WONDER ELECTRICALS LIMITED — Board/Management Information 2021

Sep 2, 2021

FORI\4 ERLY KNOWN AS WONDER FIBROMATS PW. LTD.

REGISTERED OFFICE: 4s, GROUND FLOOR, OKHLA |NDUSTRAL ESTATE, PHASE t, NEW DELHT - 110020 pHoNE 011{60s8952

CIN: L3190ODL2009PLC195] 74

INFO@WONDERFIBROMATS,COM

Date3 02"d$eptember, 2021

To,

l'He Manager National Stock Exchange of India Limited (NSE) Exchange Plaza, C-1, Block G, Banda Kurla Complexn Bandra (E), Mumbai-400051

ISIN: INEO2WG010l6 SYMBOL: WFL

SUB.: OUTCOMf, OF BOARD MEETING HELD ON 02'd SeptternbeL202l

In Ref: Regulation 30 of the SEBI (Lisling Obligation and Disclosure Requirehrcnts) Regnlations, 2015

Dear Sir/Madam

With reference to the above captioned subject matter, This is to inform you that Board of Directors of the Company in its meeting held at the registered office of the Company on 02nd September, J021 had inter-alia, considered and approved the following matters: -

• l. Considered, decided & approved to increase the limit to secure the bonowing by Creation of security on the assets of the Company pursuant to Section 180(l)(a) of the Companies Act, 2013 upto Rs. 100 Crore; subject to shareholders approval;
• 1. Considered, decided & approved to increase the limit of Inter-Corporate loans, invgstments, securities and guarantee up to Rs. 100 Crore; subject to shareholders approval;
• Considered, decided & approved the limit of loans, investments, securities and guarantee pursuant to Section 185 ofthe Companies Act,2013; subject to shareholders.approval; 3.
• 1. Approval for Continuation of Curent Directorship of Mr. Jugal Kishore Chugh (DIN: 01254901) (who has attained the age of75 years) as Non-Executive Independent Director of the company; subject to shareholders approval;
• Designate and Appointment of Mr. Karan Anand (DIN: 05253410.1 as Whole rime Dlrector of the Co.mpany for a period of 3 years w.e.f. 306 September" 2021; subject to shaJeholders approval; 5.

PLANT NO. 2 PLOT NO. 4, INDUSTRIAL PARK, KUCHAMI\4 VILLAGE, MANOHARAMD I!4ANDAI- MEDA( TELANGANA 50236

• 1. Designate and Appointment of Mr. Jatin Anand (DIN: 07 507727) as Whole time Director of the Company for a period of 3 years w.e.f. 30tr' September, 2021; subject to shareholders approval
• Designate and Appointment of Mr. Siddhant Sahni (DIN: 07508004) as Whole time Director of the Cornpany for a period of 3 years w.e.f. 30rh September, 2021; subject to shareholders / '7. approval
  • Approved the Draft Directors' Report for the financial year 2020-21 along with its Annexures and other reports to be included in the Annual Report2020-21;
  • Approved the draft notice of l2rr' Annual General Meeting of the Company to be held on Thursday, September 30,2021- at 01:00 P.M. (1ST) through Video Conferencing (VC) or Other Audio-Visual Means (OVAM) in compliance with the applicable circulars of Ministry of Corporate Affairs (MCA) and SEBI. 9.
  • Appointed Ms. Rubina Vohra, Practicing Company Secretary (Membership Number: FCS 9277, CP Number 10930), Proprietor of M/s. Rubina Volua & Associates, Practicing Company Secretaries to act as "The Scrutinizer" for conducting the e-voting process at the ensuing 12tl'AGM in accordance with the Act and in a fair and transparent'manner. 10.

The copy of Notice of l2'r'Annual General It{eeting and Annual Report for the financial year 2020- 2l will be submitted to exchange as soon as the same be dispatched to the Shareholders of the Company through Email.

The Board meeting was stafted at !2jlqqry[ and concluded at Q@[!!l!

Further, the above information is also available on the Company's website, viz. www.wonderfibromats.com under the head Investors.

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/ CMD/ 41 2015 dated 9ft September,2015, including the brief profile of the above Directors & Key Managerial Personnel (in gase of appointment/reappointment) are given in Annexure A to this letter.

We requested to kindly take note ofthe same for your record and acknowledge the receipt.

Tlranking You,

[or Wonder Fibrr-".. ti-i4Ff{r, A..dtt +6,ry (o.-/.o/

.Kripank Kumar Singh '10**',/ Company Secretary & Compliaite-Ofli'cer Membership No. A59926

Date:0Z/0912021 Placer New Delhi

ANNEXI]RE-A

Sr. no.	Details off,vents that need to be	Informatidh'of such events(s)
	provided
l	Reason forchange viz.	Mr. Karan Anand has been on the board of
	appointment,	Comparry since l2th May. 2016, as executive
		director ollhe company.
		On the recommendation of Nomination and
		remuneration Committee and subsequent approval
		of the board Mr. Karan Anand, is designated and
		appointed as Whole-time director of the company
		for a period of 3 years w.e.f. 30th September 2021,
		subject to shareholders approval in the ensuing
		Annual general Meeting.
1	Date of appointmenreessatim	w.e.f. 30tr' September 2021
	(as applicable) & term of
	appointmenti	Subject to approval of sl.rareholders, liablq to retire
		by rotation.
J,	Brief profile (in case of	Mr. Karan Anand: aged 37 years is lxecutive
	appointment)i	Director of Our Company. He is B.E. (C.S.) and
		Master in Business Administration. He is having
		more than 12 years' experience in the field of
		Manufacturing of Component & materials used in
		the manufacturing of electric ceiling & exhaust
		Fans. He looks day to day routine activitips ofour
		Company. He has been on the board of Qompany
	Disclosure of	since 12th May, 2016.,
4.	relationshipsbetween directors (in case of	Mr. Karan Anand is the son of Mr. Harsfr Kurrar
	appointment of a director).	Anand, Chairman and Managing Director of the
5.	Inlormation asrequired	Company.Not Applicable since Mr. Karan Anand i5 already
	pursuant to the National Stock	Executive director ofthe Company.
	f,xchange of India Ltd with ref.
	no. NSE/ Ctr,IU 2018124, dated	Mr. Karan Anand is not debarred from holding the
	2Oth JuneP018.	office of director by virtue of any SEBI order or
		any other such authority.

Details of Mr. Karan Anand

I

Sr, no.
	Details ofEvents that need to beprovided	lnformalion of such evenGftf
1.	Reason forchange viz.	Mr. Jatin Anand has been on the board of
	appointment,+esigila{io&	Company since l2th May, 2016, as executive
	renroyaHeatl-o#-otlelq#is€	direclor of the cotnpany.
		or the recommendation of lo*inution *d
		remuneration Committee and subsequent approval
		of the board Mr. Jatin Anand, is disignat'ed and
		appointed as Whole-tilne director of thl comoanv
		for a period of 3 years w.e.f. 30 , September i02 i,
		subject to shareholders approval in the ensuini
		Annual general Meeting.
	Date of appointment/eessatien
	(as applicable) &term of	w.e.t. JU- September 2021
	appointment;
		Subject to approval of shareholders, liable to retire
		by rotation.
t	Brief profile 1i",f
	"aseappointment);
		D.irector of Our Company. He is B.E. (C.S.) and
		Master in Business Administration. He io having
		more than 13 years, experience in the field oi
		Manufacturing of Component & material; used in
		the manufacturing of electric ceiling & exhaust
		Fans. He looks day to day routine actlvitigs of our
		Company. He has been on the board of iompany
4.	Disclosure of	since I2th Mav. 2016.
	relationshipi	Mr. Jatln Anand is the son of Mr. Vogesfi Anand
	between directors (in case of	Director and CFO ofthe Cornpany.
	appointment of a director).
5.	Information asiequirea	Not Applicable since Mr. Jatin Anand ii already
	pursuant to the National Stock	Executive director ofthe Company.
	f,xchange oflndia Ltd with ref.
	no. NSE/ CMU 2018124,, dated	Mr. Jatin Anand is not debared from hofding the
	2Oth June,20I8.	office of director by vidue of any SEBI'ordir or
		any other such authority.

Details of Mr. Jatin Anand (DIN:

(

Sr. no.
	Details ofEvents that needlo be	Information of su"l everrtqg
	Reason forchange-viz,appointment,resigna{b*,fenroya+.d€a++€+-o+h€rr#is€	Mr. Siddhant Sahni has been on the Uoara ofC,ompany since l2th May. 2016,, as executivedirector of the company.On the recomnlendation of Nomiiarion
		andremuneration Cornmittee and subsequent approvalofthe board Mr_ Siddhant Sahnl, is designatea aJappointed as Whole-titne director of the comDanvlor a period ol3 years w.e.f. 30,h September 2'02i',subject to shareholders approval in the ensuinjAnnual general Meeting.
	Date of appointmenUffir*(as applicable) &term ofappointment;	w.e.f. 30th Septernber 2021Subject to approval of shareholders, liable to retireby rotation.
	Brief profite (in case of	Mr. S idd ha nt S ah n i : agid-53-y.urr-E-Eii.rn= uiD.rrector. of Our Company. He is B.E. (C.S.) andMaster in Business Administration. ffe'is fravingmore than l0 years, experience in the field oiManufacturing of Component & materials used inthe manufacturing of electric ceiling & exhausiFans. He lo_oks. day to day routine activitips of ourCompany. He has been on the board of iompan
{.	Disclosure of.u-"tionihipsbetween directors (in case oftmert of a director	since l2th May, 2016.Mr. Siddhant Salrni is ttri son of trliiTogestrSahni, Director of tlie Company.
	Inforrnation asr"qrireapursuant to the National StockExchange of India Ltd with ref.no. NSE/ CMLI 2018124, dated2Oth June,20l8.	Not Applicable since MllddliitJahii Ealready Executive director ofthe Company.Mr. Siddhant Sahni is not debamed fror4 holdingthe office of director by virtue of any S{eI ordei
		or any other such authority.

Details of Mr. Siddhant Sahni

/