Aar Shyam India Investment Company Limited held a Board of Directors meeting on May 14, 2026, commencing at 04:30 P.M. and concluding at 05:00 P.M. The meeting resulted in notable changes to the company's senior leadership, including a new board-level appointment and the simultaneous resignation of two key personnel, all effective the same date. All disclosures were made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, read with the SEBI Master Circular dated January 30, 2026, and SEBI Circular dated November 11, 2024.

New Appointment: Additional Executive Director and CFO

The board approved the appointment of Ms. Perla Pavani as Additional Executive Director of the company with effect from May 14, 2026, for a tenure of 3 (Three) years. This appointment is subject to the approval of the members of the company at the ensuing General Meeting. In addition, Ms. Perla Pavani was simultaneously appointed as Chief Financial Officer (CFO) of the company, also effective May 14, 2026.

The following table summarises the key details of Ms. Perla Pavani's appointment as disclosed by the company:

Resignations: Independent Director and CFO

The board also took note of two resignations effective May 14, 2026. Mr. Abhijeet Yashwant Nagrale tendered his resignation as Non-Executive Independent Director, citing personal reasons. Ms. Pushpa Joshi resigned from the position of Chief Financial Officer and Key Managerial Personnel, also citing personal reasons. Both individuals confirmed in their respective resignation letters that there are no other material reasons beyond those stated, in compliance with applicable SEBI regulations.

The following table outlines the details of both departures:

Committee Roles Vacated by Outgoing Director

Prior to his resignation, Mr. Abhijeet Yashwant Nagrale held chairmanship across multiple board committees at Aar Shyam India Investment Company Limited. His departure vacates the following positions:

• Audit Committee – Chairman
• Nomination and Remuneration Committee – Chairman
• Stakeholder Relationship Committee – Chairman

Regulatory Compliance

The company's Company Secretary and Compliance Officer, Deepak Gautam, signed and submitted the disclosures on May 14, 2026. The board meeting outcome was communicated to BSE Limited and Calcutta Stock Exchange Limited as required under applicable listing regulations.

Aar Shyam India Investment Company Limited has moved forward with its proposal to voluntarily delist its equity shares from the Calcutta Stock Exchange Limited (CSE). The Board of Directors approved the proposal on May 11, 2026, and the company has since submitted copies of the newspaper publication regarding the notice of delisting to the stock exchanges on May 12, 2026.

Voluntary Delisting from Calcutta Stock Exchange

The board approved the voluntary delisting of the company's equity shares from the CSE without providing an exit opportunity to shareholders. This decision was made in accordance with Regulations 5 & 6 of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021. The company stated that the objective is to save recurring expenditure on listing fees, as the scrip has not been traded on the CSE for a very long time. Following the delisting, the company's equity shares will continue to remain listed on BSE Limited, which operates with Nationwide Trading Terminals.

Appointment of Additional Independent Director

Simultaneously, the board approved the appointment of Ms. Deepa Garg (DIN: 10740685) as an Additional Director in the category of Non-Executive Independent Director, effective May 11, 2026. This appointment is subject to the approval of members at the ensuing General Meeting. Ms. Garg holds no shares in the company and is not debarred from holding the office of director by SEBI or any other authority.

Regulatory Disclosures

The disclosures were made in compliance with Regulation 30 of the LODR Regulations. The communication was signed by Deepak Gautam, Company Secretary & Compliance Officer, on behalf of Aar Shyam India Investment Company Limited.