Syncom Formulations Major Leadership Reshuffle

Resignations effective August 11, 2026 (closure of business hours):
Shri Kedarmal Shankarlal Bankda (DIN:00023050) as Whole-time Director (Reason: To embrace timely succession planning and giving due importance to health and well-being)
Shri Vijay Shankarlal Bankda (DIN:00023027) as Managing Director (Reason: Leadership transition and effective succession planning)
Shri Rahul Vijay Bankda (DIN:00827827) as Chief Financial Officer (Reason: To undertake a different professional responsibility within the organization)

Smt. Rinki Ankit Bankda (DIN:06946754) appointed as Additional Director and designated as Whole-Time Director
Profile: Post Graduate in Commerce with over 13 years of extensive and diversified experience across various functional areas of business operations
Expected to play pivotal role in enhancing company performance and supporting long-term growth and sustainability
Relationship: Spouse of Shri Ankit Kedarmal Bankda (current Chairman and Whole-Time Director)
Not debarred from holding director office by virtue of any SEBI order
Subject to shareholder approval at ensuing Annual General Meeting

Shri Rahul Vijay Bankda (DIN:00827827) appointed as Additional Director and designated as Managing Director
Profile: Post Graduate in Commerce, Member of Promoter Group, with over 23 years of extensive and diversified experience across various functional areas of business operations
Deep understanding of financial management and strategic insight
Expected to play pivotal role in enhancing company performance and supporting long-term growth and sustainability
Relationship: Son of Shri Vijay Shankarlal Bankda (past Managing Director)
Not debarred from holding director office by virtue of any SEBI order
Subject to shareholder approval at ensuing Annual General Meeting

Shri Ankur Vijay Bankda (DIN:02328515) redesignated as Chief Financial Officer (Senior Management Personnel)
Profile: Post Graduate in Commerce, Member of Promoter Group, with over 23 years of extensive and diversified experience across various functional areas of business operations
Deep understanding of financial management and strategic insight
Expected to play pivotal role in enhancing company performance and supporting long-term growth and sustainability
Relationship: Son of Shri Vijay Shankarlal Bankda (past Managing Director)
Not debarred from holding CFO office by virtue of any SEBI order

Smt. Ruchi Jindal (DIN:09633465) reappointed as Woman Independent Director
Profile: Chartered Accountant with over 13 years of experience in Finance and Accounts
Not debarred from holding director office by virtue of any SEBI order
Subject to shareholder approval at ensuing Annual General Meeting

No financial approvals, operational decisions, or capital-related matters were disclosed in this filing.

No specific strategic commentary, business outlook, or operational context was provided beyond the leadership transition reasons.

The Board meeting was held on Tuesday, 11th August 2026, commencing at 4:00 PM and concluding at 4:45 PM
All changes were approved based on recommendations of the Audit Committee and Nomination and Remuneration Committee
Disclosure made under Regulation 30(2) read with Clause 7 of Para A of Part A of Schedule III of SEBI (LODR) Regulation, 2015
Reference to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 (Last updated: January 30, 2026)
Company will file disclosure in XBRL format within stipulated time and update Management Details on BSE/NSE portals
Disclosure will be disseminated on company website: https://syncomformulations.com/