Summary of Key Information:

Nature of Filing / Announcement: Outcome of Board Meeting

Date of Board Meeting / Approval: 16th June, 2026

Meeting Timing: Commenced at 4:11 PM IST and concluded at [time not specified] PM IST

Key Financial Highlights:

Capital Expenditure Approval:

  • The Board approved capital expenditure of INR 626 million (Indian Rupees Six Hundred Twenty-Six Million) for manufacturing components and systems for the robotics industry, including advanced robotics.
  • This represents a new line of business for the company beyond the automotive industry.

Corporate Actions:

Management Changes:

  • Resignations: Ms. Suman Poddar resigned as Company Secretary and Key Managerial Personnel, and Mr. Arjun Singh resigned as Compliance Officer, both effective from close of business hours on 16th June, 2026.
  • Appointment: Mr. Pankaj Gupta appointed as Senior Vice President (Legal), Company Secretary and Compliance Officer effective from 17th June, 2026.

Mr. Pankaj Gupta's Profile:

  • Qualified Company Secretary and LLB from University of Delhi
  • Holds Bachelors degree in Commerce from Kirori Mal College, University of Delhi
  • 27 years of experience across listed Indian groups and MNCs in manufacturing and automotive ecosystems
  • Expertise spans M&A execution, capital markets transactions, FEMA and cross-border structuring, enterprise-wide compliance architecture, ESG, and board governance oversight
  • Previously served at SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited), Goodyear India Ltd., and Aricent Technologies (Holdings) Ltd.

Other Significant Information:

Expected Benefits of New Business Line:

  • Access to new end markets and application areas beyond the automotive industry
  • Broadening of the Company's product portfolio
  • Creation of long-term growth opportunities

Company Registered Offices:

  • Regd. Office & GGN Works: Sona Enclave, Village Begumpur Khatola, Sector 35, Gurugram 122004, Haryana, India
  • Manesar Works: Plot No. 13, Sector-2 IMT Manesar, Gurugram, Haryana 122050, India