This disclosure, made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details the outcomes of the Board of Directors meeting held on Thursday, 23rd July 2026, which commenced at 11:00 AM and concluded at 04:00 PM.

Key Business Approved:

1. 43rd Annual General Meeting (AGM): The Board approved the notice for the 43rd AGM, scheduled to be held on Tuesday, 25th August 2026 at 11:00 AM at Maharaja Banquets, A-1/20A, Paschim Vihar, Main Rohtak Road, New Delhi-110063.

2. Financial Reporting: The Directors' Report and other related items for the financial year ended 31st March 2026 were approved.

3. Closure of Register of Members: The Register of Members and the Share Transfer Books of the Company will remain closed from 18th August 2026 to 25th August 2026 (both days inclusive) for the purpose of the AGM.

4. E-voting Arrangements:

  • Appointed National Securities Depository Limited (NSDL) for conducting Remote E-voting.
  • Appointed CA Shiva Nishad (Membership No. 560019), Partner of M/s Krishan Rakesh & Co., Chartered Accountants (Firm Registration No. 009088N), as the Scrutinizer for the e-voting process.

5. ESOP Scheme: The agenda item relating to the consideration and approval of the Employee Stock Option Scheme (ESOP Scheme) was not taken up by the Board during this meeting.

6. Alteration of Articles of Association (AOA): The Board approved the alteration of the company's AOA, subject to shareholder approval. The specific change involves the substitution of the existing Article 3 with a revised version. The new article explicitly grants the Board power to issue shares, including pursuant to various employee share-based benefit schemes like ESOS, RSUs, and Sweat Equity, as permitted under applicable laws such as the Companies Act, 2013 and the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

7. Management Change:

  • Approved the change in designation and appointment of Mr. Ankan Gupta from Executive Director to Chairman cum Managing Director of the Company for a period of five (5) years, effective from 23rd July 2026. This appointment is subject to the approval of shareholders and other statutory approvals.
  • Consequently, Mr. Govind Mishra ceased to be the Chairman of the Company.

Details of the New Chairman cum Managing Director (Annexure-I):

  • Name: Mr. Ankan Gupta
  • Date of Appointment: 23rd July 2026
  • Reason for Change: Appointment as Chairman cum Managing Director for 5 years.
  • Brief Profile: Mr. Ankan Gupta is a B.Com graduate from the University of Delhi and has qualified the CA IPCC examination. He is currently pursuing Chartered Accountancy (CA) Final and is also pursuing a Master of Business Administration (MBA) in Operations from Symbiosis School for Online and Digital Learning (SSODL). He possesses knowledge and experience in finance, accounting, taxation, auditing, corporate management, and business operations.

The disclosure was signed by Kanika Chawla, Company Secretary & Compliance Officer, from the company's registered office in Delhi.