Shareholders meeting

September 24, 2026 The Manager, The Secretary Listing Department, BSE Limited National Stock Exchange of India Ltd. 25th Floor, New Trading Ring, Rotunda “Exchange Plaza”, C-1, Block G, Building, PhirozeJeejeebhoy Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai – 400 051 Mumbai – 400 001 Scrip Code: HPL Scrip Code: 540136 Sub: Proceedings of the 34th Annual General Meeting of HPL Electric & Power Limited (“The Company”) Dear Sir/Ma’am, Pursuant to provisions of Regulation 30 and other applicable provisions of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, please find enclosed herewith gist of the proceedings of the 34th Annual General Meeting (AGM) of the Company held on September 24, 2026 at 11:30 A.M. (IST) via Video Conferencing (“VC”) or Other Audio-Visual means (“OAVM”). This is for your kind information and record please. Thanking You, For HPL Electric & Power Limited Vivek Kumar Company Secretary Encl: - As stated above GIST OF THE PROCEEDINGS OF THE 34th ANNUAL GENERAL MEETING OF THE COMPANY The 34th Annual General Meeting (AGM) of the Members of HPL Electric & Power Limited (‘the Company’) was held on Thursday, September 24, 2026 at 11.30 A.M. through video conferencing (VC)/Other Audio Visual Means (OAVM). Total 137 Members attended the meeting through Video Conferencing/Other Audio Visual Means (OAVM). Directors and KMP’s present through Video Conferencing: 1. Mr. Lalit Seth, Chairman and Whole -Time Director; 2. Mr. Rishi Seth, Managing Director; 3. Mr. Gautam Seth, Joint Managing Director & CFO; 4. Mr. Ajit Sood, Independent Director, Chairman of Audit Committee and Stakeholders’ Relationship Committee; 5. Dr. Rashmi Vij, Independent Director; 6. Mr. Dhruv Goyal, Independent Director, Chairman of Nomination and Remuneration Committee and 7. Mr. Vivek Kumar, Company Secretary & Compliance Officer Apart from them, Ms. Sakshi Kharabanda, Statutory Auditor; Mr. Vinod Gupta, Secretarial Auditor; Mr. Deepak Kukreja and Mrs. Monika Kohli, Scrutinizers were present through VC. BRIEF DETAILS OF DELIBERATIONS AT THE MEETING: The Company Secretary welcomed all the shareholders on behalf of the Board of the Company. He informed the shareholders that the soft copy of the Annual Report 2025- 26 was sent to all the members holding shares whose email addresses were available either with the Depository Participants or are registered with the Company’s RTA for communication purpose and a letter providing the web-link, including the exact path, where complete details of the Annual Report is available, were sent to those shareholder(s) who have not so registered their email addresses. Thereafter, he introduced the Directors and Auditors present through VC. Thereafter Mr. Gautam Seth, Joint Managing Director & CFO took over the proceedings and declared that the requisite quorum was present and called the Meeting to order. Thereafter, he delivered the speech on behalf of the Chairman of the Company. With the consent of the members, the Notice convening the 34th Annual General Meeting and the Financial Statements for the financial year ended 31st March, 2026 and Auditors Report thereon, as circulated were taken as read. Since there were no qualifications or observations or comments on the financial transactions or matters having any adverse effect on the functioning of the Company in the Auditor’s report on the financial statements of the company and the Secretarial Auditor’s report, the same were not required to be read. The Company Secretary then opened the 'Questions & Answers' (Q&As) session for the members who had registered themselves as 'speaker' to ask questions or express their views. The moderator called the names of the shareholders in the sequence of their registration done, who had registered themselves as registered speakers to express their views and queries. Questions/ clarifications were duly answered by the Joint Managing Director & CFO of the Company. The members expressed their satisfaction on the performance of the Company. The Company Secretary further informed the members that the Company had provided the remote e-voting facility to the members which was commenced at 09.00 A.M. on September 21, 2026 and ended at 05.00 P.M. on September 23, 2026 to cast their votes on all the resolutions set forth in the AGM Notice. Members, who were participating in the meeting and had not cast their votes through remote e-voting, were provided an opportunity to cast their votes through e-voting facility provided at the meeting through VC/OAVM. The Company Secretary explained the process of voting through e-voting mechanism provided by Kfin Technologies Limited. It was further informed that the Board of Directors had appointed Mr. Deepak Kukreja, Partner DMK Associates as the Scrutinizer and Mrs. Monika Kohli, Partner DMK Associates as the Alternate Scrutinizer, to scrutinize the e-voting in a fair and transparent manner. Thereafter, the E-voting Mechanism was activated by the moderator for 15 minutes for the members to cast their vote on the following resolutions as set forth in the Notice of AGM: Ordinary Business: 1. To receive, consider and adopt the Audited Financial Statements including the Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with the Reports of the Board of Directors and Auditors thereon. (Ordinary Resolution) 2. To declare final dividend of Rs. 1.00 per equity share of face of Rs. 10/- each for the financial year ended 31st March, 2026. (Ordinary Resolution) 3. To appoint a director in place of Mr. Rishi Seth (DIN:00203469), who retires by rotation and being eligible, offers himself for re-appointment. (Ordinary Resolution) Special Business 4. Ratification of Remuneration of the Cost Auditors (Ordinary Resolution) After the completion of 15 minutes, the voting process was ended and the Company Secretary informed that the results will be declared within statutory timelines. Thereafter, the meeting was concluded at 12.31 P.M. with a vote of thanks to all the members for attending and participating in the meeting. Yours faithfully, For HPL Electric & Power Limited Vivek Kumar Company Secretary