Key Board Decisions and Approvals

1. Scrutinizer Appointment for EGM

  • Appointed CS Deepak Chauhan, Practicing Company Secretary as Scrutinizer for remote e-voting process
  • E-voting period: 31st August, 2026 (9:00 AM IST) to 2nd September, 2026 (5:00 PM IST)

2. Employee Stock Option Plan (ESOP) 2026

  • Approved formulation of "Susan Electricals India Limited - Employee Stock Option Plan, 2026" (SEIL ESOP, 2026)
  • Plan compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
  • Maximum options available: 204,000 employee stock options
  • Each option convertible to 1 equity share of face value ₹10 each
  • Total shares covered: 204,000 equity shares
  • Exercise price determined by Compensation Committee, ranging from face value (₹10) to market price at grant time
  • Minimum vesting period: 1 year from grant date
  • Maximum vesting period: up to 4 years
  • Vesting linked to achievement of key organizational performance metrics
  • Plan subject to shareholder approval at ensuing EGM
  • Administered by Nomination Remuneration and Committee (Compensation Committee)

3. Section 8 Company Incorporation

  • Approved incorporation of "Susan Foundation" as a Section 8 company under Companies Act, 2013
  • Company to undertake charitable and not-for-profit activities

4. Extra Ordinary General Meeting

  • EGM scheduled for Thursday, 3rd September, 2026 at 3:00 PM IST
  • Meeting to be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM)

5. Voting Eligibility

  • Cut-off date for determining voting eligibility: 27th August, 2026
  • Members appearing in Register of Members/Register of Beneficial Owners as on 27th August, 2026 eligible to vote

6. Director Appointment

  • Appointed Mr. Charan Singh (DIN: 09238002) as Additional Director (Non-Executive & Non-Independent)
  • Appointment effective immediately from 7th August, 2026
  • Term: Until ensuing General Meeting or last date such meeting should have been held
  • Profile: 37 years experience in banking and financial sector, former Executive Director of UCO Bank, General Manager at Bank of India, former Member (Technical) at NCLT Hyderabad (2022-2025)
  • Qualifications: M.Sc. in Rural Banking & Agricultural Economics, Certified Associate of Indian Institute of Bankers, IICA Certificate for Independent Director, cleared Limited Insolvency Examination, Insolvency Professional registered with IBBI
  • Not debarred from holding director office by SEBI or any authority

7. Director Resignation

  • Accepted resignation of Mr. Manoj Kumar (DIN: 08332775) from position of Director (Non-Executive and Non-Independent)
  • Resignation effective from close of business hours on 5th August, 2026
  • Detailed reasons provided in resignation letter (Annexure-III)
  • Mr. Manoj Kumar does not hold any directorship or board committee membership in any other listed entity

Meeting Details

  • Date: Friday, 7th August, 2026
  • Time: 3:00 PM to 4:00 PM IST
  • Venue: Registered Office at 1703, Nirmal Tower, 26, Barakhamba Road, Connaught Place, New Delhi - 110001