CFO and Company Secretary cease office on superannuation

Two Key Managerial Personnel step down on retirement.

Wed 30 Sep 2026

CFO Ceased Office

Mr. R. K. Porwal ceased to be Chief Financial Officer and KMP

Company Secretary Ceased Office

Mr. Mahesh Chaturvedi ceased to be Company Secretary & Compliance Officer and KMP

Effective Date

Close of business hours on 30th September, 2026

Reason for Cessation

Upon attaining superannuation

Regulatory Update

Regulation 30 read with Schedule III of SEBI Listing Regulations

What was shared

The company notified BSE and NSE under Regulation 30 read with Schedule III of the SEBI Listing Regulations about changes in its Key Managerial Personnel (KMP).

Who has ceased office

• Mr. R. K. Porwal has ceased to be Chief Financial Officer and KMP upon attaining superannuation.
• Mr. Mahesh Chaturvedi (FCS: 3188) has ceased to be Company Secretary & Compliance Officer and KMP upon attaining superannuation.

When

Both cessations take effect from the close of business hours on 30th September, 2026.

What it means in simple terms

Superannuation means retirement on reaching the set retirement age, not a resignation or removal. The CFO is the senior-most finance officer, while the Company Secretary & Compliance Officer handles governance and communication with the stock exchanges and shareholders. Both are classified as Key Managerial Personnel, so any change in these roles must be disclosed to the exchanges.

How investors may read it

Retirement-driven exits of senior officers are commonly viewed as routine and planned, rather than as a sign of any dispute or business event. Investors typically watch for the company's subsequent announcements on who takes over these two positions, since listed companies are required to have a CFO and a Company Secretary & Compliance Officer in place.

The communication was signed by Whole Time Director Mr. Savan Jayendra Patel. No monetary amounts or business terms form part of this update.

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