It is hereby informed that Mr. Mahesh Panwar has tendered his resignation as the Whole-Time Director of the Company w.e.f. closure of business hours on February 11, 2026

Mr. Mahesh Panwar has resigned as Whole-Time Director of the company effective close of business hours on February 11, 2026, citing personal reasons and pre-occupancy. He will also step down from the Stakeholders Relationship Committee. The Board has approved the appointment of Mr. Ravi Kant (DIN: 09283919) as Additional Director (Executive Director) with effect from February 12, 2026, for a period of three years, subject to shareholder approval. Mr. Ravi Kant holds an M.Tech in Production Engineering from IIT Roorkee and brings over three decades of experience in ammunition production at Indian Ordnance Factories, and was the first Chairman & Managing Director of Munitions India Limited (MIL). He currently serves as Director in three of the company's subsidiaries — Global Munition Limited, Globe Forge Limited, and Global Explosives Limited.