Pennar Industries Ltd. — Board/Management Information 2021

Feb 12, 2021

Dated: 12[th] February, 2021 Place: Hyderabad

The National Stock Exchange of India BSE Limited Limited Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Fort, Mumbai-400 001 Bandra East, Mumbai-400 051

Dear Sir/Madam,

Sub : Outcome of meeting of Independent Directors Meeting of M/s. Pennar Industries Limitedreg.

Ref: Regulation 25(3) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

BSE Scrip code: 513228 / NSE Symbol: PENIND

Dear Sir/Madam,

With reference to the subject cited above, pursuant to regulation 25(3) of SEBI Listing Obligation & Disclosure requirements) Regulation, 2015, we hereby inform you that at the meeting of the Independent Directors of the company held on Friday the 12[th] day of February, 2021, the following business were transacted:

1. Reviewed the performance of Non-Independent Directors and the Board as a whole.

2. Reviewed the performance of the Chairman of the Company, taking into account the views of Executive Directors and Non-Executive Directors.

3. Assessed the quality, quantity and timeliness of flow of information between the Company management and the Board that is necessary for the Board to effectively and reasonably perform their duties.

Kindly take the same on your records.

Thanking you

Yours faithfully,

for Pennar Industries Limited

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Mirza Mohammed Ali Baig Company Secretary & Compliance Officer