Management Changes

Resignation of Managing Director

  • Mohammad Mehmood Qureshi (DIN: 02839611) has resigned from the position of Managing Director and Director of the Company.
  • Effective from: Close of business hours on June 02, 2026
  • Reason for resignation: Personal reasons and other professional commitments
  • The director confirmed there are no other material reasons for resignation beyond those mentioned in the resignation letter

Retirement of Whole Time Director & CEO

  • Gulzeb Ahmed (DIN: 06546660) has retired from the position of Whole Time Director and Chief Executive Officer (CEO) of the Company.
  • Effective from: Close of business hours on June 02, 2026
  • Reason: Expressed unwillingness to continue for the next term of appointment in these capacities
  • Mr. Ahmed was appointed as CEO on April 22, 2025

Continued Role

  • Gulzeb Ahmed will continue to serve as the Chief Financial Officer (CFO) of the Company despite stepping down from his Whole Time Director and CEO roles.

Documentation

  • The disclosure includes signed resignation letter from Mohammad Mehmood Qureshi dated June 02, 2026
  • Includes signed retirement letter from Gulzeb Ahmed dated June 02, 2026
  • Both documents were digitally signed by Nikhil Sundrani on June 03, 2026 at 15:19:05 +05'30'