Company as required under Regulation 30 of SEBI Listing Regulations.

Perfectly Engineered Power Conyersion Systems

Kindly acknowledge and take the same on record.

Thanking you,

Yours Faithfully,

For Hind Rectifiers Limited

Meenakshi Anchlia (Company Secretary & Compliance Officer)

Encl: As above

HIND RECTIFIERS LIMITED

SUMMARY OF THE PROCEEDINGS OF THE 65t ANNUAL GENERAL MEETING OF HIND RECTIFIERS LIMITED HELD ON WEDNESDAY, AUGUST 23,2023 AT 11:00 AM IST THROUGH VIDEO CONFERENCING (VC)/OTHER AUDIO-VISUAL MEANS (OAVM)

The 65t Annual General Meeting of the Members of the Company was held on Wednesday, August 23, 2023 at 11:00 am IST through video conferencing (VC)/ other audio-visual means (OAVM).

Total 50 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 through VC from their respective location except Mr. Pawan Golyan. The Chairman introduced and welcomed the Directors present at the meeting. The Chief Financial Officer, Joint Chief Financial Officer, Company Secretary, Statutory Auditor, and Secretarial Auditors were also present at the meeting.

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

This meeting has been convened and conducted in accordance with the circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India.

Ms. Meenakshi Anchlia, Company Secretary & Compliance Officer welcomed the Members to the Meeting and briefed them on details relating to their participation at the Meeting through VC.

The Register of Directors and Key Managerial Personnel and their shareholding and Register of Contracts in which Directors are interested, copy of Audited Financial Statement were available.

Since there was no physical attendance of Members and in compliance with the Circulars issued by the MCA and SEBI, Members were informed that the requirement of appointing proxies was not applicable.

The Chairman addressed the meeting and gave an overview of the business & operations and financial performance of the Company and its future outlook.

The Chairman informed the Members that the Report of the Board of Directors, the Accounts for the financial year ended March 31, 2023 and the Notice

convening the 650 AGM were taken as read as the same had already been circulated to the Members.

There were no qualifications, observations or adverse remarks in the reports of the Statutory Auditor and Secretarial Auditor.

It was informed that the facility for voting through the 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 65 Annual General Meeting were transacted at the meeting.

	S.No.	[Particulars	[Type of Resolution
	ORDINARY BUSINESS
	1.	Consider and adopt the Audited Financia!	(Ordinary Resolution
		Statement, Report of the Board of Directors
		land Auditors
	2.	[Re-appointment of Mr. Pawan Golyan, who	(Ordinary Resolution
		retires by rotation and, being eligible, offers
		himself for re-appointment.
\		ISPECIAL BUSINESS
	3.	remuneration Ratification Cost of to	Ordinary Resolution
		Auditors
	4.	/Appointment of Mr. Parimal Merchant as a	Ordinary Resolution
		INon-Executive Director of the Company
	5.	Re-appointment of Mr. Suramya Nevatia as	[Special Resolution
		CEO Managing (KMP) and Director & la
		approval of his remuneration
	6.	payment Approval of of	managerial [Special Resolution
		Suramya remuneration Nevatia, Mr. to Managing Director & CEO (KMP)
	7.	payment managerial /Approval of of Akshada iremuneration Nevatia,	Special Resolution
		Mrs. to [Executive Director

On the invitation of the Company Secretary, Members who had registered themselves as speakers addressed the meeting through VC/OAVM and sought clarifications on the Company's business and accounts. Mr. Suramya Nevatia, Managing Director & CEO (KMP) appropriately responded to the questions raised by them.

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

Post the question-and-answer session, the Chairman authorized Ms. Meenakshi Anchlia, Company Secretary & Compliance Officer to declare the results of the 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 and NSDL.

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 11:47 am IST (including the time allowed for e-voting at the AGM)

For Hind Rectifiers Limited

Meenakshi Anchlia (Company Secretary & Compliance Officer)