Change in Director / Key Managerial Personnel

Nature of change: Appointment and reappointments of directors approved at 33rd Annual General Meeting.

Mr. Prathamesh Mukund Gaikwad (DIN not disclosed):

  • Appointed as Non-Executive Independent Director effective August 14, 2026
  • Technology professional with 8+ years experience in fintech ecosystem
  • Expertise spans Supply Chain Finance, Payments, Loyalty & Rewards, and Digital Lending
  • Has led and scaled multiple startups with focus on product development, technology architecture, and go-to-market execution
  • Brings expertise in building scalable fintech platforms and data-led product innovation
  • Shareholding: Nil

Mr. Deepak Chaganlal Choudhari:

  • Reappointed as Executive Director effective September 30, 2026, retiring by rotation on March 15, 2027
  • Commerce Graduate from Shivaji University, Kolhapur
  • Over 25 years of experience in Yarn Manufacturing and Fabric Processing Business
  • Shareholding: 13,50,000 shares

Mrs. Madhubala Deepak Choudhari:

  • Reappointed as Non-Executive Independent Director effective September 30, 2026
  • Holds Bachelor Degree in Commerce
  • 12 years of varied experience in Textile field
  • Shareholding: 1,70,035 shares
  • Relationship: Spouse of Mr. Deepak Choudhari

Eligibility Confirmations:

  • All three directors provided declarations that they are not debarred from holding office of Director by virtue of any SEBI order or other authority
  • Company received consent to act as Director and declaration of non-disqualification under Companies Act, 2013 from all appointees
  • No inter-se relationship between Mr. Gaikwad and other board members

Key Financial or Operational Approvals

Reappointment of Statutory Auditors:

  • M/s ARNA & Associates, Chartered Accountants reappointed for second term of five years
  • Appointment period: From 33rd AGM until conclusion of 38th Annual General Meeting
  • Audit fee: ₹1,10,000 plus taxes annually, subject to revision by board
  • No material changes in statutory auditor fees
  • Basis for recommendation: Eligibility criteria under SEBI Regulations and Companies Act, 2013, considering audit experience, capability, and independence assessment
  • Firm has valid Peer Review certificate and serves large listed companies across industries

Strategic or Business Context

No specific business outlook, risks, trends, or strategic commentary disclosed in the filing.

Any Other Material Information

  • Filing made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Reference to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026
  • Scrutinizer's Report confirmed member approvals at AGM held on September 30, 2026