Hind Rectifiers Ltd. — AGM Information 2024

Aug 1, 2024

BSE Limited

Rotunda Building,

Phiroz Jeejeebhoy Towers, Dalal Street, Mumbai 400 001

Registered Office Address : Lake Road, Bhandup (W), Mumbai - 400078. Tel. : +91-22-49601775 Email : corporate@hirect.com / marketing@hirect.com CIN : L28900MH1958PLC011077 Website : www.hirect.com

Ref. No. HIRECT/SEC/2024-25/25

August 1, 2024

National Stock Exchange of India Limited "Exchange Plaza" 5t Floor, C-1, Block 'G, Bandra Kurla Complex, Maharashtra Bandra (East) Mumbai 400 051 Maharashtra

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

Subject: Proceedings of the 66'* Annual General Meeting of the Company held on August 1, 2024

Dear Sir/Madam,

The 66 Annual General Meeting (AGM) was held on August 1, 2024 at 12:30 PM IST through Video Conferencing (VC)/Other Audio-Visual means (OAVM) to transact the business as stated in notice dated May 28, 2024 conveying the AGM.

We are enclosing herewith a summary of proceedings of the 66 Annual General Meeting of the Company as required under Regulation 30 of SEBI Listing Regulations.

Kindly acknowledge and take the same on record.

Thanking you, Yours Faithfully,

For Hind Rectifiers Limited

Masnabrdis Arebhs Meenakshi Anchlia (Company Secretary & Compliance Officer)

Encl: As above

Hind Rectifiers Limited

SUMMARY OF THE PROCEEDINGS OF THE 66 ANNUAL GENERAL MEETING OF HIND RECTIFIERS LIMITED HELD ON THURSDAY, AUGUST 1, 2024 AT 12:30 PM IST THROUGH VIDEO CONFERENCING (VC)/OTHER AUDIO-VISUAL MEANS (OAVM)

The 66 Annual General Meeting of the Members of the Company was held on Thursday, August 1, 2024 at 12:30 PM IST through video conferencing (VC)/ other audiovisual means (OAVM).

Total 57 members attended the meeting as per the records of attendance.

Mr. Pradeep Goyal, Chairman of the Board, chaired the proceedings of the Meeting. The Chairman introduced and welcomed the Directors present at the meeting. All the Directors were present at the meeting. The Chief Financial Officer, Joint Chief Financial Officer, Company Secretary, Statutory Auditors, 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, 2024 and the Notice convening the 66" 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 Auditors and Secretarial Auditors. 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.

Hind Rectifiers Limited The Company has appointed Mr. Mahesh Soni or failing him Ms. Sonia Chettiar, Partners, 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 66 Annual General Meeting were transacted at the meeting.

		®
Hind	The	Rectifiers Limited Company Mahesh appointed has Mr. Soni	him Sonia Ms. failing or
		Partners, 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 66 Annual General
		Meeting were transacted at the meeting.
	S. No.	Particulars	Type of Resolution
		ORDINARY BUSINESS
	1.	Consider and adopt the Audited Financial Ordinary Resolution
		Board Statement, Reports the of of
		Directors and Auditors
	2.	Declaration of a dividend on Equity Shares} for the financial year ended March 31, 2024	Ordinary Resolution
	3.	Appointment Akshada Mrs. Nevatia,) of	Ordinary Resolution
		who retires by rotation and, being eligible,
		offers herself for re-appointment.
		SPECIAL BUSINESS
	4.	remuneration Ratification Cost) of to	Ordinary Resolution
		Auditors
	5.	Appointment of Mr. Vishal Pacheriwala as Special Resolution the Company. an Independent Director of

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 (e-voting). Post the Q & A 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 1:16 PM IST (including the time allowed for e-voting at the AGM)

For Hind Rectifiers Limited

Merrnabrdc Aire de hg

Meenakshi Anchlia (Company Secretary & Compliance Officer)