Announcement under Regulation 30 (LODR)-Change in Management

NELCAST · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-3.1%1-day move

₹140.10

prior close

₹136.51

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+3.1+2.6+1.8-1.0-3.1-4.7-3.6-2.0-2.2-0.1-2.2-1.5-8.6—

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AI summary

Nelcast Ltd's Board of Directors has approved the re-appointment of Mr. R. Sridharan as Non-Executive Independent Director for a second term of 5 years (23rd May 2027 to 22nd May 2032), subject to shareholder approval at the ensuing AGM. Mr. A. Balasubramanian is also seeking re-appointment at the AGM under retirement by rotation. Meanwhile, Mr. D. Sesha Reddy has expressed his unwillingness to seek re-appointment and will retire at the conclusion of the ensuing AGM after contributing to the Board's stewardship. The board meeting was held on 18th May 2026.

Likely market impact

Mr. D. Sesha Reddy's decision not to continue introduces some board-level transition risk, though as a retirement by rotation it appears voluntary. Overall board composition remains stable with continuity in independent oversight through Mr. Sridharan's re-appointment.