Nature of change: Appointment as Additional Director designated as Executive Director cum Lead-Global Sales
Name and DIN: Mr. Aryan Rathi (DIN: 11607932)
Effective date and tenure: October 30, 2026 for 5 consecutive years until October 29, 2031, subject to shareholder approval
Profile and qualifications: Aryan Rathi is the Lead Global Sales of the Company, associated since May 1, 2024, appointed as Lead Global Sales on April 1, 2025. He holds a Bachelor of Science degree from A&M University, Texas, USA. Has over two years of experience in electrical industry. Recently appointed as Nominee Director on the Board of Tempsens Measurement and Control Private Limited (formerly Techin Gauges India Private Limited).
Confirmation of eligibility: Confirmed not debarred from holding office of director by virtue of any SEBI order or any other authority.
Relationship with other directors: Grandfather - Virendra Prakash Rathi, Father - Vinay Rathi
Functional changes: Will continue to oversee Company's Global Sales function but will cease to be classified as Senior Management Personnel effective October 30, 2026. This change is consequential to his director appointment and does not constitute cessation of employment or functional responsibilities relating to Global Sales.
Resignation of Mr. Ankit Talesara
Nature of change: Resignation as Non-Executive Director
Name and DIN: Mr. Ankit Talesara (DIN: 02709075)
Effective date: October 30, 2026
Reason for resignation: Personal reasons (as stated in resignation letter)
Previous role: Non-Executive Director
Key Financial or Operational Approvals
Appointment of Joint Statutory Auditor
Decision: Appointment of M/s P C MODI & CO (Firm Registration No. 000239C) as Joint Statutory Auditor
Basis: In accordance with Section 139 of the Companies Act, 2013 and rules made thereunder
Term: To hold office until conclusion of ensuing Annual General Meeting
Approval requirement: Subject to shareholder approval by way of Postal Ballot
Auditor profile: Jaipur-based Chartered Accountants firm established in 1976, with 75+ professionals and Delhi NCR branch. Offers audit, taxation, transaction advisory, project financing, company secretarial, FEMA, legal and HR services. Has served leading public sector banks, insurance companies, government undertakings and multinational clients across India and abroad.
Any Other Material Information
Resignation Letter Details
Ankit Talesara submitted resignation from position of Director with immediate effect due to personal reasons
Resignation letter addressed to Board of Directors at company address in Udaipur, Rajasthan
