Shalby Limited - Management Change Disclosure

Key Decision and Effective Date

The Board of Directors of Shalby Limited, at its meeting held on August 12, 2026 (commencing at 5:13 p.m. and concluding at 6:15 p.m.), approved the appointment of Mr. Shanay Vikram Shah (DIN: 02726541) as an Additional Director. He is designated as a Whole‐Time Director for a term of five consecutive years, effective from August 12, 2026.

Approvals and Conditions

The appointment was made based on the recommendation of the Nomination and Remuneration Committee and prior approval of the Audit Committee. It is subject to the approval of shareholders at the ensuing 22nd Annual General Meeting (AGM), which is scheduled to be held on September 10, 2026.

Until the conclusion of this AGM, Mr. Shah will hold office as an Additional Director. Upon shareholder approval, his term as Whole-Time Director will be confirmed for the full five-year period effective from the appointment date.

Designation and Compliance

Mr. Shah will be designated as a Key Managerial Personnel (KMP) of the company as per Section 203 of the Companies Act, 2013.

The disclosure confirms that Mr. Shanay Vikram Shah is not debarred from holding the office of Director by SEBI or any other authority, in compliance with BSE Circular No. UST/COMP /14/2018‐19 dated June 20, 2018, and NSE Circular No. NSE/ CML/2018/24 dated June 20, 2018.

Director Profile and Background

Name: Mr. Shanay Vikram Shah

DIN: 02726541

Age: 35 years

Education:

  • Bachelor's degree in Science with Honors in Accounting and Finance from the University of Warwick, United Kingdom.
  • Master's degree in International Health Management from Imperial College London, United Kingdom.
  • Chartered Financial Analyst (CFA) charterholder.

Experience and Role:

  • He is one of the Promoters of Shalby Limited.
  • He has been associated with the company since October 5, 2013, accumulating over a decade of experience in the healthcare industry.
  • His experience includes oversight of the company's international business, strategy, financial operations, Human Resources, and investor relations.
  • Prior to this directorship, he was appointed as President of the company for a five-year term effective October 5, 2024.

Affiliations: He is a key member of the Youth Presidents' Organization (YPO) and is associated with industry chambers including CII, ICC, FICCI, and ASSOCHAM.

Relationships Between Directors

Mr. Shanay Vikram Shah is related to Dr. Vikram I. Shah (DIN: 00011653), who is the Promoter, Chairman, and Managing Director of the company. The nature of the relationship is that Mr. Shanay Vikram Shah is the son of Dr. Vikram I. Shah.