Summary of Key Information:

Nature of Filing / Announcement: Outcome of Board Meeting - Appointment of Independent Director

Date of Board Meeting / Approval: September 22, 2026

Meeting Duration: Commenced at 11:40 AM, concluded at 1:15 PM

Corporate Actions:

Director Appointment:

  • Mr. Prayasvin B. Patel (DIN: 00037394) appointed as Additional Director designated as Independent Director
  • Effective date: September 22, 2026
  • Term: Five consecutive years from September 22, 2026 to September 21, 2031
  • Designation: Non-Executive Independent Director, not liable to retire by rotation
  • Subject to approval of members (shareholders)

Approval Process:

  • Based on recommendation of Nomination and Remuneration Committee
  • Requires compliance with Regulation 17(1C) and Regulation 25(2A) of SEBI Listing Regulations
  • Requires compliance with relevant provisions of Companies Act, 2013
  • Postal ballot notice will be sent electronically to members
  • Cut-off date for beneficial owners: September 25, 2026

Director Profile:

Mr. Prayasvin B. Patel:

  • Veteran industrialist with over five decades in engineering and manufacturing sector
  • Led Elecon Engineering Company Limited since 1993
  • Served as Managing Director (1993-2006) and Chairman & Managing Director (2006 onward)
  • Built Gear Division into Asia's largest industrial gear manufacturer
  • Drove the Group's international expansion
  • Educational qualifications: B.E. (Mechanical) from Sardar Patel University, MBA from Loyola University, USA

Other Significant Information:

Communication: Intimation available on company website at www.carysil.com

Company Contact: Head Office at Survey No. 312, Navagam, Vartej 364 060, Bhavnagar, Gujarat, India