Outcome of 4th Board Meeting held on February 13, 2026.
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The Board approved the unaudited financial results for the quarter and nine months ended December 31, 2025, along with the Limited Review Report from statutory auditors M/s. Darpan & Associates. The Board also approved a change in remuneration for Key Managerial Personnel, based on recommendations from the Nomination and Remuneration and Audit Committees. A Postal Ballot notice was approved to seek shareholder approval for appointing Mrs. Riddhi Lunkad, a related party, as Chief Strategy Officer — which qualifies as a Related Party Transaction. A scrutinizer was appointed for the postal ballot process and February 13, 2026 was fixed as the cut-off date for determining voting rights.
The appointment of a related party as Chief Strategy Officer requires shareholder approval via postal ballot, which may draw governance attention from investors. The change in KMP remuneration could marginally impact operating expenses. Detailed financial numbers were not disclosed in this letter and will be filed separately.