Section A – KMP Resignation Details

Name of Resigning KMP: Mr. Koichiro Hayashida

Designation: Non-Executive Non-Independent Director

Reason for Resignation: Due to his full-time appointment as the President (Forging Division) in the Company.

Effective Date of Resignation: 15 October 2026

Date of Resignation Letter: 30 September 2026

Duration in Role: Not Specified

Board’s Acknowledgment / Statement: Not Specified

Replacement Appointed: Not applicable for the directorial position.

Regulatory Compliance Statement: The disclosure is made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation reason is disclosed as required under clause 7C of Para A of Part A of Schedule III of SEBI LODR.

Delay in Disclosure: Not applicable. The disclosure was made on the same date as the resignation letter and board resolution.

Section B – Additional Observations or Disclosures

Transition & Internal Role Reallocations: Mr. Koichiro Hayashida, upon resigning from the board, has been appointed as Senior Management Personnel, designated as the President (Forging Division), with effect from 1 October 2026.

Successor Appointments: Mr. Koichiro Hayashida has been appointed as President (Forging Division).

  • Date of Appointment: 1 October 2026
  • Terms of Appointment: Full-time employment
  • Profile: Mr. Koichiro Hayashida, aged 58 years, holds a master's degree from Kumamoto University, Japan. He recently served as an Executive Officer of Hagane Company (Specialty Steel) and as General Manager of the Specialty Steel Business Management Division. He has extensive expertise in steelmaking technology and quality control. Earlier, he had served as the President of Aichi Forge, Thailand from 2021 to 2024.
  • Disclosure of relationships between directors: Not Applicable.

The appointment was approved by the Board of Directors on the recommendation of the Nomination and Remuneration Committee via a Resolution by Circulation dated 30 September 2026.

Section C – Financial & Governance Disclosures

Not Present in the provided data.