Shareholders approve re-appointment of Joint Managing Director and two Non-Executive Independent Directors

AGM approves 3 re-appointments.

Thu 1 Oct 2026

AGM Held

38th Annual General Meeting held on 29th September, 2026

Joint Managing Director Re-appointment

Mr. Akash Sethi — 3 (three) Years from 14th August, 2027 to 13th August, 2030

Independent Director Re-appointment

Ms. Manali Tongia — 5 (Five) Years from 24th March, 2027 to 23rd March, 2032

Independent Director Re-appointment

Ms. Somya Chhabra — 5 (Five) Years from 06th May, 2027 to 05th May, 2032

Remuneration Approved

payment of remuneration to the Joint Managing Director

Shareholders approved three board re-appointments at the 38th Annual General Meeting held on 29th September, 2026. All three are re-appointments, so the same individuals continue in their existing roles.

Joint Managing Director

• Mr. Akash Sethi (DIN: 08176396) re-appointed as Joint Managing Director for a further period of 3 (three) Years, commencing from 14th August, 2027 to 13th August, 2030, and for payment of remuneration.
• The date of appointment is given as 13th August, 2026, with the term running from 14th August, 2027 to 13th August, 2030.
• Profile: aged about 35 years, a Director of the Company from 2018, currently serving as Joint Managing Director with his tenure expiring on 13th August, 2027. He has more than 8 years of experience in industries and knowledge of the business of manufacturing and technology of medical devices, and holds a Master of Science in Electrical and Computer Engineering from Carnegie Mellon University, USA.
• Relationship: he is the son of Mr. Atul Kumar Sethi, Managing Director of the Company.
• He is not debarred from holding the office of director by virtue of any SEBI order or such other authority.

Independent Directors

• Ms. Manali Tongia (DIN: 09542172) re-appointed as Non-Executive Independent Director for 5 (Five) Years, commencing from 24th March, 2027 to 23rd March, 2032. Aged 38 years, a homemaker by occupation, she does not hold directorship in any other company, is not related to any of the existing Directors, and is not debarred from holding office of a director by virtue of any SEBI order.
• Ms. Somya Chhabra (DIN: 09597296) re-appointed as Non-Executive Independent Director for 5 (Five) Years, commencing from 06th May, 2027 to 05th May, 2032. Aged 27 years, an Indian national and homemaker by occupation, she does not hold directorship in any other company, is not related to any of the existing Directors, and is not debarred from holding office of a director by virtue of any SEBI order.

Meeting and record

• The AGM commenced at 01:00 P.M. and concluded at 01:30 P.M., and a combined scrutinizer report was received on Thursday, 01st October, 2026.
• The details were furnished under Annexure A, B and C under Regulation 30 of the SEBI Listing Regulations.

The impact here is one of continuity rather than change: the Joint Managing Director stays in the role for a new term starting in 2027, and both independent directors get fresh five-year tenures starting in 2027. Investors may note that the Joint Managing Director belongs to the promoter family, being the son of the Managing Director, while both independent directors have confirmed they are not related to any existing directors. The board composition and leadership therefore remain broadly the same, with the new terms taking effect from the stated future dates.

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