Hind Rectifiers Ltd. — Proxy Solicitation & Information Statement 2024

Dec 5, 2024

Hind Rectifiers Limited Website : www.hirect.com

Ref. No. HIRECT/SEC/2024-25/47 December 5, 2024

Registered Office Address : Lake Road, Bhandup (W), Mumbai - 400078. Tel. : +91-22-49601775 ® Email : corporate@hirect.com / marketing@hirect.com 7 ; a CIN : L28900MH1958PLC011077

To, To, The Manager, The Manager, Corporate Services, Corporate Services, Mumbai - 400 001 Maharashtra Bandra (E), Mumbai - 400 051

BSE Limited, National Stock Exchange of India Limited, 14 Floor, P J Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex,

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

Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015-Notice of Postal Ballot (including remote e-voting)

Dear Sir/ Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the copy of Postal Ballot Notice dated October 30, 2024, which is being sent to the Members through only electronic mode, today, i.e., on December 5, 2024.

In compliance with MCA Circulars, this postal ballot notice is being sent only through electronic mode to those members whose email addresses are registered with the Company/ RTA/Depositories and whose names are recorded in the Register of Members of the Company or in the Register of Beneficial Owners maintained by the Depositories as on the Cut-off date i.e. Friday, November 29, 2024.

The Company has engaged National Securities Depository Limited to offer e-voting facility to all its members to enable them to cast their votes electronically only.

The e-voting period will commence from 9:00 am (IST) on Friday, December 6, 2024 and ends at 5:00 pm (IST) on Saturday, January 4, 2025. The e-voting module shall be disabled by NSDL thereafter. Voting rights of the Members shall be in proportion to the shares held by them in the paid-up equity share capital of the Company as on the Cut-off date. Please note that communication of assent or dissent of the Members would take place only through the remote e-voting system. The instructions for remote e-voting are provided in the Notice.

The said Postal Ballot Notice will also be made available on the website of the Company.

This is for your information and records.

Thanking you,

Yours Faithfully,

For Hind Rectifiers Limited

Meruskys Axsbibe

Meenakshi Anchlia Company Secretary & Compliance Officer M. No. A30545

Place: Mumbai

Encl: as above

¥ ' Hind Rectifiers Limited Website : www.hirect.com

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

POSTAL BALLOT NOTICE

® % ' z	Registered Office : Lake Road, Bhandup (W), Mumbai - 400078. Address : +91-22-49601775 Tel. : corporate@hirect.com / marketing@hirect.com Email L28900MH1958PLC011077 CIN
Hind Limited Rectifiers POSTAL BALLOT NOTICE	: : www.hirect.com Website
VOTING STARTS ON	VOTING ENDS ON
	Friday, December 6, 2024 at 09:00 a.m. IST Saturday, January 4, 2024 at 05:00 p.m. IST

Dear Members,

Notice is hereby given pursuant to Section 110 read with Section 108 of the Companies Act, 2013 ("the Act"), read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014 ("Rules") and other applicable provisions of the Act and the Rules (including any statutory modifications or re-enactment thereof for the time being in force and as amended from time to time) read with the General Circular Nos. 14/2020 dated 8» April 2020, 17/2020 dated 13 April 2020, 10/2021 dated 23"4 June 2021, 03/2022 dated 5 May 2022, 11/2022 dated 28 December 2022, 09/2023 dated 25' September 2023, 09/2024 dated 19tt September 2024 and other relevant circulars and notifications issued by the Ministry of Corporate Affairs (hereinafter collectively referred to as "the MCA Circulars"), Secretarial Standard on General Meetings issued by The Institute of Company Secretaries of India ("SS-2"), Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), read with all other applicable provisions under the said Regulations and the Circulars, Notifications and Rules issued thereunder by the Securities and Exchange Board of India (including any statutory modifications or re-enactment thereof for the time being in force and as amended from time to time), that the Resolutions as set out in this Notice to transact the special business as set out hereunder by passing Special Resolutions, by the means of Postal Ballot through remote e-voting (voting electronically only).

In compliance with the MCA Circulars and pursuant to other applicable laws and Regulations, this Postal Ballot Notice ("Notice") is being sent only in electronic form to those Members whose e-mail addresses are registered with Hind Rectifiers Limited ("Company")/Depositories/RTA to enable them to cast their votes electronically. Accordingly, physical copy of the Notice along with Postal Ballot Form and pre-paid business reply envelope are not being sent to the Members. The instructions for remote evoting are appended to this Notice.

Pursuant to Sections 102 and 110 of the Act, the Explanatory Statement pertaining to the said Resolutions setting out the material facts and the reasons thereof is annexed to this Postal Ballot Notice.

The Notice will also be placed on the website of the Company at www.hirect.com and on the website of National Securities Depository Limited ("NSDL") at Perfectly Engineered Power Conversion Systems

www.evoting.nsdl.com. The Notice can also be accessed from the website of the Stock Exchanges i.e. BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE") at www. bseindia.com and www.nseindia.com respectively.

The Board of Directors has appointed Mr. Mahesh Soni (Membership No. 3706) or in his absence Ms. Sonia Chettiar (Membership No. 27582), partner of M/s GMJ & Associates, Practicing Company Secretaries, Mumbai as the Scrutinizer for conducting the postal ballot only through the remote e-voting process and for scrutinizing the votes cast therein, in a fair and transparent manner.

In accordance with the provisions of the MCA Circulars, and other applicable laws and regulations, Members can vote only through the remote e-voting process. Accordingly, the Company is pleased to offer remote e-voting facility to all its members to cast their votes electronically. Members can vote only through the remote e-voting process. Members are requested to read the instructions in the Notes forming part of this Notice to cast their vote electronically through the remote e-Voting process which commences from Friday, December 6, 2024 at 9:00 a.m. (IST) and concludes on Saturday, January 4, 2025 at 5:00 p.m. (IST). The remote e-voting will be disabled by NSDL thereafter.

The Scrutinizer will submit the report to the Chairman of the Company or in his absence any other Director or the Company Secretary, upon completion of the scrutiny of the votes cast through remote e-voting. The results of the Postal Ballot will be announced by the Chairman of the Company or any other Director or by the Company Secretary, on or before Monday, January 6, 2025.

The said results along with the Scrutinizer's Report would be intimated to BSE and NSE, where the Equity Shares of the Company are listed. The results will also be uploaded on the Company's website at www.hirect.com and on the website of NSDL at http:/ /www.evoting.nsdl.com/.

In the event the resolutions are passed by requisite majority, the date of passing the resolution shall be deemed to be on Saturday, January 4, 2025, viz. last date specified by the Company for e-voting.

SPECIAL BUSINESS ITEM NO. 1 INCREASE IN BORROWING LIMITS FROM RS. 250 CRORES TO RS. 400 CRORES

To consider and, if thought fit, to pass the following resolution as a Special Resolution:

"RESOLVED THAT in supersession of the resolution passed by the members at the Annual General Meeting of the Company held on August 8, 2019 and pursuant to the provisions of Section 180(1)(c) and all other applicable provisions, if any, of the Companies Act, 2013 read with rules, if any, made there under (including any statutory modification(s) or re-enactment(s) thereof for the time being in force) and the Articles of Association of the Company, the consent of the members of the Company be and is hereby

accorded to the Board of Directors (including any Committee or delegated authority thereof) to borrow any sum or sums of money, in Indian Rupees and/or in any foreign currency from time to time, at its discretion, from Financial Institution(s) and/or Bank(s) and/or Institutional Investor(s) and/or Body Corporate and/or foreign lender(s) and/or entity(s), etc. on such terms and conditions, with or without security as the Board of Directors may think fit for the purpose of the business of the Company or for such other approved purpose and that the money borrowed together with the money already borrowed by the Company (apart from temporary loans obtained/to be obtained from the Company's Bankers in the ordinary course of business) shall not, at any time exceed Rs. 400 crores (Rupees Four Hundred crores)."

"RESOLVED FURTHER THAT for the purpose of giving effect to this resolution, the Board be and is hereby authorized to finalize, settle and execute such documents/deeds/ writings/agreements as may be required and to do all such acts, deeds, matters and things, as it may in its absolute discretion deemed necessary, proper or desirable and to settle any question, difficulty or doubt that may arise in regard and also to delegate all or any of the above powers to the Directors or the Key Managerial Personal of the Company and generally to do all acts, deeds and things that may be necessary, proper, expedient or incidental for the purpose of giving effect to the aforesaid resolution."

ITEM NO. 2 APPROVAL FOR CREATION OF MORTGAGE AND/OR CHARGE ON ALL OR ANY OF THE MOVABLE AND/OR IMMOVABLE PROPERTIES OF THE COMPANY

To consider and, if thought fit, to pass the following resolution as a Special Resolution:

"RESOLVED THAT in supersession of the resolution passed by the members at the Annual General Meeting of the Company held on August 8, 2019 and subject to Section 180(1)(a) and other applicable provisions if any, of the Companies Act, 2013 and relevant rules made thereto including any statutory modifications or re-enactments thereof, consent of the members of the Company be and is hereby accorded, to the Board of Directors of the Company (including any Committee or delegated authority thereof) to pledge, mortgage, hypothecate and/or charge all or any part of the moveable or immovable properties of the Company and the whole or part of the undertaking of the Company of every nature and kind whatsoever and/or creating a floating charge in all or any movable or immovable properties of the Company and the whole of the undertaking of the Company, in addition to the existing charges mortgages and hypothecations created by the Company, to or in favour of banks, financial institutions, investors and any other lenders to secure the amount borrowed by the Company or any third party from time to time for the due payment of the principal and/or together with interest, charges, costs, expenses and all other monies payable by the Company or any third party in respect of such borrowings provided that the aggregate indebtedness secured by the assets of the Company shall not exceed a sum of Rs. 400 crore (Rupees Four Hundred Crore only) for the Company."

"RESOLVED FURTHER THAT for the purpose of giving effect to this resolution, the Board be and is hereby authorized to finalize, settle and execute such documents/deeds/ writings/agreements as may be required and to do all such acts, deeds, matters and things, as it may in its absolute discretion deemed necessary, proper or desirable and to settle any question, difficulty or doubt that may arise in regard and also to delegate all or any of the above powers to the Directors or the Key Managerial Personnel of the Company and generally to do all acts, deeds and things that may be necessary, proper, expedient or incidental for the purpose of giving effect to the aforesaid resolution."

By the Order of the Board For Hind Rectifiers Limited

Sd/- Meenakshi Anchlia Place: Mumbai M. No. A30545

Company Secretary Date: October 30, 2024

Registered Office: Hind Rectifiers Limited Lake Road, Bhandup West Mumbai 400078 Maharashtra Tel No.: +91-022-49601775 Website: www.hirect.com

EXPLANATORY STATEMENT IN RESPECT OF THE SPECIAL BUSINESSES PURSUANT TO SECTION 102 OF THE COMPANIES ACT, 2013

Item No(s). 1 and 2

The members of the Company, through a special resolution passed at the 61s Annual General Meeting held on August 8, 2019, had accorded their consent to the Board of Directors to borrow any sum or sums of money exceeding the aggregate of the paid-up share capital and free reserves of the Company (excluding temporary loans obtained from the Company's bankers in the ordinary course of business), provided that the total borrowing does not exceed Rs. 250 Crores (Rupees Two Hundred Fifty Crores only).

The Company continues to explore various growth opportunities, which necessitate the availability of adequate resources for activities such as capital expenditure, working capital requirements, and business expansion. To support its growth plans, including increased production and expansion, it is prudent for the Company to have the necessary enabling approvals in place to meet its funding requirements. These requirements may necessitate raising debt, which could exceed the current approved borrowing limit of Rs. 250 Crores (Rupees Two Hundred Fifty Crores only).

Accordingly, it is proposed to revise the overall borrowing limits of the Company, allowing the total amount borrowed, together with the money already borrowed by the Company, to exceed the aggregate of its paid-up share capital and free reserves (excluding temporary loans obtained from the Company's bankers in the ordinary course of business), up to a maximum limit of Rs. 400 Crores (Rupees Four Hundred Crores only).

The borrowings of the Company may, if necessary, be secured by way of charge, mortgage, pledge, or hypothecation on the Company's assets, including, in addition to existing charges, the movable and immovable, tangible and intangible properties of the Company, whether present or future, in favor of the lender(s), agent(s), or trustee(s) from time to time. The security interests may be created in such form, manner, and ranking as specified in the resolutions at items 1 and 2. The documents relating to the charge, mortgage, pledge, or hypothecation in favor of the lender(s), agent(s), or trustee(s) may include provisions allowing the lender(s) to take over the substantial assets of the Company under certain circumstances, with the power to assume control over the management of the Company's business and affairs. Such actions may be regarded as a disposal of the Company's undertaking(s) within the meaning of Section 180(1)(a) of the Companies Act, 2013.

By the special resolution passed on August 8, 2019, the members had accorded their consent to the Board of Directors for the creation of mortgages, charges, and other security interests to secure borrowings up to Rs. 250 Crores (Rupees Two Hundred Fifty Crores only), in accordance with Section 180(1)(c) of the Companies Act, 2013.

In order to increase the previously approved limit to Rs. 400 Crores (Rupees Four Hundred Crores only), the Directors recommend the passing of a special resolution for the creation of security to secure borrowings up to this revised limit, for approval by the members. As per Section 180(1)(a) of the Companies Act, 2013, the Board of Directors of the Company shall exercise the power to sell, lease, or otherwise dispose of the whole or substantially the whole of the undertaking of the Company only with the consent of the Company, through a Special Resolution.

The resolutions set out in Item Nos. 1 and 2 of the accompanying Notice seek the consent of the members by way of Special Resolutions for increasing the borrowing limits and the creation of mortgages, charges, and other security interests thereon. Additionally, the resolutions aim to authorize the Board of Directors (including any Committee or delegated authority thereof authorized for the purpose) to complete all necessary formalities in connection with these matters.

None of the Directors, Key Managerial Personnel of the Company, or their relatives are, in any way, concerned or interested, financially or otherwise, in the resolutions, except to the extent of their shareholding.

The Board accordingly recommends the Special Resolutions set out in Item Nos. 1 and 2 of the Notice for approval by the members of the Company.

By the Order of the Board For Hind Rectifiers Limited

Sd/- Meenakshi Anchlia Place: Mumbai M. No. A30545

Company Secretary Date: October 30, 2024

Registered Office: Hind Rectifiers Limited Lake Road, Bhandup West Mumbai 400078 Maharashtra Tel No.: +91-022-49601775 Website: www.hirect.com

NOTES:

1. The Explanatory Statement pursuant to Section 102 read with Section 110 of the Act read with Rules, each as amended, setting out the material facts and necessary disclosures pertaining to the aforesaid Resolutions are annexed hereto and forms part of the Notice.

2. In compliance with the MCA Circulars and Rules made thereunder, this Notice is being sent electronically only to the Members whose names appear in the Register of Members/List of Beneficial Owners as received from NSDL and Central Depository Services Limited (CDSL) and whose e-mail addresses are registered and are available with the Company/the Company's Registrar and Transfer Agents viz., Adroit Corporate Services Private Limited ("RTA") /Depositories as at 05:00 p.m. (IST) on Friday, November 29, 2024 ("Cut-Off date"). In accordance with the aforesaid MCA Circulars, physical copy of the Notice along with the Postal Ballot Form and pre-paid business reply envelop will not be sent to the Members for this Postal Ballot. The voting rights shall be reckoned on the paid-up value of shares registered in the name(s) of the Member(s) as on the Cut-Off date. A person who is not a Member as on the Cut-Off date should treat this Notice for information purposes only.

3. A copy of this Notice is also available on the website of the Company at www.hirect.com, the relevant section of the websites of the stock exchanges viz. BSE: www.bseindia.com and NSE: www.nseindia.com where the equity shares of the Company are listed and on the website of NSDL: www.evoting.nsdl.com.

4. Members may follow the below steps to register e-mail address for receiving the Postal Ballot Notice:

Registration of e-mail addresses permanently with Company/Depository Participants: Members are requested to register the same with their concerned Depository Participants, in respect of electronic holding and with RTA, in respect of physical holding, by writing to them at info@adroitcorporate.com along with the copy of the signed request letter in Form ISR-1 mentioning the name and address of the Member, self-attested copy of the PAN card, and self-attested copy of any document (eg. Driving License, Election Identity Card, Passport) in support of the address of the Member.

Further, those Members who have already registered their e-mail addresses are requested to keep their e-mail addresses validated/ updated with their Depository Participants/ RTA to enable servicing of notices/documents/annual reports and other communications electronically to their e-mail address in future.

Members may also send an e-mail request to evoting@nsdl.com along with the following documents for procuring User ID and password for e-voting for the Resolutions set out in this Notice:

(i) In case shares are held in physical form, please provide Folio No., name of the shareholder, scanned copy of the share certificate (front and back), self-attested scanned copy of PAN card, and self-attested scanned copy of Aadhaar Card.

(ii) In case shares are held in Demat form, please provide DP [D-Client ID (16-digit DPID + CLID or 16-digit Beneficiary ID), Name, client master or copy of consolidated account statement, self-attested scanned copy of PAN card, and self-attested scanned copy of Aadhaar Card. If you are an individual shareholder holding securities in Demat mode, you are requested to refer to the login method explained under procedure for e-Voting.

1. Members are requested to register/update their e-mail address in order to receive this Postal Ballot Notice. Members who update their e-mail address after the Cut-Off date are requested to communicate the same to the RTA/the Company by sending an e-mail to info@adroitcorporate.com or investors@hirect.com.

2. Those Members who have already registered their e-mail address are requested to keep their e-mail address validated with their Depository Participants/Company/RTA to enable servicing of notices/documents/annual reports and other communications electronically to their e-mail address in future.

3. In compliance with the MCA Circulars and the provisions of Sections 108 and 110 of the Act, read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, other applicable provisions of the Act and the Rules and other applicable laws, Rules and Regulations (including any statutory modification(s) or re-enactment(s) thereof for the time being in force and as amended from time to time), the Members can cast their votes on the Resolutions listed out in the Notice through electronic voting i.e., remote e-Voting only. The detailed procedure for remote e-Voting is listed down in the e-

Hind Rectifiers Limited Voting section. The Company has engaged the services of NSDL for facilitating remote e-Voting to enable the Members to cast their votes electronically.

1. The remote e-Voting shall commence on Friday, December 6, 2024 at 9:00 a.m. (IST) and conclude on Saturday, January 4, 2025 at 5:00 p.m. (IST). The remote e-Voting module shall be disabled by NSDL thereafter and voting shall not be allowed beyond 05:00 p.m. (IST) on Saturday, January 4, 2025. Members are requested to cast their votes on or before the said date and time in order to consider the votes as valid. During this period, Members of the Company holding shares either in physical or electronic form, as on the Cut-Off date, i.e., November 29, 2024, shall be eligible to cast their vote electronically.

2. Once the vote on the Resolutions is cast by the Members, the Members shall not be allowed to change it subsequently.

3. The Resolutions as stated in the Notice, if approved by the Members with requisite majority shall be deemed to have been passed as on the last date for remote e-Voting ie., Saturday, January 4, 2025.

4. The Board of Directors of the Company has appointed Mr. Mahesh Soni (Membership No. 3706) and failing him Ms. Sonia Chettiar (Membership No. 27582), of M/s GMJ & Associates, Practicing Company Secretaries, as the Scrutinizer who are not in the employment of the Company, for conducting the Postal Ballot only through the remote evoting process and scrutinizing the votes cast therein, in a fair and transparent manner. The Scrutinizer has given the willingness/consent for engagement in the Postal Ballot exercise.

5. The Scrutinizer shall, consequent to the completion of the voting period, scrutinize the votes cast and shall submit the report to the Chairman of the Company or any director or the Company Secretary and results in connection with the voting shall be declared by the Chairman or any director or the Company Secretary, who will acknowledge the receipt of the same and declare the results of the e-Voting on or before Monday, January 6, 2025

6. The results declared along with the Scrutinizer's Report shall also be made available on the website of the Company at www.hirect.com and on the website of NSDL at http://www.evoting.nsdl.com/. The results shall also be communicated to the stock exchanges viz., BSE and NSE and the same shall be available on their respective websites. The results shall also be displayed on the notice board at the Registered Office of the Company.

PROCEDURE FOR E-VOTING

How do I vote electronically using NSDL e-Voting system?

The way to vote electronically on NSDL e-Voting system consists of "Two Steps" which are mentioned below:

Step 1: Access to NSDL e-Voting system

(A) Login method for e-Voting for Individual shareholders holding securities in demat mode

In terms of SEBI circular dated December 9, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are advised to update their mobile number and email Id in their demat accounts in order to access e-Voting facility.

demat mode is Login method shareholders for individual holding given securities in below:
Type	of Login Method
shareholders
Individual	1. Existing IDeAS user can visit the e-Services website of NSDL Viz.
shareholders	computer https://eservices.nsdl.com personal either on on or a a
	holding securities mobile. On the e-Services home page click on the "Beneficial Owner"
in demat mode	icon under "Login" which is available under 'IDeAS' section, this
with NSDL.	will prompt you to enter your existing user id and password. After successful authentication, you will be able to see e-Voting services under value added services. Click on "Access to e-Voting" under e Voting services and you will be able to see e-Voting page. Click on company name or e-Voting service provider i.e. NSDL and you will of NSDL e-Voting website be re-directed to casting your vote for during the remote e-Voting period.
	2. If you are not registered for IDeAS e-Services, option to register is Select "Register Online for available at https://eservices.nsdl.com. IDeAS Portal" click or at https:/ /eservices.nsdl.com/SecureWeb/IdeasDirectReg jsp
	3. Visit the e-Voting website of NSDL. Open web browser by typing https://www.evoting.nsdl.com/ following URL: either on the a personal computer or on a mobile. Once the home page of e-Voting system is launched, click on the icon "Login" which is available under 'Shareholder/Member' new You screen open. section. A will will demat have your your account sixteen-digit enter user ID (ie. to number hold with NSDL), Password/OTP and a verification code as shown successful authentication, you After on screen. the will be NSDL Depository site wherein you can see e-Voting redirected to

page. Click on company name or e-Voting service provider i.e. NSDL and you will be redirected to e-Voting website of NSDL for casting your vote during the remote e-Voting period.

Shareholders/Members can also download NSDL Mobile App "NSDL Speede" facility by scanning the QR code mentioned below for seamless voting experience.

NSDL Mobile App is available on

Individual 1. Users who have opted for CDSL Easi/Easiest facility, can login Shareholders through their existing user ID and password. Option will be made holding securities | available to reach e-Voting page without any further authentication. in demat mode The users to login Easi/Easiest are requested to visit CDSL website with CDSL www.cdslindia.com and click on login icon & new system Myeasi tab and then use your existing my easi username & password.

1. After successful login the Easi/ Easiest user will be able to see the e-Voting option for eligible companies where the e-Voting is in progress as per the information provided by company. On clicking the e-Voting option, the user will be able to see e-Voting page of the e-Voting service provider for casting your vote during the remote e-Voting period. Additionally, there is also links provided to access the system of all e-Voting Service Providers, so that the user can visit the e-Voting service providers' website directly.

2. If the user is not registered for Easi/Easiest, option to register is available at CDSL website www.cdslindia.com and click on login & new system Myeasi tab and then click on registration option.

3. Alternatively, the user can directly access e-Voting page by providing Demat Account Number and PAN no. from a e-Voting link available on www.cdslindia.com home page. The system will authenticate the user by sending OTP on registered mobile & email as recorded in the demat account. After successful authentication, user will be able to see the e-Voting option where the e-Voting is in progress and also able to directly access the system of all e-Voting service providers.

med ®		hirect.com
Rectifiers Limited You can also login using the login credentials of your demat account Individual through your Depository Participant registered with NSDL/CDSL for Shareholders e-Voting facility. upon logging in, you will be able to see e-Voting (holding e-Voting you redirected option. option, securities in Click on will be to NSDL/CDSL depository site after successful authentication, wherein demat mode) you can see e-Voting feature. Click on company name or e-Voting login through NSDL their depository service provider i.e. and you will be redirected to e-Voting website of NSDL for casting your vote during the remote e-Voting participants period.
Helpdesk individual for Login type		Important note: Members who are unable to retrieve user ID/ password are advised to use forget user ID and forget password option available at abovementioned website. mode demat shareholders holding any securities for in technical issues related to login through depository i.e. NSDL and CDSL. Helpdesk details
Individual		shareholders Members facing any technical issue in login can contact
holding securities in mode with NSDL	demat	NSDL helpdesk sending request by at a_ evoting@nsdl.com or call at 022 - 4886 7000
Individual shareholders holding securities in demat mode with CDSL		Members facing any technical issue in login can contact CDSL helpdesk by sending a request at helpdesk.evoting@cdslindia.com or contact at toll free no. 1800-21-09911

Login type	Helpdesk details
Individual	shareholders Members facing any technical issue in login can contact
holding demat securities in	NSDL helpdesk sending request by at a_
mode with NSDL	evoting@nsdl.com or call at 022 - 4886 7000
Individual shareholders	Members facing any technical issue in login can contact
holding securities in demat	CDSL helpdesk by sending a request at
mode with CDSL	helpdesk.evoting@cdslindia.com or contact at toll free

(B) Login Method for shareholders other than Individual shareholders holding securities in demat mode and shareholders holding securities in physical mode.

How to log-in to NSDL e-Voting website?

• 1. Visit the e-Voting website of NSDL. Open web browser by typing the following URL: https://www.evoting.nsdl.com/ either on a personal computer or on a mobile.
• 1. Once the home page of e-Voting system is launched, click on the icon "Login" which is available under 'Shareholder/ Member' section.
• 1. A new screen will open. You will have to enter your user ID, your password/OTP and a verification code as shown on the screen. Alternatively, if you are registered for NSDL eservices i.e. IDEAS, you can log-in at https://eservices.nsdl.com/ with your existing IDEAS login. Once you log-in to NSDL eservices after using your log-in credentials, click on e-Voting and you can proceed to Step 2 i.e. Cast your vote electronically.
• 1. Your user ID details are given below:

ri. Rectifiers Limited Hind
	Manner of holding shares i.e. Demat (NSDL or CDSL) or Physical	Your User ID is:
	For Members who hold shares in demat account with NSDL.	8 Character DP ID followed by 8 Digit Client ID
		For example, if your DP ID is IN300*** and
		your Client then 12** user ID ID is is IN3001 2",
	For Members who hold shares in demat account with CDSL.	16 Digit Beneficiary ID Hs example, your Beneficiary For ID is if your then user J] Deeb b ID is 1 DERRRRRRERER ERR
	Members holding shares For in Physical Form.	EVEN Number Number followed by Folio registered with the Company

• 1. Password details for shareholders other than individual shareholders are given below:
• a) If you are already registered for e-Voting, then you can user your existing password to login and cast your vote.
• b) If you are using NSDL e-Voting system for the first time, you will need to retrieve the 'initial password' which was communicated to you. Once you retrieve your 'initial password', you need to enter the 'initial password' and the system will force you to change your password.
• c) How to retrieve your 'initial password'?
  • (i) If your email ID is registered in your demat account or with the Company, your 'initial password' is communicated to you on your email ID. Trace the email sent to you from NSDL from your mailbox. Open the email and open the attachment ie. a .pdf file. Open the .pdf file. The password to open the .pdf file is your 8-digit client ID for NSDL account, last 8-digits of client ID for CDSL account or folio number for shares held in physical form. The .pdf file contains your "User ID' and your 'initial password'.
  • If your email ID is not registered, please follow steps mentioned below in process for those shareholders whose email IDs are not registered . (ii)

• 1. If you are unable to retrieve or have not received the "Initial password" or have forgotten your password:
• a) Click on "Forgot User Details/Password?" (If you are holding shares in your demat account with NSDL or CDSL) option available on www.evoting.nsdl.com.
• b) Physical User Reset Password?" (If you are holding shares in physical mode) option available on www.evoting.nsdl.com.
• c) If you are still unable to get the password by aforesaid two options, you can send a request at evoting@nsdl.com mentioning your demat account number/ folio number, your PAN, your name and your registered address etc.
• d) Members can also use the OTP (one time password) based login for casting the votes on the e-Voting system of NSDL.
• e) After entering your password, tick on agree to "Terms and Conditions" by selecting on the check box.
• f) Now, you will have to click on "Login" button.
• g) After you click on the "Login" button, Home page of e-Voting will open.

Step 2: Cast your vote electronically on NSDL e-Voting system.

How to cast your vote electronically on NSDL e-Voting system?

• 1. After successful login at Step 1, you will be able to see all the companies "EVEN" in which you are holding shares and whose voting cycle.
• 1. Select "EVEN" of company for which you wish to cast your vote during the remote e-Voting period.
• 1. Now you are ready for e-Voting as the voting page opens.
• 1. Cast your vote by selecting appropriate options i.e. assent or dissent, verify / modify the number of shares for which you wish to cast your vote and click on "Submit" and also "Confirm" when prompted.
• 1. Upon confirmation, the message "Vote cast successfully" will be displayed.
• 1. Youcan also take the printout of the votes cast by you by clicking on the print option on the confirmation page.
• 1. Once you confirm your vote on the resolution, you will not be allowed to modify your vote.

General Guidelines for shareholders

1. Institutional shareholders (ie. other than individuals, HUF, NRI etc.) are required to send scanned copy (PDF/JPG Format) of the relevant Board Resolution/ Authority letter etc. with attested specimen signature of the duly authorized signatory(ies) who are authorized to vote, to the Scrutinizer by e-mail to maheshsoni@gnjj.co.in with a copy marked to evoting@nsdl.com. institutional shareholders (i.e. other than

individuals, HUF, NRI etc.) can also upload their Board Resolution / Power of Attorney /Authority Letter etc. by clicking on"Upload Board Resolution/Authority Letter" displayed under "e-Voting" tab in their login.

• 1. It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential. Login to the e-Voting website will be disabled upon five unsuccessful attempts to key in the correct password. In such an event, you will need to go through the "Forgot User Details/ Password?" or "Physical User Reset Password?" option available on www.evoting.nsdl.com to reset the password.
• 1. In case of any queries, you may refer the Frequently Asked Questions (FAQs) for shareholders and e-voting user manual for shareholders available at the download section of www.evoting.nsdl.com or call on : 022 - 4886 7000 or send a request to Ms. Pallavi Mhatre, Senior Manager, NSDL, T301, 3rd Floor, Naman Chambers, G Block, Plot No- C-32,Bandra Kurla Complex, Bandra East, Mumbai- 400051, or e-mail: at evoting@nsdl.com
• 1. Members are requested to take note of the contact details for reaching out to the RTA as below:

Adroit Corporate Services Private Limited, 17-19, Jafferbhoy Ind. Estate, 1st Floor, Makwana Road, Marol Naka, Andheri (E), Mumbai 400059, India. Tel: +91 (0)22 42270400 email:info@adroitcorporate.com www.adroitcorporate.com

Process for those shareholders whose email IDs are not registered with the depositories for procuring user ID and password and registration of e-mail IDs for evoting for the resolutions set out in this notice:

• 1. In case shares are held in physical mode please provide Folio No., Name of shareholder, scanned copy of the share certificate (front and back), PAN (self-attested scanned copy of PAN card), AADHAR (self-attested scanned copy of Aadhar Card) by email to info@adroitcorporate.com or investors@hirect.com.
• 1. In case shares are held in demat mode, please provide DPID-CLID (16 digit DPID + CLID or 16 digit beneficiary ID), Name, client master or copy of Consolidated Account statement, PAN (self-attested scanned copy of PAN card), AADHAR (self-attested scanned copy of Aadhar Card) to info@adroitcorporate.com or investors@hirect.com. If you are an individual shareholder holding securities in demat mode, you are requested to refer to the login method explained at step 1 (A) i.e. Login method for e-Voting for individual shareholders holding securities in demat mode.

• 1. Alternatively, shareholder/members may send a request to evoting@nsdl.com for procuring user ID and password for e-Voting by providing above mentioned documents.
• 1. In terms of SEBI circular dated December 9, 2020 on e-Voting facility provided by Listed Companies, individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with depositories and depository participants. Shareholders are required to update their mobile number and email ID correctly in their demat account in order to access e-Voting facility.

By the Order of the Board For Hind Rectifiers Limited

Sd/- Meenakshi Anchlia Place: Mumbai M. No. A30545

Company Secretary Date: October 30, 2024

Registered Office: Hind Rectifiers Limited Lake Road, Bhandup West Mumbai 400078 Maharashtra Tel No.: +91-022-49601775 Website: www.hirect.com