Crown Lifters Independent Director Payal Madhani Resigns

Section A – KMP Resignation Details

• Name of Resigning KMP: Mrs. Payal Pravin Madhani (DIN: 08546549)
• Designation: Non-Executive-Independent Director
• Reason for Resignation: Personal and Professional commitments
• Effective Date of Resignation: Close of business hours on 14th July 2026
• Date of Resignation Letter: 14th July 2026
• Duration in Role: Not Specified
• Board’s Acknowledgment / Statement: Not Specified
• Replacement Appointed: Not Specified
• Regulatory Compliance Statement: Disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular dated January 30, 2026 and NSE circular number NSE/CML/2018/24 dated June 20, 2018
• Delay in Disclosure: Not Specified

Analytical Add-On: The resignation appears routine and planned, attributed to personal and professional commitments. The director confirmed no other material reasons exist. The cessation from committee roles (Audit Committee Chairperson and Nomination and Remuneration Committee member) occurred on July 7, 2026, preceding the formal board resignation date, suggesting a structured transition.

Section B – Additional Observations or Disclosures

• Transition & Internal Role Reallocations: Mrs. Payal Pravin Madhani ceased to be the Chairperson of the Audit Committee and a Member of the Nomination and Remuneration Committee of the Company with effect from July 7, 2026.
• Successor Appointments: Not Specified

Section C – Financial & Governance Disclosures

• Audited Financial Results: Not Specified
• Auditor’s Report Summary: Not Specified
• Dividends / Capital Changes / Buybacks: Not Specified
• Board / Committee Updates or Key Appointments: Not Specified