Please note that the Board of Directors at its meeting held today, viz. May 5, 2026 has subject to the approval of members at the ensuing Annual General meeting of the Company, approved the re-appointment of Dr. Pawan Munjal (DIN: 00004223) as the Executive Chairman for another term of five (5) years with effect from October 1, 2026 and appointment of Director in place of Mr. Suman Kant Munjal (DIN: 00002803) who is retiring by rotation and being eligible has offered himself for re-appointment. Requisite details as required under Regulation 30 are enclosed in Annexure.