Change in Director / Key Managerial Personnel

Nature of changes: Multiple appointments and one resignation

Appointments:

  • Mr. Badatala Sreenivasa Rao (DIN: 08263305) appointed as Additional Non-Executive & Independent Director effective July 21, 2026 for 5 years, subject to shareholder approval
  • Mr. Krishnaprasad Sunder Rao (DIN: 08640069) appointed as Additional Director (Whole Time Director) effective July 21, 2026 for 5 years, subject to shareholder approval
  • Mr. Mithlesh Jaiswal (DIN: 07946915) appointed as Additional Director (Executive Director) effective July 21, 2026 for 5 years, subject to shareholder approval (continues as Chief Financial Officer)
  • Ms. Ekta Rathod (ACS 80798) appointed as Company Secretary & Compliance Officer and Key Managerial Personnel effective July 21, 2026

Resignation:

  • Mr. Gautam Suri (DIN: 08180233) resigned as Managing Director due to medical reasons effective close of business hours on July 21, 2026

Effective Dates and Tenure:

All appointments effective July 21, 2026 for five-year terms, subject to shareholder approval via special resolution

Brief Profiles and Qualifications:

  • Mr. Badatala Sreenivasa Rao: Post Graduate in Agriculture specializing in Genetics & Plant Breeding. Former banker with experience heading banking business, credit control, credit monitoring, and agribusiness vertical. Former Chief Financial Officer and General Manager overseeing Finance, Planning and Investor Relations of a large public sector bank. Former member of Management Committee of Canbank Venture Capital.
  • Mr. Krishnaprasad Sunder Rao: Commerce graduate with 20 years of experience in infrastructure and construction industry, specializing in construction products and services for large-scale infrastructure projects including highways, bridges, metros, tunnels, commercial developments, and industrial projects.
  • Mr. Mithlesh Jaiswal: Bachelor degree in Commerce from Mumbai University, aged 58 years, with 35 years of experience in Accounts & Taxation with leading organizations in NBFC, manufacturing, trading and service industries. Currently heads Accounts & Finance Department and continues as Chief Financial Officer.
  • Ms. Ekta Rathod: Qualified Company Secretary and Associate Member of Institute of Company Secretaries of India (ACS 80798). Bachelor of Commerce (B.Com.) degree from Mithibai College of Arts, Chauhan Institute of Science and Amrutben Jivanlal College of Commerce and Economics. Experience in secretarial compliance with sound understanding of corporate and regulatory compliance matters.

Confirmation of Eligibility:

All appointed directors confirmed as not debarred from holding office by SEBI or any other authority. All new directors confirmed as not related to any existing directors/promoters and satisfy independence criteria under Companies Act, 2013 and SEBI Listing Regulations.

Previous KMP:

Mr. Gautam Suri was the previous Managing Director who resigned due to medical reasons. The Board placed on record its appreciation for his valuable contribution and guidance during his association with the Company.

Board Meeting Details:

The Board meeting was held on July 21, 2026, starting at 3:45 p.m. and ending at 4:30 p.m. The Nomination and Remuneration Committee recommended the appointments.

Key Financial or Operational Approvals

This section does not contain financial or operational approval data beyond the director appointments and resignations.

Strategic or Business Context

This section does not contain strategic or business context information beyond the management changes.

Any Other Material Information

Regulatory Compliance: The intimations are made pursuant to Regulation 30 read with Schedule III Part A Para A of SEBI Listing Regulations and SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.