Outcome of Board Meeting

The board meeting on 27 May 2025 approved a major change in control of the company following a Share Purchase Agreement dated 21 March 2025 between existing promoters and Thrive Future Habitats Infra Private Limited (the Acquirer), with an open offer made on 21 March 2025 and detailed public statement on 28 March 2025. Under the new promoter group, Mr. Arvinder Singh Pasricha, Mrs. Aman Pasricha Balsara, Ms. Zinnia Pasricha, Thrive Future Habitats Infra Private Limited, and Mr. Tushar Rohinton Balsara were reclassified as promoters, while the earlier promoter group was reclassified as public shareholders. Multiple board changes followed: three new directors were appointed (including an Independent Woman Director and a new Whole Time Director, Mr. Vinay Kumar Singh, who also took over as CFO), while Mr. Deep Ashda Lalvani resigned as Whole Time Director, Mrs. Tanya Halina Advani as Director, Mr. Suneil Chawla as Independent Director, and Mr. Ashda Lalvani as CFO. A new Secretarial Auditor and Internal Auditor were appointed, and all board committees were reconstituted under the new management.