Shareholders meeting

July 27, 2026 BSE Ltd, National Stock Exchange of India Ltd. Corporate Relationship Department, Listing Department, Phiroze Jeejebhoy Towers, Exchange Plaza, Bandra-Kurla Complex, Dalal Street, Mumbai - 400 001 Bandra (East), Mumbai- 400 051 Scrip Code: 544057 Svmbol: HAPPYFORGE Subject: Proceedings of the 47th AGM of the Company Dear Sir/Ma’am, Pursuant to provisions of Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, please find enclosed the summary of the proceedings of the 47th Annual General Meeting of Happy Forgings Limited, held today i.e. on July 27, 2026, at 11:30 A.M. (IST). The AGM concluded at 01:03 PM (IST) after being open for 30 minutes for e-voting. Kindly take the above information on record. Thanking you For Happy Forgings Limited Bindu Garg Company Secretary & Compliance Officer M.N.: F6997 BXXIX-2254/1, Kanganwal Road P.O. Jugiana,Ludhiana, Punjab, 141120 Regd Office : PROCEEDINGS OF THE 47th ANNUAL GENERAL MEETING OF HAPPY FORGINGS LIMITED HELD ON JULY 27, 2026 The 47th Annual General Meeting ('AGM' or 'Meeting') of Happy Forgings Limited was held on Monday, 27th July 2026 at 11.30 AM (IST) through Video Conferencing/Other Audio Visual Means in compliance with the provisions of the SEBI Regulations, Companies Act, 2013 and relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India from time to time. The Registered Office of the Company was the deemed venue of the meeting. The proceedings of the meeting were recorded for compliance purposes. To ensure the efficiency of the meeting, all shareholders were placed on mute mode by default. Audio and video were enabled only for those shareholders who pre-registered themselves as speakers. Mr. Paritosh Kumar, Chairman and Managing Director, chaired the meeting. Directors present: Name Designation Mr. Paritosh Kumar Chairman and Managing Director and Chairperson of Corporate Social Responsibility Committee Mr. Ashish Garg Managing Director and Chairperson of Risk Management Committee Ms. Megha Garg Whole-time Director Ms. Rajeswari Karthigeyan Independent Director and Chairperson of Audit Committee Mr. Ravindra Pisharody Independent Director and Chairperson of Stakeholders’ Relationship Committee & Nomination & Remuneration Committee Mr. Atul B. Lall, Independent Director of the Company could not join the meeting due to his pre- occupation and consequently had asked for a leave of absence. In attendance: Name Designation Ms. Bindu Garg Company Secretary & Compliance Officer Mr. Pankaj Kumar Goyal Chief Financial Officer Mr. Pravin Tulsyan Representative, SR Batliboi & Co LLP, Statutory Auditors Mr. Rupesh Agrawal Representative, Chandrasekaran Associates, Secretarial Auditors Mr. Rajan Sabharwal Representative Rajan Sabharwal & Associates, Cost Auditors Mr. P S Bathla Representative P S Bathla & Associates, Scrutinizer Ms. Bindu Garg, Company Secretary and Compliance Officer of the Company welcomed all the directors, members and auditors attending the Annual General Meeting. It was informed that the facility to join the meeting through Video Conferencing was made available on a first-come, first-served basis as per the applicable regulatory requirements. The facility for appointment of proxies was not available as the meeting was held through Video Conferencing. She informed that the notice convening this Annual General Meeting and a copy of the Annual Report for the Financial Year ended March 31, 2026, having been already circulated electronically to the Members of the Company were taken as read. It was informed that the Statutory Auditors' Report do not contain any qualification, observation or adverse remark. Accordingly, the same was not required to be read at the meeting. Further, it was informed that the Secretarial Audit Report do not contain any qualification, observation or adverse remark of the secretarial auditor. The Report, however, included a factual disclosure regarding the procedural delay in reconstitution of NRC after completion of term of one of the Independent Directors, the details of which were appropriately explained in the Board's Report. Accordingly, the same was not required to be read at the Meeting. During the Question & Answer session, the names of the registered Speaker Shareholders were announced one by one and were unmuted. Shareholders who did not register as Speaker Shareholders could also express their views or raise queries through the chat box available on the meeting platform. The Company had provided the remote e-voting facility to the members to cast their votes on all the resolutions set forth in the AGM Notice, which started at 9:00 a.m. IST on Friday, 24th July 2026 and concluded at 5:00 p.m. IST on Sunday, 26th July 2026. Members who participated in the meeting and had not cast their votes earlier through remote e- voting, were provided the opportunity to cast their votes through e-voting at the meeting. The Company Secretary then announced e-voting to be available for 30 minutes after closure of the meeting. Members who had already cast their votes through remote e-voting could participate but were not entitled to vote again during the meeting. She further informed regarding availability of Register of Directors and Key Managerial Personnel, the Register of Contracts or Arrangements in which Directors are interested, Secretarial Auditor’s Certificate on ESOP Scheme and all other documents as referred in the AGM Notice for inspection during the AGM. The Company Secretary then requested the Chairman, Mr. Paritosh Kumar to take over the proceedings. Mr. Paritosh Kumar took over the chair and welcomed everyone present. He confirmed that the requisite quorum was present and called the meeting to order. He noted that the Annual Report for FY 2025-26 had been circulated and highlighted the key developments and performance of the Company during the year. Thereafter, he invited the Managing Director, Mr. Ashish Garg to address the shareholders and share his perspective on the Company’s journey and the road ahead. Mr. Ashish Garg addressed the members and highlighted the Company's strong financial and operational performance during FY 2025-26 despite a challenging global environment. He reiterated the Company's long-term growth strategy centred on the theme "Mind. Method. Mettle.", emphasising disciplined capital allocation, operational excellence, manufacturing capability expansion, sustainability initiatives, and the Company's commitment to creating sustainable long- term value for all stakeholders. He then handed over the proceedings to Ms. Bindu Garg to take up the agenda items as set out in the Notice of the meeting. Thereafter, the following items of business as stated in the notice convening the 47th AGM were taken up by the Company Secretary which were put to vote by remote e-voting and voting during the Meeting: Ordinary Business: S.N. Item / Resolution Type of Resolution 1. (a) Adoption of the Audited Standalone Financial Ordinary Statements of the Company for the financial year ended 31st March, 2026 (b) Adoption of the Audited Consolidated Financial Ordinary Statements for the financial year ended 31st March, 2026 2. To declare final dividend of Rs. 4 per equity share Ordinary for the Financial year ended 31st March, 2026 3. Mr. Ashish Garg (DIN: 01829082), Managing Ordinary Director liable to retire by rotation, and being eligible for reappointment offers himself for reappointment Special Business: S.N. Item / Resolution Type of Resolution 4. Ratification of remuneration payable to M/s. Rajan Ordinary Sabharwal & Associates, Cost Auditors of the Company 5. To approve the commission payable to the Ordinary Independent Directors of the Company 6. To re-appoint Ms. Megha Garg, (DIN 07352042) as Ordinary the Whole-Time Director for a term of another five years 7. Re-appointment of Mr. Ravindra Pisharody, DIN Special 01875848, Independent Director of t [Showing first 8,000 characters — download PDF for full document]