Afloat Enterprises Limited submitted a regulatory disclosure to BSE Limited regarding the resignation of all three Independent Directors from its Board, effective immediately from the closure of business hours on October 21, 2026.

The disclosure is made under Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Details of Resignations:

1. Ms. Swati Jain (DIN: 09436199)

  • Position: Non-Executive Independent Director
  • Reason for Resignation: Personal reasons
  • Confirmation: No other material reasons for resignation beyond those stated
  • Committee Impact: Ceased to be member of Nomination & Remuneration Committee
  • Other Listed Company Directorships:
  • Mrugesh Trading Limited: Chairperson of Audit Committee and Stakeholder Relationship Committee; Member of Nomination and Remuneration Committee
  • Plaza Wires Ltd: Member of Nomination and Remuneration Committee
  • EMS Limited: Chairperson of Stakeholder Relationship Committee; Member of Nomination and Remuneration Committee
  • Rajnish Wellness Limited: No committee positions
  • Goalpost Industries Limited: Chairperson of Audit Committee and Stakeholder Relationship Committee; Member of Nomination and Remuneration Committee

2. Mr. Kanwar Nitin Singh (DIN: 10204543)

  • Position: Non-Executive Independent Director
  • Reason for Resignation: Personal reasons
  • Confirmation: No other material reasons for resignation beyond those stated
  • Committee Impact: Ceased to be Chairperson of Audit Committee and Stakeholders Grievances Committee
  • Other Listed Company Directorships:
  • Leel Electricals Limited: Member of Audit Committee
  • Alka Securities Limited: Chairperson of Audit Committee and Stakeholder Relationship Committee; Member of Nomination and Remuneration Committee
  • Take Limited: Member of Stakeholder Relationship Committee
  • Spright Agro Limited: No committee positions

3. Mr. Lovish Kataria (DIN: 06925922)

  • Position: Non-Executive Independent Director
  • Reason for Resignation: Personal reasons
  • Confirmation: No other material reasons for resignation beyond those stated
  • Committee Impact: Ceased to be Chairperson of Nomination & Remuneration Committee and member of Audit Committee and Stakeholders Grievances Committee
  • Other Listed Company Directorships:
  • Quasar India Limited: Member of Audit Committee; Chairperson of Stakeholder Relationship Committee and Nomination and Remuneration Committee
  • Rajnish Retail Limited: Member of Audit Committee, Stakeholder Relationship Committee and Nomination and Remuneration Committee

Additional Information:

The company provided complete Annexure-I with detailed information required under SEBI regulations and Annexure-II containing copies of the resignation letters. The disclosure was signed by Seema Kushwaha, Company Secretary, on October 21, 2026, from New Delhi.

Financial Impact:

Financial impact not quantified in the disclosure.