Key Appointments Effective 17th July 2026

Change in Designation

  • Mr. Ashish Ramesh Mahendrakar (DIN: 03584695): Changed from Executive Director to Managing Director, subject to member approval. Profile: 18+ years experience in Accounts, Banking & Finance, HR, and Administration. Holds Masters in Management Studies (MMS).

New Director Appointments

  • Mr. Yogesh Kumar (DIN: 10266903): Appointed as Additional Non-Executive (Non-Independent) Director, liable to retire by rotation. Currently Purchase Executive at Five Vision Promoters Pvt. Ltd. (The Opulent Mall), Ghaziabad. BCA graduate with experience in procurement, inventory control, and store management.
  • Ms. Shivi Jindal (DIN: 07625672): Appointed as Additional Non-Executive (Independent) Director for 5-year term, not liable to retire by rotation. Commerce and law professional with M.Com., PG Diploma in Business Administration (HR), and LL.B. Passed Independent Director Proficiency Test.
  • Ms. Gitika Garg (DIN: 10640037): Appointed as Additional Non-Executive (Independent) Director for 5-year term, not liable to retire by rotation. Experienced Academic Counsellor and Science Educator with 10+ years expertise, particularly in NEET preparation and CBSE curriculum.
  • Ms. Apra Sharma (DIN: 1049103): Appointed as Additional Non-Executive (Independent) Director for 5-year term, not liable to retire by rotation. Qualified Company Secretary (ACS) with experience in corporate secretarial functions and regulatory compliance.

CFO Appointment

  • Ms. Soni Agarwal: Appointed as Chief Financial Officer and Key Managerial Personnel with effect from 17th July 2026. Possesses experience in business management, finance, corporate strategy and administration.

Resignations Effective 17th July 2026

Director Resignations

  • Mr. Amit Kumar Bharti (DIN: 07899905): Resigned as Non-Executive Independent Director and from all committee positions. Reason: pre-occupation in other professional engagements. Confirmed no material reasons other than stated and no disagreements with board/management.
  • Mr. Shireen Mohd Haneef Khan (DIN: 08669626): Resigned as Non-Executive Independent Director and from all committee positions. Confirmed no material reasons other than stated and no disagreements with board/management.
  • Mr. Bhimsen Vishwanath Pawar (DIN: 05359248): Resigned as Executive Director and from all committee positions. Confirmed no disagreements with board/management and no monetary claims against company.

CFO Resignation

  • Mr. Ashish Ramesh Mahendrakar: Resigned as Chief Financial Officer with effect from close of business hours on 17th July 2026. Reason: increasing professional commitments and other preoccupations. Was appointed CFO on 03/08/2020.

Committee Reconstitution

Effective from conclusion of Board Meeting on 17th July 2026:

Audit Committee

  • Chairperson: Shivi Jindal (Non-Executive Independent Director)
  • Member: Apra Sharma (Non-Executive Independent Director)
  • Member: Ashish Ramesh Mahendrakar (Executive Director)

Nomination and Remuneration Committee

  • Chairperson: Shivi Jindal (Non-Executive Independent Director)
  • Member: Apra Sharma (Non-Executive Independent Director)
  • Member: Yogesh Kumar (Non-Executive Non-Independent Director)

Stakeholders' Relationship Committee

  • Chairperson: Apra Sharma (Non-Executive Non-Independent Director)
  • Member: Gitika Garg (Non-Executive Independent Director)
  • Member: Ashish Ramesh Mahendrakar (Executive Director)

Meeting Details

Board Meeting commenced at 5:00 PM IST and concluded at 6:00 PM IST on 17th July 2026.

Regulatory Compliance Notes

  • All appointments subject to applicable provisions of Companies Act, 2013 and SEBI Listing Regulations
  • Disclosure made pursuant to SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026
  • Company confirms none of the appointees are debarred from holding director office by SEBI or any authority
  • No relationships exist between newly appointed directors and existing directors

Filing Status

Company acknowledges delayed intimation of board meeting outcome to stock exchanges beyond prescribed timeline, attributing it to administrative oversight during management transition. The current filing rectifies inadvertent clerical errors in original disclosure.