Outcome of Board Meeting

Date: November 5, 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: Outcome of the Board Meeting Dear Sir/Ma’am, We wish to inform that in terms of Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Board of Directors of the Company in its meeting held today i.e. Thursday, November 5, 2026 has, inter-alia, considered and approved the following: 1. Unaudited (Standalone & Consolidated) Financial Results of the Company for the quarter and half year ended September 30, 2026 A copy of the Unaudited (Standalone and Consolidated) Financial Results of the Company for the quarter and half year ended September 30, 2026 along with Limited Review Report thereon, as received from the Statutory Auditor M/s. Sakshi & Associates, Chartered Accountant is enclosed herewith. 2. The appointment of Mr. Bramhadeo Atmaramji Sawale (DIN: 09835478) as an Additional (Independent) Director of the Company for a period of five consecutive years w.e.f November 12, 2026, subject to the approval of the shareholders of the company. Requisite details as required under Regulation 30 are enclosed in the Annexure-A. 3. Take note of cessation of Mr. Dhruv Goyal (DIN: 06963262), Independent Director, on completion of their second term of office w.e.f. close of business hours on November 11, 2026 and consequently will be ceased to be Independent Directors of the Company. Requisite details as required under Regulation 30 are enclosed in the Annexure-B. 4. Re-constitution of Nomination & Remuneration Committee of the Board of Directors (Board) w.e.f. November 12, 2026. Details of the reconstituted Committee of the Board is attached as Annexure-C. 5. In-principally, the proposal for restructuring of the Company, including evaluation of segregation of one or more of its businesses into separate entities through a Scheme of Arrangement in order to increase focus on different product verticals of the Company and to unlock the shareholders’ value. The Board Meeting commenced at 02:30 p.m. and concluded at 4:45 p.m. This is for your kind information and record please. Thanking You, For HPL Electric & Power Limited Vivek Kumar Company Secretary Encl: As stated above Annexure -A Requisite disclosure in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, as amended from time to time. Mr. B A Sawale Sr. Particulars Disclosure 1. Reason for change viz. Mr. B A Sawale (DIN:09835478) has been appointment, resignation, appointed as an Additional Director to be removal, death or otherwise; designated as Independent Director. 2. Date of Appointment/ re- Mr. B A Sawale has been appointed as an appointment/ cessation & Additional Director to be designated as an Terms of Appointment/ Independent Director w.e.f. November 12, reappointment 2026 for a consecutive period of 5 years’ subject to approval of the shareholders. 3. Brief Profile Mr. Bramhadeo Atmaramji Sawale is a distinguished professional having over three decades of rich experience in the power sector, with extensive expertise in electrical engineering, energy metering, research and development, technical standardisation, regulatory affairs and institutional governance. He superannuated as Director General of the Central Power Research Institute (CPRI), Ministry of Power, Government of India, on June 30, 2025, after serving in various senior technical and leadership positions. During his tenure as Director General, he led an organisation comprising approximately 800 personnel and oversaw major infrastructure development and research projects, including Government-funded projects exceeding ₹1,000 crore. He also served as Chairman of the Board of Directors of National High Power Testing Laboratory, Beena (JV of CPRI, PGCIL, NHPC, NTPC & DVC). Mr. Sawale has made significant contributions towards the development of national and international standards for conventional and smart energy meters, digital metering systems and related technologies. He has been serving as Chairman of the Bureau of Indian Standards (BIS) Sectional Committee ETD 13, and is currently in his third tenure in this capacity. He has also been actively associated with the International Electrotechnical Commission (IEC), including its Technical Committee TC 13. He has also served as a Member of the State Advisory Committee of Madhya Pradesh Electricity Regulatory Commission and is associated with various national-level technical, regulatory and accreditation committees. He holds a Bachelor of Engineering degree in Electronics from Amravati University, a Master of Technology degree in Digital Communication from Maulana Azad National Institute of Technology (MANIT), Bhopal, and an MBA in General Management from ICFAI University. He has also completed a Regulatory Certificate Programme on Renewable Energy: Economics, Policy and Regulation from IIT Kanpur. He is also a Senior Member of the Institute of Electrical and Electronics Engineers (IEEE). In recognition of his outstanding contribution to the power and metering sector, he has been honoured with the Lifetime Achievement Award by IEEMA and the prestigious IEC- 1906 Award by the International Electrotechnical Commission. His extensive experience in technical leadership, strategic management, policy formulation, regulatory frameworks and corporate governance is expected to bring valuable insights and guidance to the Board of Directors of the Company. 4. Disclosure of Relationship Mr. B A Sawale is not related to any of the between Directors Directors 5. Information as required Mr. B A Sawale is not debarred from holding under BSE circular No. the office of Director by virtue of any order LIST/COM/14/2018-19 and passed by SEBI or any other such authority. NSE circular no. NSE/CML/2018/24 dated June 20, 2018. Annexure -B Requisite disclosure in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, as amended from time to time. Mr. Dhruv Goyal Sr. Particulars Disclosure 1. Reason for change viz. Mr. Dhruv Goyal (DIN: 06963262) will be appointment, resignation, Ceased to be Director due to completion of removal, death or otherwise; - his second tenure as an Independent Completion of tenure Directors. 2. Date of Appointment/ re- Mr. Dhruv Goyal (DIN: 06963262) will be appointment/ cessation & Ceased to be Director due to completion of Terms of Appointment/ his second tenure as an Independent reappointment Directors w.e.f. close of business hours on November 11, 2026 3. Brief Profile Not Applicable 4. Disclosure of Relationship Not Applicable between Directors Annexure –C Re-constitution of Nomination and remuneration Committee of the Board of Directors w.e.f. November 12, 2026 S. No. Nomination and remuneration committee Name of Member Designation 1. Mr. B A Sawale Chairperson 2. Mr. Ajit Sood Member 3. Ms. Rashmi Vij Member SAKSHI & ASSOCIATES Cha rtered Accou nta nts Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors HPL Electric & Power Limited 1. We have reviewed Ihe accompanying Slatemeni of unaudited standalone financial results ("Statement") of HPL Electric & Power Limiled (Ihe "Company") for the quarter ended 30 September 2026 and year to date from 01 April 2026 10 30 Seplember 2026 att [Showing first 8,000 characters — download PDF for full document]