Change in Director / Key Managerial Personnel

Nature of changes: Multiple appointments and re-appointments of directors and cost auditor approved by shareholders at the 13th Annual General Meeting held on September 28, 2026.

1. Mr. Rajesh Nanalal Shah - Re-appointment as Managing Director

  • DIN: 02038392
  • Effective date: Originally appointed in Board Meeting on August 26, 2026; shareholder approval received September 28, 2026
  • Term: 5 years
  • Profile: Associated with the company for more than 14 years, responsible for managing the affairs and operations of the Company
  • Relationships: Husband of Ms. Krishna Rajesh Shah (Director) and father of Mr. Divyam Rajesh Shah (Whole-Time Director and CFO)
  • Eligibility: Not debarred from holding office by any SEBI order or authority

2. Mr. Divyam Rajesh Shah - Re-appointment as Whole Time Director

  • Effective date: Originally appointed in Board Meeting on August 26, 2026; shareholder approval received September 28, 2026
  • Term: 5 years
  • Profile: Associated with the company for more than 13 years, responsible for procurement, production, branding & marketing activities in his capacity as Whole-Time Director and CFO
  • Relationships: Son of Mr. Rajesh Nanalal Shah (Managing Director) and Ms. Krishna Rajesh Shah (Director)
  • Eligibility: Not debarred from holding office by any SEBI order or authority

3. Mr. Rajesh Nagardas Gandhi - Appointment as Non-Executive Independent Director

  • DIN: 02644916
  • Effective date: Originally appointed as Additional Non-Executive Independent Director in Board Meeting on August 14, 2026; shareholder approval received September 28, 2026
  • Term: 5 years
  • Profile: Over four decades of experience in Radiation Physics, Industrial Inspection Services, Professional Services and Information Technology. Holds Diploma in Radiological Physics from BARC, Mumbai University. Extensive expertise in NDT/NDE techniques, industrial inspection, quality control, heat treatment and technical consultancy services. Experience across fabrication, heavy engineering, refinery, petrochemical, defence, nuclear and other industrial sectors. Founder/Director of Industrial Inspection Services Private Limited.
  • Relationships: Not related to any Directors, Key Managerial Personnel or Promoters of the Company
  • Eligibility: Not debarred from holding office by any SEBI order or authority

4. Mr. Samarth Ishwar Bhimani - Appointment as Non-Executive Independent Director

  • DIN: 11873660
  • Effective date: Originally appointed as Additional Non-Executive Independent Director in Board Meeting on August 14, 2026; shareholder approval received September 28, 2026
  • Term: 5 years
  • Profile: Civil Engineer and Licensed Surveyor with over three years of professional experience in real estate development sector. Education from Viva Institute of Technology. Associated with DevGanga Associates since March 2026. Technical foundation in Civil Engineering with hands-on industry experience and understanding of real estate development.
  • Relationships: Not related to any Directors, Key Managerial Personnel or Promoters of the Company
  • Eligibility: Not debarred from holding office by any SEBI order or authority

Key Financial or Operational Approvals

Cost Auditor Appointment:

  • M/s. Ritesh Jayswal & Associates, Cost Accountants (Firm Registration Number: 101681) re-appointed as Cost Auditor
  • Originally appointed in Board Meeting held on May 22, 2026
  • Term: 1 year
  • Firm head office in Mumbai, registered with Institute of Cost Accountants of India (ICMAI)
  • Engaged in providing Cost Audit and assurance services
  • Not related to any Directors, Key Managerial Personnel or Promoters of the Company
  • Not debarred from holding office by any SEBI order or authority

Any Other Material Information

Regulatory Compliance:

  • Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • References SEBI circulars: SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 and SEBI/HO/CFD/CFD‐PoD‐2/CIR/P/2024/185 dated December 31, 2024
  • References BSE Circular ref. no. LIST/COMP/14/2018-19 and NSE ref. no. NSE/CML/2018/24, dated June 20, 2018
  • All appointments confirmed compliant with SEBI/BSE/NSE norms