Change in Statutory Auditors – Airan Limited

Outgoing Auditor

Name of the Resigning Firm: Not Specified

Reason for Resignation: Not Specified

Effective Date of Resignation: Not Specified

Date of Resignation Letter: Not Specified

Duration in Role: Not Specified

Board's Acknowledgment / Statement: Not Specified

Replacement Appointed

Name of the New Audit Firm: M/S Supal Shah & Associates

Firm Registration Number (FRN): Not Specified

Term of Appointment and Validity: 5 years

Interim Appointment or Subject to Shareholder Approval: Appointment approved by shareholders at Annual General Meeting held on September 26, 2026

Qualifications or Professional Standing: Supal Karnikbhai Shah has specialization in indirect taxation (GST), banking audits, trust compliance & financial management

Financial Implications: Not Specified

Board / Committee Meeting Details

Date and Name of the Meeting: Annual General Meeting held on September 26, 2026

Resolutions or Approvals: Shareholders approved three resolutions:

  • Appointment of Mrs. Indu Shaktibhusan Shukla (DIN: 08078155) as Non-executive Non-Independent Director effective September 1, 2026
  • Appointment of Mr. Mrugesh Arvindbhai Suthar (DIN: 11640636) as Non-executive Independent Director for five consecutive years effective September 1, 2026
  • Appointment of M/S Supal Shah & Associates as statutory auditor and fixation of their remuneration

Annexures / Firm Profiles

Summary of Incoming Audit Firm's Experience: Specializes in indirect taxation (GST), banking audits, trust compliance & financial management

Any Declarations or Eligibility Confirmations: Not applicable for auditor declaration in the provided annexure

Director Appointments

Mrs. Indu Shaktibhusan Shukla:

  • DIN: 08078155
  • Holds Bachelor's degree in Commerce
  • Worked in Accounting Department of GTPL for 4 years
  • Has deep knowledge of Accounting Standards and various accounting software
  • Not related to any director of the company
  • Not debarred from holding office of director pursuant to any SEBI order

Mr. Mrugesh Arvindbhai Suthar:

  • DIN: 11640636
  • Seasoned banking professional with close to 40 years of experience
  • Recently superannuated as Senior Vice President-II (Circle Head Gujarat East) from Axis Bank
  • Expertise in retail and MSME banking operations, leadership and strategic growth
  • Not related to any director of the company
  • Not debarred from holding office of director pursuant to any SEBI order

Other Corporate Information

Company submitted the disclosure to both National Stock Exchange of India Limited and BSE Limited on September 29, 2026

Signed by Sandeepkumar Vishwanath Agrawal, Chairman and Managing Director (DIN: 0256648)

Place: Ahmedabad