Shalby Appoints Tushar Shah Executive Director

Change in Director / Key Managerial Personnel

• Nature of change: Appointment of Mr. Tushar Shah (DIN: 06739455) as an Additional Director designated as an Executive Director of the Company.
• Effective date: November 3, 2026, for a consecutive term of 5 years.
• Approval process: Approved by the Board of Directors at its meeting held on November 3, 2026 (commenced at 3:28 p.m., concluded at 3:58 p.m.), based on the recommendation of the Nomination and Remuneration Committee. Subject to approval of shareholders through Postal Ballot process.
• Profile and qualifications: Mr. Tushar Shah, aged 48 years, is a Fellow Member of the Institute of Company Secretaries of India (ICSI) and an Associate Member of the Institute of Cost Accountants of India (ICMAI). He holds a Bachelor of Laws (Special) and a Master of Commerce degree from Gujarat University, Ahmedabad, and has completed specialised diplomas in Labour Law Practice and Taxation Law Practice from Gujarat University.
• Professional experience: Brings over 23 years of professional experience spanning corporate governance, secretarial and legal affairs, IPO, Mergers & Acquisition, regulatory compliance, finance and investor relations, Insurance, IPR, Costing. Currently serving as Vice President & Company Secretary of Shalby Limited. Previous experience includes leadership positions at Sadbhav Engineering Limited, Dishman Carbogen Amcis Limited, Transformers and Rectifiers (India) Limited, Adani Wilmar Limited, and Adani Enterprises Limited.
• Professional affiliations: Past Chairman of the Ahmedabad Chapter of ICSI. Member of the Intellectual Property Rights and Law Committee of the Gujarat Chamber of Commerce & Industry.
• Other positions: Holds the position of Company Secretary and Key Managerial Personnel of Shalby Medtech Limited (wholly-owned subsidiary of Shalby Limited). Advisor to the Board of PK Healthcare Private Limited (subsidiary company).
• Relationship disclosure: Mr. Tushar Shah is not related to any Director or Key Managerial Personnel of the Company.
• Regulatory compliance: The appointment includes verification that Mr. Shah is not debarred from holding office of Director pursuant to any order issued by Securities and Exchange Board of India or any other authority. Declaration obtained pursuant to BSE Circular No. UST/COMP/14/2018-19 dated June 20, 2018, and NSE Circular No. NSE/CML/2018/24 dated June 20, 2018.

Key Financial or Operational Approvals

No financial results, fundraising, or operational approvals were mentioned in this disclosure.

Strategic or Business Context

No strategic or business context, outlook commentary, or operational updates were provided in this disclosure.

Any Other Material Information

• The disclosure was made pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30.
• Reference made to SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023.
• The disclosure includes all required details as per Annexure A format specified under SEBI regulations.