Pix Transmissions Ltd. — Board/Management Information 2024

Feb 9, 2024

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Date : 09/02/2024

To To The Corporate Relationship Department, The Manager, Listing Department, BSE Limited, Phiroze Jeejeebhoy Towers, National Stock Exchange of India Limited, Dalal Street, Exchange Plaza , 5[th] Floor , Plot No C/1 Mumbai - 400001. G Block ,Bandra Kurla Complex, Bandra (E) Mumbai 400051

Scrip code : 500333 NSE SYMBOL : PIXTRANS , SERIES : EQ

Sub : Re-appointment of Executive Directors & Continuation of Independent Director beyond the age of 75 years

Dear Sir

Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions if any , we wish to inform you that the Board of Directors at their Meeting held on 9[th] February 2024, has considered and approved the re-appointment including remuneration of the following Whole Time Directors for a period of three years with effect from 1st April,2024 to 31[st] March, 2027,subject to approval of members in ensuing Postal Ballot :

1. Mr. Amarpal Sethi (DIN: 00129462), as Chairman & Managing Director .

2. Mr. Sukhpal Singh Sethi (DIN 00129235) as whole-time Director.

3. Mr. Sonepal Sethi (DIN 00129276) , as Joint Managing Director.

4. Mr. Karanpal Sethi (DIN 01711384), as Whole-time Director & CFO.

5. Mr. Joe Paul (DIN 00129522), as Whole-time Director.

The Board also considered and approved the continuation of Directorship of Mr. Jose Jacob (DIN 00128988) as nonexecutive Independent Director beyond the age of 75 years in his current tenure, subject to approval of members in ensuing Postal Ballot.

The information as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are given in Annexure-1

Thanking You

Yours faithfully,

For PIX TRANSMISSIONS LTD

SHYBU K Digitally signed by SHYBU K VARGHESE DN: c=IN, st=Maharashtra, 2.5.4.20=6cf9d5588852f629d5a13b51e1aca 17cc183546f96ca5fa064ad7fc6f2058591, postalCode=440034, street=Nagpur, VARGHE pseudonym=a63ec9826dd0f787e82429532343e4b5, serialNumber=6e79932747a170f936229f86 39b848f132c9393939d70223d560a155abd SHYBU VARGHESE SE 541ea, o=Personal, cn=SHYBU K VARGHESE Date: 2024.02.09 16:56:16 +05'30' Company Secretary

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ANNEXURE 1

		ANNEXURE 1	ANNEXURE 1	ANNEXURE 1	ANNEXURE 1	ANNEXURE 1
S.No	Particulars	Details of Directors
		Mr. Amarpal Sethi	Mr. Sukhpal Singh Sethi	Mr. Sonepal Sethi	Mr. Karanpal Sethi	Mr. Joe Paul	Mr. Jose Jacob
1	Reason forchange	Re-appointment as Chairman &Managing Director	Re-appointment as WholetimeDirector	Re-appointment as JointManaging Director	Re-appointment as WholetimeDirector & CFO	Re-appointment asWholetime Director	Continuation ofDirectorship asIndependent Directorbeyond the age of 75 years
2	Date ofappointment/reappointment&Term ofappointment	Three year term from01/04/2024 to 31/03/2027	Three year term from01/04/2024 to 31/03/2027	Three year term from01/04/2024 to 31/03/2027	Three year term from01/04/2024 to 31/03/2027	Three year term from01/04/2024 to 31/03/2027	Till the expiry of his currentterm ending July 23, 2024
3	Brief Profile	Mr. Amarpal Sethi, I.sc, aged 73years with more than Fifty-threeyears manufacturing experienceand expertise in the field ofmechanical powertransmissions. He has beeninstrumental in setting vision forthe Company and creating thenecessary infrastructure toachieve the same.	Mr. Sukhpal Singh Sethi, I.sc,aged 82 years with more thansixty-five years workingexperience in professionallymanaged company engaged inautomobile industry. His longstanding experience inautomobile industry is useful tothe company.	Mr. Sonepal Sethi, B.Sc. Grad PRI(UK) aged 58 years with morethan Thirty six years workingexperience in professionallymanaged company engaged inautomobile industry. He hassuccessfully and in sustainedway contributed significantlytowards improvement andgrowth of the company.	Mr. Karanpal Sethi, B.Sc.(Finance & Accounting), USA,aged 38 years has more than 18years of professional experiencein the Mechanical and FluidPower Transmissionsindustry.He is instrumental inensuring that the best financialpractices are followedthroughout the entire PIXGroup.	Mr. Joe Paul, B.Com. MIRPMaged 62 years with more thanForty three years in factorymanagement operations andhuman resource. By virtue ofhis intricate knowledge of theproduction process andfactory management he hasbeen able to furtherstreamlines the company’soperations.	Mr. Jose Jacob, aged 75years is B.Sc in Chemistryby qualification. He is intobusiness and successfullyrunning his family ownedbusiness since 1974.
4	Disclosure ofrelationshipbetweenDirectors	Mr. Amarpal Sethi is relative ofMr. Karanpal Sethi, Mr. RishipalSethi, Mr. Sukhpal Singh Sethiand Mr. Sonepal Sethi, who areWhole Time Directors of theCompany.	Mr. Sukhpal Singh Sethi isrelative of Mr. Amarpal Sethi,Mr. Sonepal Sethi, Mr. RishipalSethi and Mr. Karanpal Sethi,who are Whole Time Directorsof the Company.	Mr. Sonepal Sethi is relative ofMr. Sukhpal Singh Sethi, Mr.Amarpal Sethi, Mr. RishipalSethi and Mr.Karanpal Sethi,who are Whole Time Directorsof the Company.	Mr. Karanpal Sethi is relative ofMr. Amarpal Sethi, Mr. SukhpalSingh Sethi, Mr. Sonepal Sethiand Mr.Rishipal Sethi, who areWhole Time Directors of theCompany.	Mr. Joe Paul is relative of Ms.Shirley Paul, who is WholeTime Director of theCompany	Mr. Jose Jacob is notrelated to any Director
5	Information asrequired underBSE circularno.LIST/COMP/14/2018-19 and NSEcircularno.NSE/CML/2018/24, dated June20,2018	We confirm that Mr. AmarpalSethi is not debarred fromholding the office of Director byany SEBI order or any other suchauthority.	We confirm that Mr. SukhpalSIngh Sethi is not debarred fromholding the office of Director byany SEBI order or any othersuch authority.	We confirm that Mr. SonepalSethi is not debarred fromholding the office of Director byany SEBI order or any other suchauthority.	We confirm that Mr. KaranpalSethi is not debarred fromholding the office of Director byany SEBI order or any other suchauthority.	We confirm that Mr. Joe Paulis not debarred from holdingthe office of Director by anySEBI order or any other suchauthority.	We confirm that Mr. JoseJacob is not debarred fromholding the office ofDirector by any SEBI orderor any other suchauthority.