Board Meeting Details

The Board of Directors meeting was held on 12th November 2026 at 04:15 PM at the Registered Office situated at 232, Shri Mohan Parisar Zone-1 M.P. Nagar, Bhopal, Madhya Pradesh 462011.

Directors Present: Avneesh Sabherwal, Shruti Dange, Sanjay Wase

Chairperson: Mr. Sanjay Wase was unanimously elected as Chairperson

Agenda Item 1: Approval of Financial Results

The Board approved the unaudited standalone financial results of the Company for the quarter and half year ended 30th September 2026. The Audit Committee had reviewed and recommended the results. The Limited Review Report issued by the Statutory Auditors was noted. Directors were authorized to sign and submit the results to Stock Exchanges.

Agenda Item 2: Resignation of Company Secretary

CS Kriti Singh resigned from the post of Company Secretary & Compliance Officer and Key Managerial Personnel due to personal reasons with immediate effect. The resignation was accepted and taken on record.

Agenda Item 3: Resignation of CEO

Mr. Nitin Bhondwe resigned from the post of Chief Executive Officer (CEO) and Key Managerial Personnel with immediate effect. The resignation was accepted and taken on record.

Agenda Item 4: Resignation of Directors

The Board accepted the resignations of three directors with immediate effect due to "pre occupation of business":

  • Mr. Shravan Kumar Jaiswal (DIN: 11529021)
  • Mr. Avneesh Sabherwal (DIN: 00427099)
  • Ms. Shruti Dange (DIN: 07231455)

The resigning directors confirmed no other material reasons for resignation. They were members of Board Committees, and composition will be reconstituted accordingly.

Annexure Details for Director Resignations

Mr. Shravan Kumar Jaiswal:

  • Reason: Personal reasons
  • Date of Cessation: 12.11.2026
  • Originally appointed as Additional Director effective 01/09/2026 under Section 161(1) of Companies Act, 2013

Mr. Avneesh Sabherwal:

  • Reason: Personal reasons
  • Date of Cessation: 12.11.2026

Ms. Shruti Dange:

  • Reason: Personal reasons
  • Date of Cessation: 12.11.2026

For all three directors: No relationship disclosure between directors, no letter of resignation provided, no information on other listed entity directorships.

Agenda Item 5: Appointment of New Company Secretary

CS Apurv Maheshwari (Membership No. A72033) was appointed as Company Secretary & Compliance Officer and Key Managerial Personnel with immediate effect, based on Nomination and Remuneration Committee recommendation.

Agenda Item 6: Appointment of New CFO

Mr. Nischal Aggarwal was appointed as Chief Financial Officer (CFO) and Key Managerial Personnel with immediate effect, based on recommendations from Audit Committee and Nomination and Remuneration Committee.

Agenda Item 7: Appointment of New Directors

Mr. S. Babu (DIN: 11009188) appointed as Additional Director in category of Non-Executive Independent Director with immediate effect, subject to member approval. Submitted declaration of independence.

Mr. Abhishek Jaiswal (DIN: 11529020) appointed as Additional Director in category of Non-Executive Director with immediate effect, to hold office until next General Meeting or within three months, subject to member approval. Liable to retire by rotation.

Member approval to be sought within three months via postal ballot/e-voting as per Regulation 17(1C) of SEBI Listing Regulations.

Financial Impact

Not quantified in the disclosure for director changes and appointments. Financial impact of Q2 FY27 results not detailed in this filing.

Capital Structure Impact

No direct impact on share capital disclosed. Director changes affect governance structure but not equity structure.