Page 142 - Hitachi IR 2025

NOTICE
Sr. No. Particulars Details
c) Applicable terms, including
covenants, tenure, interest rate,
repayment schedule, whether
secured (nature of security) or
unsecured
d) Purpose for which funds will be
utilised
4. A copy of the valuation or other
external party report, if any such
report has been relied upon
Company has obtained an independent report from M/s. B B S R &
Associates LLP, a sub-licensee of KPMG, confirming that the above related
party transactions satisfies the principle of arm's length and ordinary course
of business
This report is available on the website of the Company at https://www.
hitachienergy.com/in/en/investor-relations/general-meetings#annual-
general-meeting
5. Any other information relevant or
important for the members to make a
decision
These Related Party Transactions are being carried out at arm’s length and
in the ordinary course of business of the Company.
The Members of the Audit Committee confirms that
disclosures provide all the necessary information to
the public shareholders for informed decision-making.
Further, the relevant disclosures for decision making
were placed before them and they have determined
that the promoter(s) will not benefit from the RPT at the
expense of public shareholders.
All the said transactions with HE Sweden shall be in the
ordinary course of business and on an arm’s length basis
and have been undertaken in the past by the Company
from time to time, depending on needs of its business.
Mr. Achim Michael Braun, Mr. Ismo Antero Haka
and Mr. Nuguri Venu, Directors of the Company are
nominated on the Board of the Company by Hitachi
Energy Ltd., Switzerland (Promoter Group). Mr. Achim
Michael Braun and Mr. Ismo Antero Haka are also in full
time employment of Hitachi Energy Ltd. and Mr. Nuguri
Venu is in the whole-time employment in the capacity
of the Managing Director and Chief Executive Officer of
the Company and Mr. Ismo Antero Haka is also a Director
on the Board of HE Sweden. Hence, they and/or their
relatives, may be concerned or interested, financially or
otherwise, in this Resolution. None of the other Directors
or Key Managerial Personnel of the Company and/or
their relatives are concerned or interested, financially or
otherwise, in this Resolution except to the extent of their
shareholding (if any) in the Company.
The Members may note that as per the provisions of the
SEBI Listing Regulations, the related parties as defined
thereunder (whether such related party(ies) is a party
to the aforesaid transactions or not), shall not vote to
approve the Resolution set out in Item No. 7.
Basis the consideration and approval of the Audit
Committee, the Board of Directors recommend the
Ordinary Resolution forming part of Item No. 7 of the
accompanying Notice for the approval of the Members.
For Hitachi Energy India Limited
Poovanna Ammatanda
General Counsel & Company Secretary
FCS-4741
Place: Bengaluru
Date: May 14, 2025
Registered Office:
8th Floor, Brigade Opus, 70/401,
Kodigehalli Main Road, Bengaluru - 560092
CIN: L31904KA2019PLC121597
Phone: 080 68473700
140 Hitachi Energy India Limited