Hind Rectifiers Ltd. — AGM Information 2025

Jul 29, 2025

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Ref. No. HIRECT/SEC/2025-26/32

July 29, 2025

BSE Limited National Stock Exchange of India Rotunda Building, Limited Phiroz Jeejeebhoy Towers, “Exchange Plaza” 5t Floor, C-1, Dalal Street, Mumbai 400 001 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 67[th] Annual General Meeting of the Company held on July 29, 2025

Dear Sir/Madam,

The 67[th] Annual General Meeting (AGM) was held on July 29, 2025 at 1:05 PM IST through Video Conferencing (VC)/Other Audio-Visual means (OAVM) to transact the business as stated in notice dated May 5, 2025 conveying the AGM.

We are enclosing herewith a summary of proceedings of the 67[th] Annual General Meeting of the Company as required under Regulation 30 of SEBI Listing Regulations, 2015.

Kindly acknowledge and take the same on record.

Thanking you, Yours Faithfully,

For Hind Rectifiers Limited

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Meenakshi Anchlia (Company Secretary & Compliance Officer)

Encl: As above

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SUMMARY OF THE PROCEEDINGS OF THE 67[th] ANNUAL GENERAL MEETING OF HIND RECTIFIERS LIMITED HELD ON TUESDAY, JULY 29, 2025 AT 1:05 PM IST THROUGH VIDEO CONFERENCING (VC)/OTHER AUDIO-VISUAL MEANS (OAVM)

The 67[th] Annual General Meeting of the Members of the Company was held on Tuesday, July 29, 2025 at 1:05 PM IST through video conferencing (VC)/other audio-visual means (OAVM).

Total 54 members attended the meeting as per the records of attendance.

Mr. Suramya Nevatia, 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, 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, the Register of Contracts in which Directors are interested, and a copy of the Audited Financial Statements were made 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.

It was informed the Members that the Report of the Board of Directors, the Accounts for the financial year ended March 31, 2025 and the Notice convening the 67[th] 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.

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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 67[th] Annual General Meeting were transacted at the meeting.

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S. No. Particulars Type of Resolution
ORDINARY BUSINESS
1. Consider and adopt the Audited Financial Ordinary Resolution
Statements (standalone and consolidated),
Reports of the Board of Directors and
Auditors
2. Declaration of a dividend on Equity Shares Ordinary Resolution
for the financial year ended March 31, 2025
3. Appointment of Mr. Parimal Merchant, Ordinary Resolution
who retires by rotation and, being eligible,
offers himself for re-appointment.
SPECIAL BUSINESS
4. Ratification of remuneration to Cost Ordinary Resolution
Auditors
5. Re-appointment of Mrs. Ashlesha Bodas as Special Resolution
an Independent Director of the Company.
6. Re-appointment of Mr. Vandan Shah as an Special Resolution
Independent Director of the Company.
7. Re-appointment of Mrs. Akshada Nevatia Special Resolution
as an Executive Director of the Company.
8. Appointment of Secretarial Auditors of the Ordinary Resolution
Company
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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, Chairman & Managing Director (CEO - KMP) and Mr. A. K. Nemani, Chief Financial Officer 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.

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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 1:45 PM IST (including the 15 minutes time allowed for e-voting at the AGM)

For Hind Rectifiers Limited

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Meenakshi Anchlia (Company Secretary & Compliance Officer)

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