Section A – KMP Resignation Details

Name of Resigning KMP: Mr. R. Karthik

Designation: Independent Director

Reason for Resignation: Completion of second consecutive term as Independent Director. The cessation is solely on account of completion of his second consecutive tenure and is not attributable to any other reason.

Effective Date of Resignation: Close of business hours on 31st October 2026

Date of Resignation Letter: Not Specified. The disclosure clarifies that no resignation letter was submitted as the cessation is due to tenure completion, not resignation.

Duration in Role (if available): Not Specified

Board’s Acknowledgment / Statement: Not Specified

Add commentary on strategic impact (if provided): Not Specified

Replacement Appointed (if any): Not Specified. The disclosure concerns the cessation of a director, not the appointment of a direct replacement.

Regulatory Compliance Statement (SEBI LODR, Circulars): 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 cessation is in terms of Sections 149(10) and 149(11) of the Companies Act, 2013. The details are provided as per the applicable SEBI Master Circular bearing reference No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, dated 30 January 2026.

Delay in Disclosure (if applicable): Not Specified. The disclosure is dated 31st October 2026, the same day as the effective date of cessation.

Section B – Additional Observations or Disclosures

Transition & Internal Role Reallocations: The Board, at its meeting held on 10 August 2026, approved the reconstitution of the Committees of the Board in anticipation of this cessation. Consequent upon the cessation of Mr. R. Karthik, the composition of the Board Committees was reconstituted effective 1 November 2026. Mr. J. Sridharan shall serve as Chairman of the Audit Committee and the Nomination and Remuneration Committee with effect from 1 November 2026 and will continue to serve as Chairman of the Stakeholders' Relationship Committee. The composition of the Allotment Committee remains unchanged.

Successor Appointments: Not Specified. The disclosure does not announce the appointment of a new Independent Director to fill the vacancy left by Mr. Karthik.

Section C – Financial & Governance Disclosures

Audited Financial Results: Not Present

Auditor’s Report Summary: Not Present

Dividends / Capital Changes / Buybacks: Not Present

Board / Committee Updates or Key Appointments: The reconstituted composition of the Committees of the Board of Directors of the Company w.e.f. 1st November 2026 is as follows:

Audit Committee:

  • Mr. J. Sridharan – Independent Director - Chairman (w.e.f. 1st November, 2026)
  • Ms. Suguna Raghavan – Independent Director - Member
  • Ms. Revathi Raghunathan – Independent Director - Member
  • Mr. Joyjeet Bose – Independent Director - Member

Nomination and Remuneration Committee:

  • Mr. J. Sridharan – Independent Director - Chairman (w.e.f. 1st November, 2026)
  • Ms. Suguna Raghavan – Independent Director - Member
  • Ms. Revathi Raghunathan – Independent Director - Member
  • Mr. Joyjeet Bose – Independent Director - Member

Stakeholders' Relationship Committee:

  • Mr. J. Sridharan – Independent Director - Chairman
  • Ms. Suguna Raghavan – Independent Director - Member
  • Ms. Revathi Raghunathan – Independent Director - Member
  • Mr. Joyjeet Bose – Independent Director - Member

Allotment Committee:

  • Ms. Revathi Raghunathan – Independent Director - Chairperson
  • Mr. J. Sridharan – Independent Director – Member
  • Mr. K.V. Prakash – Whole Time Director – Member

The disclosure also references prior intimation to stock exchanges regarding the appointment of two Additional Directors w.e.f. 10 August, 2026, and the resignation of one of them w.e.f. 04 September, 2026.