EL Forge Board Appoints Two Executive, Two Independent Directors

1. Resignation and Elevation of Mr. K.R. Srihari

Mr. K.R. Srihari resigned from his position as Chief Executive Officer of the company, effective from the close of business hours on June 17, 2026.
He was elevated to the Board as an Executive Director (Operations).
His appointment as Executive Director is for a period of 5 years, commencing June 18, 2026, and is subject to shareholder approval at the ensuing Annual General Meeting (AGM).
Profile: Mr. Srihari holds an MBA from the National Australian University. He has been with EL Forge since 2007 and was the Chief Executive Officer prior to this appointment.
Relationship: He is the son of Mr. K.V. Ramachandran, the Vice Chairman & Managing Director of the company.

2. Appointment of Mrs. Ananya Srikanth as Executive Director

Mrs. Ananya Srikanth was appointed as Executive Director (Engineering & Marketing).
The appointment is for a period of 5 years, effective June 18, 2026, and is subject to shareholder approval at the ensuing AGM.
Profile: Mrs. Srikanth is a Mechanical Engineer with a Master's degree in engineering from Purdue University and an MBA from Columbia University, New York. She has nearly 14 years of experience, starting in the Oil & Gas industry in Houston as a manufacturing and mechanical design engineer. Post-MBA, she worked for over six years specializing in M&A and corporate strategy with a Big 4 consulting firm in New York and London.
Relationship: She is the daughter of Mr. V. Srikanth, the Chairman of the company.

3. Appointment of Mr. S. Vasudevan as Independent Director

Mr. S. Vasudevan was appointed as an Additional Director in the capacity of an Independent Director.
The appointment is effective June 4, 2026, for a term of 5 years, subject to ratification by shareholders at the ensuing AGM.
Profile: Mr. Vasudevan is an experienced professional who has worked as Managing Director in the Mac group of companies and later as Wholetime Director in DLF Group and Embassy Group companies. He was responsible for launching the IT/ITES SEZ of these groups and has over four decades of industry experience.
Relationship: None disclosed.

4. Appointment of Mr. Niranjan Sivan as Independent Director

Mr. Niranjan Sivan was appointed as an Additional Director in the capacity of an Independent Director.
The appointment is effective June 4, 2026, for a term of 5 years, subject to ratification by shareholders at the ensuing AGM.
Profile: Mr. Sivan is a Chartered Accountant and a Chartered Management Accountant (London) with two decades of experience in finance, legal, and management. He currently holds an executive position at Everstage, Chennai.
Relationship: None disclosed.

5. Resignation and Appointment of Secretarial Auditor

Mrs. Satyadevi Alamuri resigned as the Secretarial Auditor of the company. Her appointment was for the financial year 2025-26 and had expired. The resignation was effective June 4, 2026.
Based on the recommendations of the Audit Committee, the Board approved the appointment of Mrs. B. Venkatalakshmi as the new Secretarial Auditor.
Mrs. Venkatalakshmi is a peer-reviewed Company Secretary in practice (Certificate No. 677).
Her appointment is for a period of 5 years, from FY 2026-27 to FY 2030-31, subject to shareholder approval at the ensuing AGM.

The 90th AGM of the company will be held on Monday, July 20, 2026, at 11:30 AM.
The venue is the company's registered office at No.1A, Sriperumbudur High Road (Via) Singaperumal Koil, Appur Village, Kattangulathur Onrium, Chengalpattu District 603204.