This is a regulatory disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding changes to the company's Key Managerial Personnel (KMP).

The Board of Directors meeting was held on November 12, 2026, commencing at 11:00 AM IST and concluding at 01:15 PM IST. The following items were approved:

1. Re-designation of Mr. Mullapudi Lokeswara Rao

  • Mr. Mullapudi Lokeswara Rao (DIN: 00989447) is to be re-designated from Managing Director to Whole-Time Director.
  • This re-designation is subject to the approval of shareholders at an ensuing Postal Ballot.
  • If approved, his new term as Whole-Time Director will be for 3 years, from December 21, 2026, to December 20, 2029.
  • His profile notes he has over 50 years of experience in the machine tools industry and is crucial for the company's operations.
  • He is related to other directors: Mr. M. Srinivas, Mr. M. Srikrishna, and Ms. M. Likhitha.
  • He has not been debarred from holding the office of director by any authority.

2. Re-designation and Appointment of Mr. Srinivas Mullapudi

  • Mr. Srinivas Mullapudi (DIN: 00917565) is to be re-designated from Whole-Time Director to Managing Director.
  • This appointment is subject to the approval of shareholders at an ensuing Postal Ballot.
  • If approved, his term as Managing Director will be for 3 years, from December 21, 2026, to December 20, 2029.
  • His profile notes he is 58 years old with over 30 years of experience in the machine tools industry. He holds a BE in Mechanical Engineering and an MS in Manufacturing Engineering. He has been a Whole-Time Director for the past 20 years and currently oversees the Auto Component Division and new diversifications.
  • He is related to other directors: Mr. M. Lokeswara Rao, Mr. M. Srikrishna, and Ms. M. Likhitha.
  • He has not been debarred from holding the office of director by any authority.

3. Resignation of Mr. Pusuluru Kodanda Rami Reddy

  • Mr. Pusuluru Kodanda Rami Reddy resigned from his position as Company Secretary and Compliance Officer.
  • His resignation was effective from the closing of business hours on October 10, 2026, as per a prior intimation dated October 01, 2026.
  • The Board took note of and accepted this resignation.

4. Appointment of Mr. Mohit Yadav

  • Mr. Mohit Yadav was appointed as Company Secretary, Compliance Officer, and Key Managerial Personnel (KMP) of the company.
  • His appointment is effective from November 13, 2026.
  • His term is described as full-time employment.
  • His profile notes he is an Associate Member of the Institute of Company Secretaries of India (Membership No: A80660) with over 2 years of combined professional and trainee experience in corporate secretarial, legal, and regulatory compliance.

The disclosure is made in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.