Salzer Electronics Ltd. — Board/Management Information 2023

May 24, 2023

To

BSE Limited Exchange Plaza, C-1, Block G, | Floor, New Trading Ring, BandraKurla Complex, Rotunda Building, Bandra (E),Mumbai — 400 051 P.J.Towers, Dalal Street, Tel :+91 22 26598235/36, 26598346 Fort, Mumbai - 400 001. Fax : +91 22 26598237/38

THE CORPORATE RELATIONSHIP DEPT M/s. National Stock Exchange of India Ltd.,

SCRIP CODE: 517059 Symbol: SALZERELEC

Dear Sir,

Sub : Outcome of the Board Meeting held on May 24, 2023 Ref : Our letter dated May 15, 2023

We wish to inform in pursuance of Regulation 30 & 33 read with Schedule III of SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015 that our Board of Directors at their meeting held today, May 24, 2023 considered and transacted, inter-alia, the following :

e) Approved the Audited standalone as well as Consolidated Financial Results for the Fourth quarter and year ended March 31, 2023.

We would also confirm that the Statutory Auditors of the company has issued Unmodified Opinion on the Standalone and Consolidated financial results,

A copy of both Standalone and consolidated Financial Results will be uploaded in the Company's website www.salzergroup.net .

Further, Pursuant to Regulation 47 of SEBI LODR Regulations, an extract of the aforesaid financial results in the manner prescribed under the SEBI Listing Regulations will be published in English and Tamil newspapers within time stipulated

f) Recommended a Dividend of Rs.2.20 per equity share of Rs.10/- each for the financial year ended March 31, 2023.

SALZER ELECTRONICS LTD. —— | bad —|

CIN : L03210TZ1985PLC001535

• g) Approved the Schedule of the 38" Annual General Meeting of the Company for the financial year 2022-23, be held on September 09, 2023.
• h) Approved the Record Date on August 25, 2023 for the purpose of Dividend payment and 38" Annual General Meeting for the Financial year 2022-23
• i) Approved, subject to the confirmation of the shareholders, the re-appointment of Mr.P.Ramachandran (DIN: 01043572) as Whole Time Director for another term of five year effective from September 26, 2023.

The Meeting commenced at 11.30 a.m and closed at 2.00 p.m

May kindly be acknowledged the receipt and disseminate the same.

Thanking you

Yours faithfully For SALZER ELECTRONICS LTD SANKARAN BASKARASUBR AMANIAN

S.BASKARASUBRAMANIAN DIRECTOR (CORPORATE AFFAIRS) & COMPANY SECRETARY (DIN :00003152 & FCS:4605)

Encl : As above