This disclosure to the National Stock Exchange of India Limited and BSE Limited outlines the outcomes of the Board of Directors meeting held on August 12, 2026, in accordance with SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, specifically Regulations 30 and 33.

The meeting commenced at 3:30 PM and concluded at 5:05 PM.

Key Resolutions Passed:

1. Approval of Financial Results

The Board approved the Un-Audited Financial Results (both Consolidated and Standalone) for the quarter ended June 30, 2026. The following documents were referenced as enclosed with the submission:

  • Un-Audited Consolidated and Standalone Financial Results for the Quarter ended June 30, 2026.
  • Limited Review Report issued by the company's Statutory Auditors, M/s. G. M. Kapadia & Co., Chartered Accountants, on the aforementioned financial results.

2. Appointment of Mr. Vatsal P. Shah

Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. Vatsal P. Shah (DIN: 08125055) as an Additional Director in the category of Non-Executive Non-Independent Director. The appointment is effective from August 12, 2026, and is subject to approval by shareholders through a Postal Ballot. He will be liable to retire by rotation.

Background of Mr. Vatsal P. Shah: He holds a Bachelor of Science in Business Administration (BSBA) from Northeastern University and a Master of Science (M.S.) in Business Analytics from the University of Miami. He is a Director of MICL Global Inc. (a wholly-owned subsidiary of Man Infraconstruction Limited) and a member of the promoter group. He has provided strategic leadership for the company's international operations since 2020, with expertise in cross-border business management, corporate strategy, and business development. He is the son of Mr. Parag K. Shah (Chairman) and brother of Mr. Manan P. Shah (Managing Director). He is not debarred from holding the office of director by any SEBI Order or other authority.

3. Appointment of Mr. Sivaramakrishnan S. Iyer

Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. Sivaramakrishnan S. Iyer (DIN: 00503487) as an Additional Director in the category of Non-Executive Independent Director. The appointment is effective from August 12, 2026, for a first term of five (5) consecutive years, and is subject to approval by shareholders through a Postal Ballot. He will not be liable to retire by rotation.

Background of Mr. Sivaramakrishnan S. Iyer: He is a Fellow Member of the Institute of Chartered Accountants of India (ICAI) and an Associate Member of the Institute of Company Secretaries of India (ICSI). He has over 35 years of post-qualification experience. He acts as a strategic advisor specializing in Corporate Finance, Debt/Equity fund raising, Mergers/Acquisitions, and Capital Structuring. He is actively engaged by various private investors in India for advising them on their investments. He is not related to any of the other directors of the company and is not debarred from holding the office of director by any SEBI Order or other authority.

4. Re-designation of Mr. Parag K. Shah

The Board re-designated and appointed Mr. Parag K. Shah from Non-Executive Director to Chairman of the Company with effect from August 12, 2026.

Compliance

All disclosures are made in accordance with Regulation 30 of the SEBI LODR Regulations and pursuant to SEBI Circular No. SEBI/H0/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The required details for the director appointments are provided in the enclosed Annexure-1.

The letter is signed by Mr. Durgesh Dingankar, Company Secretary (Membership No.: F7007).