Key Resolutions for Shareholder Approval

Item No. 1: Appointment of Mr. Vinay Madhukar Nayak as Non-Executive Non-Independent Director

  • Resolution Type: Ordinary Resolution
  • Director Details: DIN: 08494834
  • Current Status: Appointed as Additional Director effective April 9, 2026
  • Term: Office to be liable to retire by rotation
  • Qualifications: Master Degree in International Business from University of Wales - Cardiff, UK
  • Experience: Wide experience in retail sales and operation
  • Shareholding: Does not hold any equity shares of the Company
  • Relationship: Not related to any other Director or Key Managerial Personnel

Item No. 2: Re-appointment of Mr. Sudhir Balu Mehta as Managing Director

  • Resolution Type: Special Resolution
  • Director Details: DIN: 02215452
  • Current Tenure: Managing Director since August 7, 2021 (expiring August 7, 2026)
  • New Term: Five years from August 7, 2026 to August 6, 2031
  • Remuneration: ₹1,80,00,000 per annum (Rupees One Crore Eighty Lacs Only) inclusive of all perquisites
  • Additional Benefits:
  • Contribution to Provident Fund, Superannuation Fund or Annuity Fund
  • Gratuity payable at half month's salary per completed year of service
  • Leave encashment at end of tenure
  • Reimbursement of actual out-of-pocket business expenses
  • Reimbursement of entertainment expenses for business purposes
  • Termination: Either party may terminate with two months' written notice
  • Minimum Remuneration Clause: Payment of full remuneration even in case of company losses or inadequate profits
  • Shareholding: Holds 3,02,10,548 shares in the Company
  • Education: Commerce Graduate from University of Maharashtra

Item No. 3: Re-appointment of Ms. Shivangi Datta as Non-Executive Independent Women Director

  • Resolution Type: Special Resolution
  • Director Details: DIN: 09262501
  • Current Term: First term as Independent Director from August 7, 2021 to August 6, 2026
  • New Term: Second term of five years from August 7, 2026 to August 6, 2031
  • Qualifications: Graduate in Psychology (Hons) followed by masters in HR marketing
  • Experience: Over 14 years experience in Human Resource with expertise in HR and Marketing
  • Shareholding: Does not hold any equity shares of the Company
  • Committee Positions: Chairperson of NRC Committee, Chairperson of Audit Committee

Voting Process Details

  • Voting Method: Remote e-voting only through NSDL platform
  • Cut-off Date: Friday, June 5, 2026 for determining voting eligibility
  • Voting Period: June 8, 2026 (9:00 AM IST) to July 7, 2026 (5:00 PM IST)
  • Scrutinizer: Ms. Neeta H. Desai (Membership No. 3262, COP No. 4741) of ND & Associates, Practicing Company Secretaries
  • Result Declaration: On or before July 8, 2026
  • Result Availability: Company website (https://shraddhaprimeprojects.in/) and NSDL website (www.evoting.nsdl.com)

Document Availability

  • Available on company website: https://shraddhaprimeprojects.in/
  • Available on BSE website: https://www.bseindia.com/index.html
  • Available on NSDL e-voting platform: https://www.evoting.nsdl.com/

Financial Impact

  • The re-appointment of Mr. Sudhir Balu Mehta as Managing Director will result in annual remuneration expenditure of ₹1.8 crore
  • No remuneration disclosed for other director appointments
  • No quantified financial impact provided for other resolutions

Governance Details

All appointments are based on recommendations of the Nomination and Remuneration Committee meeting held on June 2, 2026, and approved by the Board of Directors in their meeting held on June 2, 2026.