Change in Director / Key Managerial Personnel

Nature of change: Re-appointment of Managing Director

Name and DIN: Mr. Rushil K. Thakkar (DIN: 06432117)

Effective date and tenure: Re-appointment effective from 13th August 2026 for a term of three consecutive years up to 12th August 2029

Brief profile: Mr. Rushil Thakkar is 33 years old and is covered in the Promoter Group. He is a graduate with approximately 13 years of experience in the laminate industry, MDF board industry, and laminated flooring industry. He has been associated with the company for the last 13 years, directly or indirectly. He was actively involved in the implementation of the Andhra Pradesh-based Thin & Thick MDF project as well as the Gujarat-based Jumbo Laminate Sheet manufacturing project. He has expertise in raw material quality and rates, plant and machinery functioning, customer requirements, administration and management, and budgeting in the Laminate Sheet, MDF Board, and Laminated Flooring segments.

Confirmation of eligibility: The company confirmed that to the best of their knowledge and information, and as confirmed by the director, he has not been debarred from holding the office of Director by virtue of an order of SEBI or any other such authority.

Relationship with other directors: Mr. Rushil Thakkar is the son of Mr. Krupesh Thakkar, who is Whole Time Director and Chairman of the company.

Approval process: The Board of Directors initially approved the re-appointment on 8th August 2026, which was subject to shareholder approval. The shareholders approved the re-appointment at the 32nd Annual General Meeting held on 28th September 2026.

Key Financial or Operational Approvals

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Strategic or Business Context

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Any Other Material Information

Regulatory compliance: The disclosure is made in terms of Para A of Part A of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Exchange references: The disclosure references BSE Circular No. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24 dated 20 June 2018.