Section A – KMP Resignation Details

Mr. Ramesh Chand Gupta

  • Name of Resigning KMP: Mr. Ramesh Chand Gupta
  • Designation: Independent Director
  • Reason for Resignation: Personal pre-occupations and other commitments
  • Effective Date of Resignation: July 14, 2026 (close of business hours)
  • Date of Resignation Letter: July 14, 2026
  • Board's Acknowledgment / Statement: Not Specified
  • Replacement Appointed: Not Specified
  • Regulatory Compliance Statement: Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026
  • Delay in Disclosure: Company acknowledged delay due to Corporate Insolvency Resolution Process (CIRP) status and need for legal opinion

Committee Positions Vacated:

  • Audit Committee: Member
  • Nomination and Remuneration Committee: Member
  • Risk Management Committee: Member

Mr. Subhash Chander Setia

  • Name of Resigning KMP: Mr. Subhash Chander Setia
  • Designation: Independent Director
  • Reason for Resignation: Ill health and other commitments
  • Effective Date of Resignation: July 14, 2026 (close of business hours)
  • Date of Resignation Letter: July 14, 2026 (incomplete letter provided)
  • Board's Acknowledgment / Statement: Not Specified
  • Replacement Appointed: Not Specified
  • Regulatory Compliance Statement: Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026
  • Delay in Disclosure: Company acknowledged delay due to Corporate Insolvency Resolution Process (CIRP) status and need for legal opinion

Committee Positions Vacated:

  • Audit Committee: Chairperson
  • Nomination and Remuneration Committee: Member
  • Stakeholders Relationship Committee: Chairperson
  • Risk Management Committee: Chairperson
  • Corporate Social Responsibility Committee: Chairperson

Dr. Rakshita Shharma

  • Name of Resigning KMP: Dr. Rakshita Shharma
  • Designation: Independent Director
  • Reason for Resignation: Post father's demise, no longer in position to dedicate time and effort to company affairs
  • Effective Date of Resignation: July 14, 2026 (close of business hours)
  • Date of Resignation Letter: July 14, 2026
  • Board's Acknowledgment / Statement: Not Specified
  • Replacement Appointed: Not Specified
  • Regulatory Compliance Statement: Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026
  • Delay in Disclosure: Company acknowledged delay due to Corporate Insolvency Resolution Process (CIRP) status and need for legal opinion

Committee Positions Vacated:

  • Nomination and Remuneration Committee: Chairperson

Section B – Additional Observations or Disclosures

  • Corporate Insolvency Context: Company is undergoing Corporate Insolvency Resolution Process (CIRP) vide Hon'ble National Company Law Tribunal, New Delhi Bench order dated April 30, 2026 under Insolvency and Bankruptcy Code, 2016
  • Resolution Professional: Mr. Manoj Kumar Anand (IBBI Registration No.: IBBI/IPA-001/IP-P00084/2017-2018/10180) appointed as Interim Resolution Professional and continued as Resolution Professional by committee of creditors (CoC) in meeting held on June 10, 2026
  • Disclosure Delay Reason: Resolution Professional sought legal opinion regarding resignation of all three independent directors, causing minor delay in intimation to exchanges
  • Confirmation of No Other Material Reasons: All three directors confirmed no material reasons for resignation other than those provided in their resignation letters

Section C – Financial & Governance Disclosures

Not Specified