Power Mech Independent Director Paranjpe Retires

Name of Resigning KMP: Mr. Vivek Paranjpe (DIN: 03378566)
Designation: Non-Executive and Independent Director
Reason for Resignation: Cessation due to completion of his second and final term as a Non-Executive and Independent Director of the Company.
Effective Date of Resignation: Cessation with effect from the close of business hours on August 30, 2026.
Date of Resignation Letter: Not Specified
Duration in Role: Not Specified
Board’s Acknowledgment / Statement: The Board of Directors places on record its deep appreciation for the valuable contributions, effective participation, and immense guidance provided by Mr. Vivek Paranjpe during his tenure on the Board.
Replacement Appointed: Not Specified
Regulatory Compliance Statement: Disclosure made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
Delay in Disclosure: Not Specified

Transition & Internal Role Reallocations: Mr. Paranjpe served as Chairman of the Nomination and Remuneration Committee and was a member of the Audit Committee.
Successor Appointments: Not Specified

Not Specified