Servotech Power : Change in designation

7th December, 2022

To,

National Stock Exchange of India Limited

Exchange Plaza, NSE Building

Bandra-Kurla Compex,

Bandra (E), Mumbai-400051

Trading Symbol: SERVOTECH

Sub.: Outcome of Board Meeting

Dear Sir/Madam,

The Board of Directors of Servotech Power Systems Limited ("Company"), upon recommendation of its sub-Committees, at its meeting held on 7th December, 2022 has inter-alia considered, approved and taken on record the following:

1. The sub-division (split) of Equity Share of the Company having a face value of Rs. 10 each (fully paid-up) into one (1) Equity Share of face value of Rs. 2/- each (fully Paid-up). The brief description is enclosed as Annexure-I;
2. Alteration of Capital Clause in the Memorandum of Association of the Company. The details of aforesaid is enclosed as Annexure-II;
3. Re-designationof Mr. Rajesh Mohan Rai (DIN: 09050751) from Non-Executive Independent Director to Whole-time Director. The brief description is enclosed as Annexure-III;
4. Authorization under Section 180 (1)(a) of the Companies Act, 2013 for creation of charge upto the limit of Rs. 200 crores;
5. Authorization under Section 180(1)(c) of the Companies Act, 2013 for borrowings upto the limit of Rs. 200 crores;
6. Amendment of SERVO-Employees Stock Option Scheme 2022 ("ESOP-2022"). Brief details of the scheme is enclosed herewith as Annexure-IV;

7. Grant of options to employees of subsidiary company(ies) under the amended SERVO- Employees Stock Option Scheme 2022;

1. Convening of the Meeting of Shareholders through Postal Ballot process to seek the approval of the Members of the Company on Point No. 1 to 7 above;
2. Appointment of Mr. Debabrata Deb Nath, Practicing Company Secretary (ICSI Membership No. 7775 and C.P No.8612) as a scrutinizer for conducting remote e-voting Process.

The meeting commenced at 01:00 P.M. (IST) and concluded at 2:30 P.M. (IST).

_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

____________________________________________________________________________________

Servotech Power Systems Limited

CIN: L31200DL2004PLC129379

REGISTERED OFFICE: 806, 8th Floor, Crown Heights, Hotel Crown Plaza, Sector-10 , Rohini, New Delhi -110085

PLANT AND R&D :76A ,Sector-57, Kundli Industrial Area, Sonepat, Haryana-131028

Tel No : 011-41183117,• Sales: [phone],• Email : [e-mail] , •Website:

www.servotech.in

The aforesaid information may be treated as relevant disclosure as required under Regulation 30 or any other applicable provision of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure I, II, III and IV.

Thanking You,

FOR SERVOTECH POWER SYSTEMS LIMITED

PRIYA Digitally signed by PRIYA PANDEY

PANDEYDate: 2022.12.07 14:34:55 +05'30'

PRIYA PANDEY

COMPANY SECRETARY

ICSI MEMBERSHIP NO.: A35815

_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

____________________________________________________________________________________

Servotech Power Systems Limited

CIN: L31200DL2004PLC129379

REGISTERED OFFICE: 806, 8th Floor, Crown Heights, Hotel Crown Plaza, Sector-10 , Rohini, New Delhi -110085

PLANT AND R&D :76A ,Sector-57, Kundli Industrial Area, Sonepat, Haryana-131028

Tel No : 011-41183117,• Sales: [phone],• Email : [e-mail] , •Website:

www.servotech.in

ANNEXURE-I

Details required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015

DETAILS OF SUB-DIVISION (STOCK SPLIT)

SL.

PARTICULARS

DETAILS

NO.

1.

Split Ratio

5:1

[Existing one Equity Share of the Company having Face Value of Rs.

10/- (Rupees Ten Only) each fully paid up will be sub-divided/split

into Five (5) equity shares having face value of Rs. 2/- (Rupees

Two Only) each fully paid-up.]

2.

Rationale behind the split of

To enhance the liquidity of the Company's equity shares and

equity shares

encourage the participation of small investors by making it

affordable.

3.

Pre and Post Share Capital Structure

The capital structure of the Company pre and post sub-division shall be as below:

Particulars

Pre sub-division

Post sub-division

No. of

Face

Total Share

No. of

Face

Total

equity

Value

Capital (INR)

equity

Value

Share

shares

(INR)

shares

(INR)

Capital

(INR)

Authorized Share

22000000

10

22,00,00,000

110000000

2

22,00,00,000

Capital

Issued, Subscribed

21265429

10

21,26,54,290

106327145

2

21,26,54,290

and Paid-up Share

Capital

4.

Expected time of Completion

Approximately 2 months from the date of approval by the Board of

Directors of the Company.

5.

Class of shares which are sub-

Equity shares

divided

(The Company has only one class of Equity shares, having face

value of Rs. 10 each)

6.

Number of shares of each class

Please refer to our response as per point No. 3 and 5 above.

pre and post-split

7.

Number of shareholders who

Not Applicable.

did not get any shares in

consolidation and their pre-

consolidation shareholding

FOR SERVOTECH POWER SYSTEMS LIMITED

PRIYA PANDEY

Digitally signed by PRIYA PANDEY Date: 2022.12.07 14:35:15 +05'30'

PRIYA PANDEY

COMPANY SECRETARY

ICSI MEMBERSHIP NO: A35815

_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

____________________________________________________________________________________

Servotech Power Systems Limited

CIN: L31200DL2004PLC129379

REGISTERED OFFICE: 806, 8th Floor, Crown Heights, Hotel Crown Plaza, Sector-10 , Rohini, New Delhi -110085

PLANT AND R&D :76A ,Sector-57, Kundli Industrial Area, Sonepat, Haryana-131028

Tel No : 011-41183117,• Sales: [phone],• Email : [e-mail] , •Website:

www.servotech.in

ANNEXURE-II

DETAILS OF ALTERATION IN MEMORANDUM OF ASSOCIATION OF THE COMPANY, IN BRIEF

The Board of Directors of the Company in its meeting held on 7th December, 2022 subject to approval of the members of the Company, approved alteration and substitution of the existing Clause V of the Memorandum of Association of the Company with the following new Clause V below:

V. The Authorized Share Capital of the Company is Rs. 22,00,00,000/- (Rupees Twenty Two Crores only), divided into 11,00,00,000 (Eleven Crores only) equity shares of Rs. 2/- (Rupees Two only) each.

***

FOR SERVOTECH POWER SYSTEMS LIMITED

PRIYA PANDEY

Digitally signed by PRIYA PANDEY Date: 2022.12.07 14:35:29 +05'30'

PRIYA PANDEY

COMPANY SECRETARY

ICSI MEMBERSHIP NO: A35815

_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

____________________________________________________________________________________

Servotech Power Systems Limited

CIN: L31200DL2004PLC129379

REGISTERED OFFICE: 806, 8th Floor, Crown Heights, Hotel Crown Plaza, Sector-10 , Rohini, New Delhi -110085

PLANT AND R&D :76A ,Sector-57, Kundli Industrial Area, Sonepat, Haryana-131028

Tel No : 011-41183117,• Sales: [phone],• Email : [e-mail] , •Website:

www.servotech.in

ANNEXURE-III

Details required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015

DETAILS REGARDING RE-DESIGNATION OF INDEPENDENT DIRECTOR AS WHOLE-TIME DIRECTOR

Sl.	Particulars	Details
No.
1.	Name of Director, DIN	Mr. Rajesh Mohan Rai (DIN: 09050751)
2.	Reason of Change viz.	Re-designation as a Whole-time Director; Mr. Rai will contribute
	appointment, resignation,	towards the development and growth of the Company and being
	removal, death or	specialist in HR will oversee the functioning of the HR department
	otherwise	of the Company. Under his leadership, volume of business and
		profitability of the company will be having upward change.
3.	Date of Re-appointment	With effect from 15th December, 2022.
4.	Terms of Re-appointment	Appointment for a term of 3 years w.e.f. 15th December, 2022
		subject to Shareholders approval.
5.	Brief Profile	Mr. Rai is renowned HR Strategist, Business Coach with more than
		26 years of rich and varied experience. Before joining the Company
		he has acted as Principal Consultant - Director at HR Anexi,
		Director- Human Resources at Nivio Technologies Pvt. Ltd. Regional
		Head (South) - HR at Aviva Life Insurance Co. Ltd., Head of
		Recruitment & HR (RGE & Services) at Microsoft Corporation and
		many more.
		Over his 26-year of career, Mr. Rai has worked in a variety of
		corporates both being multinationals and Indian. He has been
		instrumental in Spearheading the Recruitment & HRBP for RGE &
		Services vertical, Employee Relations, and Employee Engagement at
		ITC Hotels Ltd. (WG Maurya Sheraton) and HCL Limited. He has
		been awarded with numerous awards primarily being John Mattone
		Certified Executive Coach (Initial Mastery).
6.	Disclosure of Relationships	There are no relationships between the directors.
	between the directors

*Pursuant to the re-designation of Mr. Rai and upon its successful approval received from the shareholders, the respective committees will be re-constituted accordingly as per the requirements of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

FOR SERVOTECH POWER SYSTEMS LIMITED

PRIYA PANDEY

Digitally signed by

PRIYA PANDEY Date: 2022.12.07 14:35:43 +05'30'

PRIYA PANDEY

COMPANY SECRETARY

ICSI MEMBERSHIP NO: A35815

_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

____________________________________________________________________________________

Servotech Power Systems Limited

CIN: L31200DL2004PLC129379

REGISTERED OFFICE: 806, 8th Floor, Crown Heights, Hotel Crown Plaza, Sector-10 , Rohini, New Delhi -110085

PLANT AND R&D :76A ,Sector-57, Kundli Industrial Area, Sonepat, Haryana-131028

Tel No : 011-41183117,• Sales: [phone],• Email : [e-mail] , •Website:

www.servotech.in