Palred Technologies Limited — Board/Management Information 2024

Aug 30, 2024

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To Date: 30.08.2024

The Manager BSE Limited P. J. Towers, Dalal Street, Mumbai – 400001. BSE Scrip code:532521	The Manager, NSE Limited, Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai- 400051. NSE Scrip code:PALREDTEC

Dear Sir/Madam,

Sub: Outcome of board meeting under regulation 30 read with 33 (3) (c) of SEBI (Listing Obligations and Disclosure requirements) regulations, 2015

Unit: Palred Technologies Limited

With reference to the subject cited, this is to inform the Exchange that at the Board meeting of M/s. Palred Technologies Limited held on Friday, the 30[th] day of August, 2024 at 12.30 p.m. through video conferencing the following were duly considered and approved by the Board.

1. Recommended for the approval of the members, appointment of Ms. Stuthi Reddy (DIN: 07072774) who retires by rotation and being eligible, offers herself for reappointment

2. Appointment of M/s. M S K C & Associates. Chartered Accountants as the Statutory Auditors of the Company w.e.f., 30.08.2024, in place of retiring Auditors M/s. MSKA & Associates., for a period of 5 (Five) consecutive years from the conclusion of the 25th Annual General Meeting till the conclusion of the 30 Annual General Meeting, pursuant to the recommendation of Audit Committee and subject to approval in ensuing Annual General Meeting.

3. Approval of the AGM Notice and Director's Report for the year ended March 31[st] , 2024 along with Annexures thereto.

4. Convening the 25[th] Annual General Meeting of the members of Company on Wednesday, the 25[th] Day of September 2024 at 2 P.M. to be held through Video Conferencing (“VC”)/Other Audio-Visual Means (“OAVM”). The venue of the AGM shall be deemed to be the Registered Office of the Company.

5. Pursuant to recommendations of the Audit Committee, Approval of Material Related Party Transactions with Palred Electronics Private Limited subject to approval in ensuing Annual General Meeting.

PALRED TECHNOLOGIES LIMITED CIN: L72200TG1999PLC033131

Regd. Office: H.No. 8-2-703/2/B, Plot.No.2 Road.No.12, Banjara Hills, Hyderabad, Telangana- 500034. Tele: +9140 67138810|Website:www.palred.com

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1. Pursuant to recommendations of the Audit Committee, Board approved making of investment/ giving any loan or guarantee/ providing security under section 186 of Companies Act, 2013 and subject approval of ensuing Annual General Meeting.

2. The Register of Members and Share Transfer Books of the company will remain closed from 19.09.2024 to 25.09.2024 (both days inclusive) pursuant to regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

3. Appointment of Mr.Vivek Surana, Practicing Company Secretary as scrutinizer for evaluating the voting process for 25[th] Annual General Meeting of the Company.

The meeting of the Board of Directors commenced at 12.30. p.m (IST) and concluded at 2.30 P.M (IST)

This is for the information and records of the Exchange, please.

Thanking you. Yours faithfully, For Palred Technologies Limited

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Shruti Mangesh Rege Company Secretary

PALRED TECHNOLOGIES LIMITED

CIN: L72200TG1999PLC033131

Regd. Office: H.No. 8-2-703/2/B, Plot.No.2 Road.No.12, Banjara Hills, Hyderabad, Telangana- 500034. Tele: +9140 67138810|Website:www.palred.com

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Annexure

Disclosure required pursuant to Regulation 30 of the SEBI Listing Regulations read with Para A of Schedule III read with the SEBI Circular no, SEBIlHO/CFD/ CFDPoD1/P/CIR/2023/123 dated 13th July 2023:

Appointment of Statutory Auditor:

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Si. Particulars Details
No.
1. Name of the Company M/s. Palred Technologies Limited
2. Name of the Auditor M/s. M S K C & Associates,
Chartered Accountants (firm
registration no. 001595S)
3. Reason for change viz ., Appointment of Auditors
appointment, resignation, The term of the current Statutory
removal, death or otherwise Auditors i.e. M/s. MSKA &
Associates., will be expiring at the
conclusion of ensuing 25th Annual
General Meeting of the Company.
Therefore, M/s. M S K C &
Associates, Chartered Accountants
(firm registration no. 001595S) have
been appointed as the Statutory
Auditors of the Company.
4. Date & Terms of
appointment Term: 5 years
For a period of 5 years commencing
from the conclusion of 25th Annual
General Meeting of the Company
till the conclusion of 30 [th] Annual
General Meeting of the Company
subject to the approval of the
Shareholders of the Company at the
ensuing i.e. 25th Annual General
Meeting.
5. Brief profile M/s. M S K C & Associates,
Chartered Accountants (firm
registration no. 001595S)
Established in 1974, M S K C &
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PALRED TECHNOLOGIES LIMITED

CIN: L72200TG1999PLC033131 Regd. Office: H.No. 8-2-703/2/B, Plot.No.2 Road.No.12, Banjara Hills, Hyderabad, Telangana- 500034. Tele: +9140 67138810|Website:www.palred.com

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		Associates is an Indian Partnership firm registered with the Institute of Chartered Accountants of India (ICAI) having offices across 5 cities in India at Chennai, Mumbai, Bengaluru, Hyderabad and Gurugram. The Audit Firm holds peer review certificate. The Firm primarily provides audit and assurance services to its clients. The Firm's Audit and Assurance practice has significant experience across various industries, markets andgeographies.
6.	Disclosure of relationships between directors (in case of appointment of a director)	NA

Expiry of Tenure of M/s. MSKA & Associates., Statutory Auditor

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Si. Particulars Details
No.
1. Name of the Company M/s. Palred Technologies Limited
2. Name of the Auditor M/s. MSKA & Associates
Chartered Accountants (firm
registration no. 105047W)
3. Reason for change viz ., Expiry of the tenure at the
appointment, resignation, conclusion of 25 [th] AGM of the
removal, death or otherwise
Company in accordance with the
provisions of Companies Act, 2013
4. Effective Date of Expiry of tenure w.e.f. 30.08.2024
resignation
5. Brief profile NA
6. Disclosure of relationships NA
between
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PALRED TECHNOLOGIES LIMITED CIN: L72200TG1999PLC033131 Regd. Office: H.No. 8-2-703/2/B, Plot.No.2 Road.No.12, Banjara Hills, Hyderabad, Telangana- 500034. Tele: +9140 67138810|Website:www.palred.com

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directors	(in	case	of
appointment of a
director)

Appointment of Non-Executive Director:

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Si. Particulars Details
No.
1. Name of the Company Palred Technologies Limited
2. Name of the Director Ms. Stuthi Reddy (DIN: 07072774)
3. Reason for change viz ., Re-appointment
appointment, resignation,
removal, death or otherwise
4. Date & Terms of Nomination and Remuneration
appointment Committee and Board has
recommended to the members,
reappointment of Ms. Stuthi Reddy
(DIN: 07072774) as a Non-Executive
Director who retires by rotation and
being eligible, offers himself for re-
appointment.
5. Brief profile Ms. Stuthi Reddy is a Lead
consultant with experience in
supporting major drug
manufacturers, specialty
pharmacies and patient HUBs in
reliably reporting and inferring
insights from data. Permanent
Resident of United States. She has
worked with leading MNCs in US
named Capgemini Invent as
Pharmaceutical Consultant and
Parkways Clinical Laboratories as
Laboratory Specialist.
6. Disclosure of relationships Daughter of Chairperson &
between Managing Director ( Mrs. Supriya
directors (in case of Reddy Palem)
appointment of a
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PALRED TECHNOLOGIES LIMITED CIN: L72200TG1999PLC033131 Regd. Office: H.No. 8-2-703/2/B, Plot.No.2 Road.No.12, Banjara Hills, Hyderabad, Telangana- 500034. Tele: +9140 67138810|Website:www.palred.com

director)

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PALRED TECHNOLOGIES LIMITED

CIN: L72200TG1999PLC033131 Regd. Office: H.No. 8-2-703/2/B, Plot.No.2 Road.No.12, Banjara Hills, Hyderabad, Telangana- 500034. Tele: +9140 67138810|Website:www.palred.com