Director Cessation

Mr. Amarendra Mohapatra (DIN: 03609521), Non-Executive Independent Director, will complete his second term of appointment as an Independent Director on Sunday, July 26, 2026. He shall cease to hold office as the Non-Executive Independent Director and Chairperson of the Company with effect from the close of business hours on Sunday, July 26, 2026. Consequently, he will also cease to be a Member of the Audit Committee, Nomination and Remuneration Committee, Stakeholders' Relationship Committee and Corporate Social Responsibility Committee effective the same date.

New Chairperson Appointment

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, through circular resolution passed on Friday, July 24, 2026, has unanimously approved Mr. Shailesh S Shah (DIN: 00006154) to act as Chairperson of the Company effective from Monday, July 27, 2026. He will continue in his current role as Promoter & Managing Director of the Company.

Profile of New Chairperson

Mr. Shailesh S Shah is a Post Graduate in Commerce who has been associated with the Company since its inception and played a pivotal role in laying its foundation and driving sustained growth. He has been instrumental in shaping the Company's strategic direction and long-term growth, successfully establishing and expanding manufacturing capabilities, strengthening operational base and market presence.

Relationships with Other Directors

Mr. Shailesh S. Shah is the brother of Mr. Sharad S. Shah, Whole-time Director of the Company. He is not related to any other Director or KMP of the Company. He is not debarred from holding the office of Director by virtue of any SEBI order or any other authority.

Committee Reconstitution

The Board of Directors, through circular resolution passed on July 24, 2026, approved the reconstitution of the following Committees effective from July 27, 2026:

A. Audit Committee

  • Mr. Lokanath Mishra (Chairperson, Independent Director)
  • Mrs. Sanghamitra Sarangi (Member, Independent Director)
  • Mr. Maikal Raorani (Member, Whole Time Director & CFO)
  • Mr. Abhishek Jain (Member, Independent Director)

B. Nomination & Remuneration Committee

  • Mr. Lokanath Mishra (Chairperson, Independent Director)
  • Mrs. Sanghamitra Sarangi (Member, Independent Director)
  • Mr. Abhishek Jain (Member, Independent Director)

C. Stakeholders' Relationship Committee

  • Mr. Lokanath Mishra (Chairperson, Independent Director)
  • Mrs. Sanghamitra Sarangi (Member, Independent Director)
  • Mr. Maikal Raorani (Member, Whole Time Director & CFO)
  • Mr. Abhishek Jain (Member, Independent Director)

D. Corporate Social Responsibility Committee

  • Mr. Lokanath Mishra (Chairperson, Independent Director)
  • Mrs. Sanghamitra Sarangi (Member, Independent Director)
  • Mr. Maikal Raorani (Member, Whole Time Director & CFO)
  • Mr. Abhishek Jain (Member, Independent Director)

Additional Information

The disclosure is also available on the Company's website at https://skycorp.in. The communication was digitally signed by Mr. Maikal Raorani, Whole Time Director & CFO (DIN: 00037831) on July 24, 2026.