Vaishali Pharma Appoints Two Independent Directors

Reporting Period (Quarter/Year): Not Applicable

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI LODR

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Director Appointments:

Mr. Rohil Sanjay Desai (DIN: 12030412) appointed as Additional Director under Independent Category effective 5th November 2026
Designated as Non-Executive Independent Director
Term of appointment: Five (5) years, not liable to retire by rotation
Subject to approval of members

Mr. Ketur Kishor Shah (DIN: 11956456) appointed as Additional Director under Independent Category effective 5th November 2026
Designated as Non-Executive Independent Director
Term of appointment: Five (5) years, not liable to retire by rotation
Subject to approval of members

Preferential Issue:

Board considered proposal for issuance of equity shares by way of preferential issue
Proposal deferred for further evaluation and consideration
No decision taken on the proposal at this meeting
Company will make necessary disclosures to stock exchanges when matter is considered and approved by Board

Director Profiles:

Mr. Rohil Sanjay Desai: Chef, hospitality entrepreneur, and food content creator with background in Pharmacy and formal training in Culinary Arts from Academy of Pastry and Culinary Arts, Mumbai. Founder of APRIL Studio / APRIL Hospitality, an artisanal Italian-inspired gelateria and café. Expertise in culinary operations, gelato production, menu development, and brand experiences.

Mr. Ketur Kishor Shah: Finance professional with qualifications in CA and CFA, over 15 years of experience in financial services industry. Currently serving as Head – Investment Banking at Abans Financial Services. Expertise in investment banking, capital markets, and corporate finance.

Vishwa Bipinbhai Mekhia, Company Secretary Cum Compliance Officer