Shareholders meeting

September 3, 2026 BSE Limited National Stock Exchange of India Limited Phiroz Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai 400 001 Bandra (East) Mumbai 400 051 Scrip Code: 504036 Symbol: HIRECT Dear Sir/Madam, Subject: Postal Ballot Notice – Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith, postal ballot notice along with the Explanatory Statement, for seeking approval of members of the Company on the following resolutions: Sr Description of Resolution Type of Resolution 1 Appointment of Mr. Rahul Rai (DIN: 10651078) as an Independent Special Resolution Director of the Company for the first term of 5 consecutive years. 2 Appointment of Mr. Anil Kumar Nemani (DIN: 05210724) as a Director Ordinary Resolution of the Company. 3 Appointment of Mr. Anil Kumar Nemani (DIN: 05210724) as a Whole- Special Resolution Time Director, to be designated as Executive Director and Chief Financial Officer of the Company for a period of 3 years. 4 Approval for extending the timeline for utilization of funds raised by Special Resolution issuance of equity warrants through Preferential Issue. In compliance with the latest General Circular No. 03/2025 dated September 22, 2025 issued by the Ministry of Corporate Affairs, the Postal Ballot Notice is being sent only through electronic mode to those Members whose e-mail addresses are registered with the Company/Depositories and whose names are recorded in the Register of Members or Register of Beneficial Owners maintained by the Depositories as on Friday, August 28, 2026 (“Cut-off date”). The Company has extended the facility of remote e-voting for its members through National Securities Depository Limited (“NSDL”), to enable them to cast their votes electronically instead of submitting the postal ballot form physically. The remote e-voting period commences on Friday, September 4, 2026, at 9:00 a.m. and ends on Saturday, October 3, 2026, at 5:00 p.m. The remote e-voting module shall be disabled by NSDL for voting thereafter. The voting rights of the Members shall be in proportion to the shares held by them in the paid-up equity share capital of the Company as on the Cut-off date. The Postal Ballot Notice along with e-voting instructions is available on the websites of the Company at www.hirect.com and NSDL at www.evoting.nsdl.com. Kindly take the above information on record. Thanking you, Yours faithfully, For Hirect Limited (Formerly known as Hind Rectifiers Limited) Suhas Pawar Company Secretary & Compliance Officer ACS - 36560 Encl.: as above NOTICE OF POSTAL BALLOT [Pursuant to Section 110 of the Companies Act, 2013, read with the Companies (Management and Administration) Rules, 2014, as amended and applicable Circulars issued by the Ministry of Corporate Affairs, Government of India, from time to Dear Member(s), NOTICE is hereby given pursuant to Section 110 read with Section 108 and other applicable provisions, if any, of the Companies Act, 2013 (“Act”) read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014 (“Rules”), (including any statutory modification(s) or re-enactment(s) thereof for the time being in force) and Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), Secretarial Standard on General Meetings issued by the Institute of Company Secretaries of India (“SS-2”), each as amended, and in accordance with the requirements prescribed by the Ministry of Corporate Affairs (“MCA”) for holding general meetings/conducting postal ballot process through e-voting vide Circular No. 03/2025 dated September 22, 2025 read with circulars issued earlier on the subject (“MCA Circulars”), that the resolutions appended below are proposed to be passed by the members of the Company through postal ballot, only by means of electronic voting (hereinafter referred as “e-voting”). Pursuant to Sections 102 and 110 and other applicable provisions of the Act, the explanatory statement pertaining to the said Resolutions setting out the material facts and the reasons thereof is annexed to this Postal Ballot Notice (“Notice”) for your consideration and forms part of this Notice. In terms of the requirements specified in the MCA Circulars, the Notice is being sent through electronic mode only to those Members whose e-mail addresses are registered with Hirect Limited (formerly known as Hind Rectifiers Limited) (“Company”)/ Depositories/ Company's Registrar to an issue and Share Transfer Agent (“RTA”). The Board of Directors of the Company by passing resolution on September 2, 2026, appointed Mr. Mahesh Soni (Membership No. F3706), or in his absence, Ms. Sonia Chettiar (Membership No. F12649), partner of M/s GMJ & Associates, Practicing Company Secretaries, Mumbai as the Scrutinizer for conducting the postal ballot only through the remote e- voting process and for scrutinizing the votes cast therein, in a fair and transparent manner. In compliance with the aforesaid MCA Circulars, Regulation 44 of the SEBI Listing Regulations and the provisions of Sections 108 and 110 of the Act read with the Rules, as amended, and SS-2, the Company is providing remote e-voting facility to its Members to cast their vote electronically. The Company has engaged the services of National Securities Depository Limited (“NSDL”) for the purpose of providing remote e-voting facility to its Members. The detailed instructions for remote e-voting are appended to this Notice. Special Business: 1. Appointment of Mr. Rahul Rai (DIN: 10651078) as an Independent Director of the Company. To consider and, if thought fit, to pass the following resolution as a Special Resolution: “RESOLVED THAT pursuant to the provisions of Sections 149, 150, 152 read with Schedule IV and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) and the Companies (Appointment and Qualification of Directors) Rules, 2014, and applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), (including any statutory modification(s) or reenactment(s) thereof, for the time being in force) and the Articles of Association of the Company, Mr. Rahul Rai (DIN: 10651078), who was appointed as an Additional Director, designated as an Independent Director of the Company, with effect from August 11, 2026, being eligible and fulfilling the criteria of independence as provided in the Act and Rules made thereunder and the Listing Regulations and in respect of whom the Company has received a notice in writing from a Member under Section 160(1) of the Act proposing his candidature for the office of Director of the Company, be and is hereby appointed as an Independent Director of the Company, not liable to retire by rotation, to hold office for a term of five consecutive years commencing from August 11, 2026 till August 10, 2031 (both days inclusive). RESOLVED FURTHER THAT the Board of Directors of the Company or any duly constituted Committee of the Board be and is hereby authorised to do all such acts, deeds and things and take all such steps as may be necessary or expedient to give effect to this resolution.” 2. Appointment of Mr. Anil Kumar Nemani (DIN: 05210724) as a Director of the Company. To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution: - “RESOLVED THAT Mr. Anil Kumar Nemani (DIN: 05210724) who was, on the recommendation of the Nomination and Remuneration Committee, appointed as an Additional Director of the Company by the Board of Directors with effect from August 11, 2026 in terms of Section 161 of the Companies Act, 2013 and the Articles of Association of the Company [Showing first 8,000 characters — download PDF for full document]