AAA Technologies has initiated a remote e-voting process to seek shareholder approval for the appointment of two directors to its Board. The company proposes to appoint Mr. Ashok Kumar Chordia as a Non-Executive Non-Independent Director and Mr. Santosh Kumar Pandey as a Whole-time Director designated as Executive Director for a period of five years. These appointments, initially made by the Board on June 19, 2026, are subject to the approval of members through Ordinary and Special Resolutions respectively.

Mr. Ashok Kumar Chordia, a Chartered Accountant, brings extensive experience in corporate advisory, working capital finance, and debt and equity structuring. He is associated with Mentor Capital Services Private Limited. If approved, he will be liable to retire by rotation. The company has received his consent to act as a Director and necessary declarations confirming he is not disqualified from being appointed under Section 164 of the Companies Act, 2013.

Mr. Santosh Kumar Pandey, a seasoned business leader with over 26 years of experience, is proposed for the role of Executive Director from June 19, 2026, to June 18, 2031. His expertise includes strategic IIoT and drone-based technologies, software and hardware project management, and digital transformation projects. The remuneration payable to him will be governed by the limits prescribed under Sections 196, 197, and 198 read with Schedule V of the Companies Act, 2013.

The e-voting facility will be available from 9:00 a.m. IST on July 09, 2026, until 5:00 p.m. IST on August 07, 2026. Shareholders holding shares as on the cut-off date of June 26, 2026, are eligible to participate. The postal ballot notice and explanatory statement have been dispatched electronically to members whose email addresses are registered with the company or depository participants.

M/s VKM & Associates, Practicing Company Secretaries, has been appointed as the Scrutinizer to ensure the voting process is conducted fairly. The results of the postal ballot are expected to be announced on or before August 08, 2026. The company has stated that physical copies of the notice are not being dispatched, and voting is restricted to the remote e-voting system in compliance with regulatory guidelines.

Summary of Appointments

AAA Technologies Ltd has secured a work order worth Rs 11.23 lakh from National Informatics Centre Services Incorporated (NICSI) to conduct a cyber security audit for the Employees' Provident Fund Organisation (EPFO). The assignment, valued at Rs 11,23,360, involves providing Application Security Audit and Compliance Services. The project is scheduled to commence on July 6, 2026, and conclude on September 11, 2026, spanning a duration of 68 days. The disclosure was made to the stock exchanges on July 7, 2026, under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

The work order, numbered O2600600, specifies a rate of Rs 14,000 per day for the Comprehensive Security Assessment (CSA). The total contract amount includes an integrated tax of 18% (IGST). The scope of work requires the company to perform a security audit at the EPFO Complex in Dwarka, New Delhi. The empanelment reference for this order is 10(21)/2022-AAA, which remains valid until September 24, 2027.

Financial Terms and Conditions

The company is required to furnish a Performance Bank Guarantee (PBG) equivalent to 3% of the work order value before signing the contract. The PBG must remain valid for 60 days beyond the completion of all contractual obligations. Payments will be released quarterly based on the pro rata amount of work done, subject to the deduction of Tax Deducted at Source (TDS) and any applicable penalties. NICSI aims to process payments within 30 days of bill submission.

Service Level Agreement

The Service Level Agreement (SLA) and penalty clauses outlined in the original tender document, referenced as NICSI/Application Security Audit/2023/05, are applicable to this order. The agency must adhere to the timelines defined in the work order. Any delay in the submission of the PBG will attract a penalty of 0.1% of the purchase order value per day, capped at a maximum of 10% of the PO value.