Shareholders meeting

August 11, 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 BSE Scrip Code: 504036 NSE Symbol: HIRECT Dear Sir/ Madam, Sub.: Disclosure under Regulations 30 and 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 In compliance with the Regulation 30 read with Para A of Part A of Schedule-III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith the brief proceedings of the 68th Annual General Meeting (AGM) of the Company held on Tuesday, August 11, 2026 at 01:00 p.m. through video conferencing, as Annexure A. Further, pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, we also submit herewith the details of the voting results with respect to the business transacted at the AGM in the prescribed format along with the Consolidated report of the Scrutinizer as Annexure B and Annexure C respectively. All the resolutions at AGM were passed with the requisite majority. The aforesaid information will be uploaded on the website of the Company at www.hirect.com and on the website of National Securities Depository Limited at www.evoting.nsdl.com Kindly take the same on your records. Thanking you, Yours faithfully, For Hirect Limited (Formerly known as Hind Rectifiers Limited) Suhas Pawar Company Secretary and Compliance Officer ACS-36560 Encl.: as above Annexure A Proceedings of the AGM The 68th Annual General Meeting of Hirect Limited (formerly known as Hind Rectifiers Limited) was held on Tuesday, August 11, 2026 at 01:00 p.m. (IST) through video conferencing or other audio visual means, in compliance with the various circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India from time to time, read with applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The following directors were present during the meeting: 1. Mr. Suramya Nevatia Chairman and Managing Director 2. Mrs. Akshada Nevatia Executive Director 3. Mr. Vandan Shah Independent Non-Executive Director 4. Mr. Parimal Merchant Non-Independent Non-Executive Director 5. Mrs. Ashlesha Bodas Independent Non-Executive Director 6. Mr. Vishal Pacheriwala Independent Non-Executive Director 7. Mr. Anil Kumar Nemani Additional (Executive) Director & Chief Financial Officer 8. Mr. Rahul Rai Additional (Non-Executive, Independent) Director Following were also present during the meeting: 1. Mr. Suhas Pawar - Company Secretary and Compliance Officer 2. Mrs. Sonia Chettiar - Secretarial Auditors for FY 2025-26 and Scrutinizer 3. Mrs. Madhu Jain - Representative of the Statutory Auditors firm Members Present: 51 Brief proceedings of the meeting are as under: 1. Mr. Suramya Nevatia occupied the Chair and welcomed the members, Directors and other participants present in the meeting. 2. The requisite quorum being present, the Chairman called the meeting to order. 3. Statutory registers, certificates and other documents were kept available for inspection by the members. 4. The Chairman then addressed to the members and briefly explained the performance of the Company and current scenario. 5. The Company Secretary explained the resolutions to the members and voting process and mentioned that pursuant to the provisions of Companies Act, 2013, all Members had been provided the facility to vote by remote e-voting which commenced at 09:00 a.m. (IST) on Friday, August 7, 2026 and ended at 05:00 p.m. (IST) on Monday, August 10, 2026. He further mentioned that those Members who could not vote by remote e-voting may cast their votes electronically during the meeting. 6. The Resolutions as mentioned in the Notice of AGM were approved by the members with the requisite majority at the AGM as follows: i. Members by an ordinary resolution have approved and adopted the audited standalone and consolidated financial statements of the Company for the financial year ended March 31, 2026 together with the Auditors’ Report and the Board's Report thereon. ii. Members by an ordinary resolution declared dividend at the rate of Rs. 1.40 (Rupees One and Forty Paisa only) per equity share, i.e. 70% of face value of Rs. 2/- (Rupees Two only) each on fully paid up equity shares of the Company for the financial year ended March 31, 2026. iii. Members by an ordinary resolution have approved appointment of Mr. Parimal Merchant (DIN: 00201962), Non-Independent Non-Executive Director, liable to retires by rotation. iv. Members by an ordinary resolution have approved ratification of remuneration payable to the Cost Auditors for the financial year 2026-27. v. Members by a special resolution have approved the re-appointment of Mr. Suramya Nevatia (DIN:06703910) as the Managing Director of the Company for a period of 3 years with effect from August 17, 2026. vi. Members by a special resolution have approved revision in remuneration payable to Mrs. Akshada Nevatia (DIN:05357438), Executive Director during the existing tenure and change in terms of appointment. 7. The queries raised by the speaker shareholders were responded by the Executive Director & Chief Financial Officer and the Chief Executive Officer and of the Company. The Chairman then thanked the Members and other attendees for participating in the AGM and informed that combined results of e-voting and voting during the AGM would be announced and made available on the website of the Company and would also be submitted to the stock exchanges as per the requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting concluded at 01:45 p.m. including the time provided for e-voting at the AGM. Thanking you, Yours Faithfully, For Hirect Limited (Formerly known as Hind Rectifiers Limited) Suhas Pawar Company Secretary & Compliance Officer ACS-36560 Annexure B Details of the voting results with respect to the business transacted at the AGM in terms of Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Date of Annual General Meeting Tuesday, August 11, 2026 Total number of shareholders as on cut-off date i.e. August 4, 2026 23,090 No. of shareholders present in the meeting either in person or through proxy - Promoter and Promoter Group Not Applicable - Public Not Applicable No. of shareholders attended the meeting through video conferencing - Promoter and Promoter Group 6 - Public 45 Annexure C