Board approves Independent Director and new Company Secretary, notes resignation of CS

Mr. Kathan Ronak Joshi appointed Additional Director (Non-Executive Independent Director) w.e.f. October 01, 2026; term proposed 5 (Five) years, subject to shareholder approval.

Thu 1 Oct 2026

Board Meeting Date

Thursday, 01st October, 2026

Independent Director Appointed

Mr. Kathan Ronak Joshi as Additional Director (Non-Executive Independent Director) w.e.f. October 01, 2026; term proposed 5 (Five) years

Company Secretary Appointed

Mr. Harsh Rajkumar Tejwani as Company Secretary and Compliance Officer w.e.f. 01st October, 2026

CS Resignation Noted

Ms. Vaishaliben Sanjaybhai Jain w.e.f. closing business hours of 30th September 2026

Committees to be Reconstituted

Audit, Nomination and Remuneration and Stakeholders' Relationship Committees

What the Board approved

• Mr. Kathan Ronak Joshi was appointed as an Additional Director in the category of Non-Executive Independent Director, with effect from October 01, 2026. His appointment is proposed for a period of 5 (Five) years from that date, subject to the approval of shareholders at the ensuing General Meeting.
• Mr. Harsh Rajkumar Tejwani was appointed as Company Secretary and Compliance Officer of the Company, with effect from 01st October, 2026.
• Both appointments were made on the recommendation of the Nomination and Remuneration Committee.

The new Independent Director

Mr. Kathan Ronak Joshi is a B.Com. graduate from GLS University, Ahmedabad, and is pursuing the Company Secretary course from the Institute of Company Secretaries of India (ICSI) at the Professional Programme level. He is currently serving as the Head of the Legal and Secretarial Department of a private limited company based in Ahmedabad, engaged in management and consultancy services, and has over two years of experience in corporate legal and secretarial matters.

• The Board confirmed that he satisfies the criteria of independence prescribed under the Companies Act, 2013 and the SEBI Listing Regulations, and that he is not debarred from holding the office of Director by any order passed by SEBI or any other such authority.
• He is not related to any Director of the Company.

The new Company Secretary

Mr. Harsh Rajkumar Tejwani is a Qualified Company Secretary since November 2025 and an Associate member of ICSI (Membership No. A-79066). The update records his experience of about 1 year (post membership) in corporate legal and secretarial services relating to the Companies Act, 2013 and applicable SEBI Regulations.

• He holds None shares in the Company, and the disclosure records no relation to the directors.
• Terms of appointment: N.A.

The resignation noted

The Board took note of the resignation of Ms. Vaishaliben Sanjaybhai Jain (ACS 75985) from the post of Company Secretary and Compliance Officer of the Company, with effect from closing business hours of 30th September 2026. The new Company Secretary and Compliance Officer takes charge from 01st October, 2026, the next day.

Committee reconstitution

The Board was apprised that the Company shall ensure proper composition of the Board of Directors in accordance with the applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

• The Board further noted that the Audit Committee, the Nomination and Remuneration Committee and the Stakeholders' Relationship Committee shall be duly reconstituted upon the appointment of the requisite number of Independent Director(s) on the Board.
• The revised composition of these committees shall be intimated to the Stock Exchange(s) upon such reconstitution.

Board meeting timings

The meeting of the Board of Directors commenced at 06:30 P.M. and concluded at 07:00 P.M.

How to read this

This is a board and compliance-level update. The decisions relate to who sits on the Board as an Independent Director, who handles the Company Secretary and compliance role, and the plan to reconstitute key committees. Continuity in the compliance role is maintained, with the outgoing officer's resignation noted with effect from the close of business hours of 30th September 2026 and the new appointee taking charge from 01st October, 2026.

• The Independent Director's appointment is proposed for 5 (Five) years but is subject to shareholders' approval at the ensuing General Meeting.
• The reconstitution of the Audit, Nomination and Remuneration and Stakeholders' Relationship Committees is to follow once the requisite number of Independent Director(s) is on the Board.

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