Additional Director's office ceases by operation of law as AGM for FY2025-26 was not held within the prescribed period

Board took note of the cessation of Ms. Nainna Guptaa as an Additional Director (Non-Executive).

Mon 5 Oct 2026

Cessation Effective Date

October 01, 2026

Legal Provision

Section 161(1) of the Companies Act, 2013

Appointment Date as Additional Director

13 August, 2026

Board Meeting Date

October 05, 2026 at 10:00 AM through video conferencing

Reason for Cessation

AGM for FY2025-26 was not conducted within the prescribed period

What happened

The Board of Directors of the company, at its meeting held on Monday, October 05, 2026 at 10:00 AM through video conferencing, took note of the cessation of Ms. Nainna Guptaa (DIN: 10242209) as an Additional Director of the company. Her cessation as an additional director (non-executive) is with effect from October 01, 2026.

Why her office ended

• She was appointed as an Additional Director under Section 161(1) of the Companies Act, 2013 with effect from 13 August, 2026.
• Under Section 161(1), an additional director holds office only up to the date of the next Annual General Meeting, or the last date on which that meeting should have been held, whichever is earlier.
• The Annual General Meeting for the financial year 2025-26 was not conducted within the prescribed period, for which an extension was already taken.
• Because of this, her appointment could not be placed before the members for consideration and regularisation, and her office as Additional Director ceased by operation of law.

What the update clarifies

The company states that the cessation is not on account of resignation, removal or withdrawal of nomination. It is pursuant to Section 161(1) of the Companies Act, 2013. The Board took note of the cessation at its meeting on October 05, 2026.

Relationship disclosed

Ms. Nainna Guptaa is the daughter of Mr. Rajesh Gupta, Managing Director.

How to read this

The disclosure records a change in the board: an additional director appointed on 13 August, 2026 has ceased to hold that office from October 01, 2026. The event is tied to the timing of the Annual General Meeting for FY2025-26 rather than to any stated action by the director or the company.

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