Section A – KMP Resignation Details

  • Name of Resigning KMP: Mrs. Amisha Shah
  • Designation: Non-Executive Independent Director
  • Reason for Resignation: Due to other professional commitments
  • Effective Date of Resignation: August 07, 2026 (close of business hours)
  • Date of Resignation Letter: August 07, 2026
  • Duration in Role: Not Specified
  • Board’s Acknowledgment / Statement: The Board took note of the resignation
  • Replacement Appointed: Mrs. Megha Joshi appointed as Additional Director designated as Non-Executive Independent Director
  • Regulatory Compliance Statement: Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026
  • Delay in Disclosure: Not Specified

Consequent upon her resignation, Mrs. Amisha Shah has also ceased to be a member of the respective Committees of the Board of Directors of the Company of which she was a member. She specifically stepped down as Member of Nomination and Remuneration Committee.

Section B – Additional Observations or Disclosures

  • Transition & Internal Role Reallocations: The Board reconstituted the Audit Committee and the Nomination and Remuneration Committee of the Company, with Mrs. Megha Joshi being inducted as a member of the respective Committees.
  • Successor Appointments: Mrs. Megha Joshi (DIN: 11851257) was appointed as an Additional Director designated as a Non-Executive Independent Director for a term of five consecutive years with effect from August 08, 2026 up to August 07, 2031, subject to the approval of the shareholders at the ensuing Annual General Meeting.

Brief Profile of Mrs. Megha Joshi: She is a qualified Chartered Accountant with over 16 years of extensive experience in banking, credit appraisal, financial analysis, and corporate finance. She holds a Bachelor of Commerce degree from The Maharaja Sayajirao University of Baroda and has completed the Moody's Analytics Credit Skills Certification. She is a member of the Institute of Chartered Accountants of India (ICAI). Since September 2025, she has been practising as the Proprietor of Megha Joshi & Co., providing consultancy services in the areas of funding, credit appraisal, and related financial matters. Prior to this, she had a distinguished career with the State Bank of India (SBI) from 2010 to 2025, where she held various positions including Credit Analyst, Assistant Vice President, Vice President, and Manager (MMGS-III). During her tenure with SBI, she was actively involved in credit appraisal, financial statement analysis, assessment of working capital and term loan requirements, due diligence, risk assessment, and review of large corporate credit proposals. She was awarded the Best Credit Analyst Award by the Hon'ble Managing Director of SBI in 2022. She possesses sectoral expertise across Banking, Infrastructure, Pharmaceuticals, Ceramics, Real Estate, Textiles, Engineering, and Power, and brings significant experience in finance, credit evaluation, corporate lending, and risk management. She is not related to any Director or Key Managerial Personnel (KMP) of the Company and is not debarred from holding the office of Director by virtue of any order passed by Securities and Exchange Board of India (SEBI) or any other such authority.

Section C – Financial & Governance Disclosures

Not Specified