Resignation of Mr. Santoshkumar Hardwari from the Post of Managing Director of the Company

Padmanabh Industries Ltd announced changes at the top following a board meeting on 22nd July 2025. Mr. Santoshkumar Hardwari resigned from both the Managing Director and Chief Financial Officer roles effective 23rd July 2025, citing pre-occupation elsewhere as the reason. To fill the gap, Mr. Dhairya Bharatbhai Shah, a commerce graduate with marketing experience, was appointed as the new Managing Director for a 5-year term. Additionally, Ms. Manali Rajeshbhai Patel, who has over 3 years of experience in accounting and finance, was appointed as a Non-Executive Additional Director. Both new appointees have no relationship with existing directors and hold no directorships in other listed companies.