Intimation under Regulation 30 of SEBI Listing Regulations - Resignation of Chief Financial Officer

The Board of Directors has accepted the resignation of Mr. Vimal Agarwal as CFO and Key Managerial Personnel, effective close of business on 30th June 2026. The reason cited is his transition to a new role within the Mahindra Group. Simultaneously, Mr. Rajiv Vimal has been appointed as the new CFO and KMP, effective 1st July 2026. Rajiv Vimal brings over two decades of finance experience, currently serving as CFO of PPG Asian Paints and previously holding senior finance leadership roles at Vodafone for over 13 years. He is a Chartered Accountant and a Commerce graduate from St. Xavier's College, Kolkata. The appointment was made based on recommendations from the Nomination and Remuneration Committee and the Audit Committee.