This disclosure, made pursuant to SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 (Regulation 30 & 33), outlines the outcomes of the Board of Directors meeting held on July 7, 2026. The meeting commenced at 11:00 A.M. and concluded at 12:50 P.M.

Key Decisions and Recommendations:

1. Annual General Meeting (AGM) Schedule:

  • The 82nd Annual General Meeting (AGM) of the company is scheduled to be held on Wednesday, August 26, 2026.
  • The venue for the AGM is Rehana Jattan, Phagwara.

2. Record Date and Book Closure:

  • The register of members and share transfer books will be closed for the purpose of the AGM from August 21, 2026, to August 26, 2026 (both days inclusive).
  • The cut-off date for determining shareholders eligible for e-voting and for the purpose of payment of dividend (if declared) is Thursday, August 20, 2026.

3. Change in Management/Directors:

The Board has recommended the following appointments for shareholder approval at the ensuing AGM:

  • Re-appointment of Managing Director: The Board recommended the re-appointment of Sh. Kuldip Krishan Sardana (DIN: 00398376) as Managing Director. He retires by rotation at the upcoming AGM.
  • Re-appointment of Non-Executive Director: The Board recommended the re-appointment of Smt. Shalini Umesh Chablani (DIN: 00885883) as a Non-Executive Director. Her new term is proposed to be effective from September 1, 2026, to August 31, 2029 (a period of 3 years), subject to shareholder approval. This follows the expiry of her existing term on August 31, 2026.
  • Appointment of New Independent Directors:
  • Sh. Anil Sikka (DIN: 11746104) is recommended for appointment as a Non-Executive Independent Director for a period of 5 years, from August 26, 2026, to August 25, 2031.
  • Sh. Sanjeev Kumar (DIN: 10783179) is recommended for appointment as a Non-Executive Independent Director for a period of 5 years, from August 26, 2026, to August 25, 2031.

Financial Impact:

The disclosure does not quantify any immediate financial impact resulting from these board recommendations. The appointments are subject to shareholder approval at the AGM.

Disclosure and Signatory:

The filing was submitted to both BSE Limited and the National Stock Exchange of India Limited. It was digitally signed by Aman Deep Setia, Sr. Vice President (Finance) & Company Secretary, on July 7, 2026, at 13:05:01 IST.