Resignation of Chief Financial Officer

Cospower Engineering Ltd announced that Mr. Hiren Solanki has resigned as Chief Financial Officer effective close of business on September 3, 2025, citing personal reasons. The Board accepted his resignation at a meeting held the same day. To ensure continuity, the Board approved the appointment of Mr. Maxie Dsouza as the new CFO and Key Managerial Personnel, effective September 4, 2025. Mr. Maxie Dsouza is a B.Com graduate with CAIIB and MBA in Finance, bringing 38 years of experience in banking and corporate finance, having last served as AGM at a multi-state cooperative bank. The appointment was recommended by the Nomination & Remuneration Committee and the Audit Committee.