Section A – KMP Resignation Details
Name of Resigning KMP: Alexis Benjamin Riols
Designation: Non-Executive Non-Independent Director
Reason for Resignation: Professional commitments and other engagements
Effective Date of Resignation: Close of business hours on October 28, 2026
Date of Resignation Letter: October 21, 2026
Duration in Role: Not Specified
Board's Acknowledgment / Statement: Not Specified
Replacement Appointed: Sanjeev Gupta appointed as Executive Director and Deputy CEO
Regulatory Compliance Statement: Compliance with SEBI Listing Regulations Regulation 30, 51 read with Schedule III and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Delay in Disclosure: Not Specified
Section B – Additional Observations or Disclosures
Transition & Internal Role Reallocations: Mr. Sanjeev Gupta has been appointed as Additional Director in the category of Executive Director and designated as "Deputy CEO" effective October 29, 2026. This appointment is in furtherance to the company's intimation dated October 08, 2026, wherein it was informed that Group ADP has nominated replacement for Mr. Riols as Executive Director designated as "Deputy CEO".
Successor Appointments: Mr. Sanjeev Gupta (DIN: 11709171), aged about 52 years, is a graduate of the French business school HEC. He has over 25 years of professional experience in France, Gabon, Nigeria, United Arab Emirates, and India. He has worked on large capital projects including the development of the Anyala offshore oil & gas block (Niger Delta, Nigeria) and the divestment of Shell's partnership in the Majnoon Oil field (Southern Iraq). He has held roles including CFO, Project Finance, Treasurer and M&A with corporations such as Royal Dutch Shell, SLB (formerly Schlumberger), and Groupe ADP. He joined Groupe ADP during January 2024. His appointment is for a period of three years subject to shareholder approval.
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: The appointment of Mr. Sanjeev Gupta was based on the recommendation of the Nomination and Remuneration Committee. He is not related to any Director of the Company and is not debarred from holding the office of Director by virtue of any order of SEBI or any other authority.