Date: September 16, 2026

KMP / Board / Auditor Changes

Appointment of Independent Director

  • Mr. Rahul Bhutoria (DIN: 00093326) appointed as Additional (Non-Executive, Independent) Director
  • Effective date: September 16, 2026
  • Term: Five consecutive years until September 15, 2031
  • Appointment subject to shareholder approval at 69th AGM
  • Submitted declaration of independence under Section 149(6) of Companies Act, 2013
  • Not related to any other Director or KMP of the Company
  • Holds no shares in the Company

Professional Background

  • Co-founder & Director of Valtrust, an asset management company
  • Over 17 years experience across investment banking, private equity and investment management
  • Previously Director at Indcap, a boutique investment bank
  • International investment and Board experience, including investor and director in UK-based healthcare company
  • Among founders and sponsors of Ashoka University
  • Education: BSc in Industrial Management from Purdue University, USA; MBA from INSEAD, France
  • Investment experience covers industrials, healthcare, financial services, logistics, energy and media

Current Directorships

1. Valtrust Capital Private Limited

2. Stress Asset Management Co. Private Limited

Remuneration

  • Will be paid sitting fees only for attending Board or Committee meetings

Board Meeting Outcomes

  • Board approved appointment of Mr. Rahul Bhutoria as Additional Director on September 16, 2026
  • Recommendation made by Nomination and Remuneration Committee
  • Addendum to AGM notice required as appointment was made after original AGM notice issuance on August 29, 2026

AGM Details

69th Annual General Meeting

  • Date: Friday, September 25, 2026
  • Time: 12:30 P.M. (IST)
  • Mode: Video Conferencing (VC)/Other Audio Visual Means (OAVM)

Voting Schedule

  • Remote e-voting: September 22, 2026 (9:00 a.m.) to September 24, 2026 (5:00 p.m.)
  • E-voting during AGM also available

Additional Business Item

  • Item No. 7: Appointment of Mr. Rahul Bhutoria as Independent Director (Special Resolution)

Compliance & Disclosure

  • Addendum circulated electronically to members who received original AGM notice via email
  • Newspaper advertisements published in English and Hindi editions
  • Explanatory statement and director details provided as per Regulation 36(3) of SEBI (LODR) Regulations, 2015 and Secretarial Standard-2
  • Documents available for electronic inspection during AGM at https://investors.talbros.com/annual-general-meeting-agm

Shareholder Communication

  • Notice under Section 160 of Companies Act, 2013 received on September 03, 2026 proposing Mr. Bhutoria's candidature
  • All other terms, conditions and contents of original AGM notice remain unchanged