Board notes shareholder requisitions for EGM on Chairman appointment and MD remuneration

Board meeting on 30 Sep 2026 took note of two shareholder requisition letters received on 24 Sep 2026 for calling an EGM.

Wed 30 Sep 2026

Shareholder Requisition 1 Holding

38.41%

Shareholder Requisition 1 Request

Appointment of Mr. Arun Purushottam Kelkar as Executive Director and Chairman

Shareholder Requisition 2 Holding

24.67%

Shareholder Requisition 2 Request

Approval of remuneration for MD Mr. Vikram Kelkar, effective 1 April 2026

Trading Window Closure

1 Oct 2026 till 48 hours after Q2 results

What the Board took note of

The Board of Directors met on September 30, 2026 and considered two requisition letters received on September 24, 2026 under Section 100 of the Companies Act, 2013 — a provision that lets qualifying shareholders require the company to call an Extra-ordinary General Meeting (EGM).

• Requisition 1: from Dr. Nikhil Arun Kelkar and Mr. Vikram Arun Kelkar, holding together 38.41% of the shareholding. It seeks appointment of Mr. Arun Purushottam Kelkar as Executive Director and Chairman, following a notice of candidature under Section 160(1), and approval of his remuneration for the term of appointment.
• Requisition 2: from Dr. Nikhil Arun Kelkar and Ms. Anuradha Kelkar, holding together 24.67% of the shareholding. It seeks approval of remuneration payable to Mr. Vikram Kelkar, Managing Director, with effect from 1st April 2026.

The Board also considered the proposal for convening an EGM to seek members' approval on these matters.

Meeting timing

The meeting began at 11:00 A.M. and concluded at 11:50 A.M.

Trading window

The trading window for directors, officers, designated persons and their immediate relatives remains closed from Thursday, October 1, 2026 until 48 hours after declaration of financial results for the quarter ended September 30, 2026. This is a routine insider-trading safeguard and does not affect ordinary public shareholders.

How investors may read it

These are governance and board-composition items driven by shareholders from the promoter family. The actual appointment and remuneration amounts will require member approval at the EGM. Investors may watch for the EGM notice, which would carry the proposed remuneration terms and meeting date.

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