Krishna Defence Declares 12.5% Dividend, Appoints Directors

Date: July 15, 2026

Appointment of Mr. Harshadsinh Mahida as Whole-time Director

Name: Mr. Harshadsinh Mahida (DIN: 11760208)
Designation: Whole-time Director
Type of change: Appointment
Effective date: June 17, 2026
Term: Five years
Profile: Bachelor of Engineering (Mechanical), over 29 years of experience managing multi-site operations including Pipes & Tooling, CNC shop, Machine shop, Maintenance, Production Planning & Control. Currently serves as Sr. Manager-(Operation) in Defence Manufacturing Unit.
Relationship: Not related to any other director
Compliance: Not debarred from holding director office by SEBI or any other authority

Re-appointment of Mr. Ankur Ashwin Shah as Managing Director

Name: Mr. Ankur Ashwin Shah
Designation: Managing Director
Type of change: Re-appointment
Effective date: April 01, 2026
Term: Five years
Profile: Originally appointed as first director on September 10, 2013, designated as Managing Director from April 01, 2015. Bachelor of Engineering (Production) from University of Bombay, 25 years experience in steel work including Smelting, Rolling, Drawing, Heat Treatment. Leads overall business operations.
Relationship: Not related to any director except Mrs. Preyal Shah (spouse)
Compliance: Not debarred from holding director office by SEBI or any other authority

Re-appointment of Mr. Divyakant Zaveri as Independent Director

Name: Mr. Divyakant Zaveri
Designation: Independent Director
Type of change: Re-appointment
Effective date: August 23, 2026
Term: Five years
Profile: Bachelor of Commerce from The Maharaja Sayajirao University of Baroda (1970), Chartered Accountant from ICAI (1974, Rank Holder). Over five decades of experience in corporate finance, investment management, risk management, financial planning, taxation, and mergers and acquisitions.
Relationship: Not related to any director
Compliance: Not debarred from holding director office by SEBI or any other authority

Re-appointment of Mr. Jaykumar Toshniwal as Independent Director

Name: Mr. Jaykumar Toshniwal
Designation: Independent Director
Type of change: Re-appointment
Effective date: August 23, 2026
Term: Five years
Profile: Master of Commerce, Chartered Accountant, Post Graduate Degree in Management from IIM Ahmedabad. Active in Indian capital markets for 35 years with rich experience in finance and capital markets.
Relationship: Not related to any director
Compliance: Not debarred from holding director office by SEBI or any other authority

Statutory Auditors - CNK & ASSOCIATES LLP

Appointment date: July 15, 2026
Term: Financial Year 2026-27 till 2030-31
Reason: Appointment as per amended provisions of SEBI (LODR), 2015
Profile: All services firm specializing in professional services established in 1936, third generation firm catering to diverse businesses with emphasis on MSME Sector

Secretarial Auditors - Prerna Bokil & Associates

Appointment date: July 15, 2026
Term: Financial Year 2026-27 till 2030-31
Reason: Appointment as per amended provisions of SEBI (LODR), 2015
Profile: Peer-reviewed Practicing Company Secretaries firm with experienced team, experts in corporate & allied laws including SEBI, FEMA, IPR and restructuring matters

The 13th Annual General Meeting approved the following items subject to requisite approvals and receipt of scrutinizer's report:

1. Appointment of Statutory Auditors

2. Appointment of Secretarial Auditors

3. Appointment of Mr. Harshadsinh Mahida as Whole-time Director

4. Re-appointment of Mr. Ankur Ashwin Shah as Managing Director

5. Re-appointment of Mr. Divyakant Zaveri as Independent Director

6. Re-appointment of Mr. Jaykumar Toshniwal as Independent Director

7. Alteration of Memorandum of Association

8. Alteration of Articles of Association

9. Declaration of Final Dividend for FY 2025-26 of 12.5% per equity share

Memorandum of Association Alterations:

Expanded object clause to include designing, developing, engineering, manufacturing, integrating, testing, commissioning defense and dairy equipment
Added business activities for import/export, marketing, distribution of defense equipment, homeland security, dairy equipment using various metals
Included manufacturing of special metals and alloys including Titanium, Molybdenum, Copper, etc.
Added comprehensive provisions for arms, ammunition, weapons, defense equipment manufacturing subject to Arms Act, 1959 and other applicable laws
Expanded to include defense, aerospace, naval, marine, underwater, homeland security, space systems, drones, unmanned systems, and related technologies
Modified investment clause to allow investment of surplus funds in shares, stocks, securities, mutual funds, bonds, and other financial instruments

Articles of Association Alterations:

Clause 129(xiv) modified to allow investment and dealing with company money not immediately required in shares, stocks, securities, mutual funds, bonds, and other financial instruments, subject to Section 180 of Companies Act, 2013