Shanthi Gears Ltd. — Interim / Quarterly Report 2021

Feb 10, 2021

Regd. Office : Phone: +91-422-4545745 muruada a 304-A, Trichy Road, . Fax : +91-422-4545700 g PP Singanallur E-mail : info@shanthigears.murugappa.com Coimbatore - 641 005 Website : www.shanthigears.com CIN : L29130TZ1972PLC000649 GST : 33AADCS0692L1Z7

February 10, 2021

National Stock Exchange of India Ltd, BSE Ltd, Exchange Plaza, 5th Floor, 1st Floor, Plot No. C/1, G Block, — New Trading Ring, Rotunda Building, Bandra-Kurla Complex, PJ Towers, Dalal Street, Bandra(E) Fort, Mumbai-400 051. Mumbai- 400 001.

Stock Code: SHANTIGEAR Stock Code: 522034

Through NEAPS Through BSEListing Centre

Total 8 pages (including coveringletter)

DearSir,

Sub: Outcome of Board Meeting

Further to our letter dated 2274 January,2021 and 4' February,2021, we write to inform that at the meeting held today (10February,2021), the Board of Directors inter alia have approved the following:

1. Un-audited Financial Results of the Company for the third quarter ended 31st December, 2020

The Board of Directors considered and approved the Unaudited financial results of the Company for the third quarter ended 31st December,2020 in the detailed format under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") and Limited Review report of M/s. Deloitte Haskins & Sells, Chartered Accountant & Statutory Auditor of the Company. The same is enclosed for your records and uploading in your website. A copy of the same will be uploaded in the Company's website www.shanthigears.com. An extract of the aforesaid financial results in the manner prescribed under the SEBIListing Regulations will be published in English and Tamil newspapers within the time stipulated.

A copy of the press release made with regard to the un-audited financial results for the third quarter ended 31st December,2020 is further enclosed.

1. Declaration and Paymentof Interim Dividend & Record Date The Board of Directors have declared an interim dividend at Rs.1.50/- (One Rupee and fifty paise Only) per equity share of Re.1 /- each for the financial year ending 31st March,2021

Record date for the purpose of payment of interim dividend shall be Tuesday, 234 February,2021.

The interim dividend shall be paid to those shareholders whose names appear in the register of members as on Record date in respect of shares held in physical form and in case of shares held in dematerialized form, as per the details to be furnished by the depositories as on the Recorddate.

BUREAUVERITAS" peed 3 IRISS Works: "C" Unit, Avinashi Road, Muthugounden Pudur Post, Coimbatore - 641 406, India. aT , Tel: +91 422 4545745/ Fax: +91 422 4545700 / Mobile: +91 96262 60500 (8 Lines)

304-A, Trichy Road, Fax : +91-422-4545700 g PP Singanallur E-mail : info@shanthigears.murugappa.com Coimbatore - 641 005 Website : www.shanthigears.com CIN : L29130TZ1972PLC000649 GST : 33AADCS0692L1Z7

The Interim Dividend will be paid on Friday, 5th March,2021 after deducting TDS as per the Income Tax,1961.

1. Appointment of Mr.M A M Arunachalam as Additional Director: The Board appointed Mr. M A M Arunachalam (DIN 00202958) as Additional Director (non-executive, non-independent) of the Company with effect from 10 February,2021

It is hereby confirmed that Mr. M A M Arunachalam is not debarred from holding the office as Director by virtue of any SEBI Order or any other authority.

4) Appointment of Mr. M Karunakaran as Additional Director and as Whole-time Director:

The Board appointed Mr. M Karunakaran (DIN 09004843) as Additional Director (executive, non-independent) of the Company with effect from 10February,2021

The Board further appointed Mr. M Karunakaran as Whole-time Director [Key Managerial Personnel] of the Company. The appointment of Mr. M Karunakaranis for a 3-year term, from 10February,2021 till 9th February,2024 (both dates inclusive) and will be subject to the approval of the Shareholders in general meeting.

It is hereby confirmed that Mr. M Karunakaranis not debarred from holding the office as Director by virtue of any SEBI Order or any other authority.

5S) Appointment of Chief Financial Officer:

The Board appointed Mr, Ranjan KumarPiti as Chief Financial Officer (Key Managerial Personnel) of the Company with effect from 10th February,2021

Disclosure in the format prescribed under Regulation 30 of the Listing Regulations in respect of sl. nos.3 to 5 above is attached.

For your information, the Board Meeting commenced at 12.10 A.M. and concluded at 14.45 P.M. 1

Please take the above on yourrecord.

Thanking you,

Yoursfaithfully, For SHANTHI GEARS LIMITED bh

C. Subramaniam CompanySecretary

Encl: As above

ec Raa) IRISS Works: "C" Unit, Avinashi Road, Muthugounden Pudur Post, Coimbatore - 641 406, India. ia" Tel: +94 422 4545745 / Fax: +91 422 4545700 / Mobile: +91 96262 60500(8 Lines) VERH/ OSCETC CETTECT