Change in Director / Key Managerial Personnel

This disclosure does not contain information about changes in directors or key managerial personnel. It exclusively concerns the appointment and retirement of auditors.

Key Financial or Operational Approvals

The 53rd General Meeting of shareholders held on September 23, 2026, approved the following appointments:

  • Appointment of Secretarial Auditor: M/s L.N. Joshi & Co (CPN:4216), Practicing Company Secretaries, was appointed as the Secretarial Auditor of the Company. The appointment is for a period of 5 (five) consecutive years, effective from the conclusion of the 53rd Annual General Meeting (AGM) to the conclusion of the 58th AGM. The appointment was made in line with Regulation 24A and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2024. The firm has over 25 years of experience in corporate laws, securities laws, due diligence, corporate restructuring, secretarial audits, and regulatory compliances.
  • Appointment of Statutory Auditor: M/s S.N. Nanda & Co, Chartered Accountants (FRN:000685N), was appointed as the Statutory Auditor of the Company. The appointment is for a period of 5 (five) consecutive years, effective from the conclusion of the 53rd AGM to the conclusion of the 58th AGM. The appointment was made in line with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2024. The firm has over 60 years of experience in auditing companies, public sector undertakings, banks, and other organizations.
  • Retirement of Statutory Auditor: M/s V.S. Somani and Co., Chartered Accountants (FRN:117589W), retired as the Statutory Auditor of the Company upon completion of their term. Their appointment date was September 24, 2021. The retirement is in line with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2024.

Both new appointments were initially approved in a Board Meeting held on August 12, 2026, and subsequently ratified by shareholders at the General Meeting on September 23, 2026.

Strategic or Business Context

No strategic or business context, commentary on outlook, risks, or operational plans was disclosed in this filing.

Any Other Material Information

  • The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and specifically refers to SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015.
  • For all appointments, the disclosure confirms that there is no relationship between the audit firms and the directors of the company ("Not Applicable").
  • The letter was signed by Govardhan M. Dhoot, Chairman and Managing Director (DIN:01240086), on September 24, 2026.