Nature of Disclosure: Regulatory filing to BSE Limited regarding outcomes of the Board of Directors meeting held on 05 September 2026.

Board Meeting Details: The meeting was held on Saturday, 05 September 2026 at 5:00 PM at the company's registered office and concluded at 6:00 PM.

Key Resolutions Approved:

1. Appointment of Statutory Auditors: The Board appointed M/s. Ramanatham & Rao, Chartered Accountants, as statutory auditors for a period of 5 years, subject to shareholder approval. The appointment term is from the 40th Annual General Meeting in FY 2026-27 to the 45th AGM in FY 2030-31. The firm is registered with ICAI and has substantial experience in statutory audits, tax audits, and advisory services for listed companies and large corporates.

2. Appointment of Internal Auditor: Mr. Sushant Mohan Lal was appointed as Internal Auditor for the financial year 2026-27. He holds an MBA from Kansas University, USA and has been associated with the company for a long time.

3. Resignation of Independent Director: Mrs. Lakshmi Vijaya Nimmala (DIN: 09788849) resigned as Independent Director effective 05 September 2026 due to pre-occupation. She confirmed there are no material reasons other than those mentioned in her resignation letter. She held no directorships in other listed entities.

4. Reconstitution of Board Committees: The Board approved the reconstitution of its committees effective 05 September 2026:

  • Audit Committee: Chairman: Venkateswara Rao Gudipudi (Non-Executive Independent Director); Members: Sushant Mohan Lal (Non-Executive Non-Independent Director), Bhupendralal Waghray (Additional Director - Independent)
  • Nomination and Remuneration Committee: Chairman: Bhupendralal Waghray (Additional Director - Independent); Members: Venkateswara Rao Gudipudi (Non-Executive Independent Director), Gayathri Raghuram (Non-Executive Independent Director)
  • Stakeholder Relationship Committee: Chairman: Venkateswara Rao Gudipudi (Non-Executive Independent Director); Members: Bhupendralal Waghray (Additional Director - Independent), Janakiram Ajjarapu (Non-Executive Non-Independent Director)

5. Annual General Meeting: The AGM for FY 2025-26 is scheduled for Wednesday, 30 September 2026 at 11:00 AM to be held through video conference or other audio-visual means.

6. Appointment of Scrutinizer: M/s. S.S. Reddy & Associates, Practicing Company Secretary, was appointed as scrutinizer for conducting e-voting in the ensuing AGM.

Regulatory References: The disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with clause 7 of Para A of Annexure I of SEBI Circular SEBI/HO/CFD/PoD-2/P/CIR/2026/1 dated January 30, 2026.

Financial Impact: Not quantified in the disclosure.