Acknit Industries Limited has withdrawn the proposed resolution for the re-appointment of Mr. Shankar Lal Bajaj as an Independent Director from its 36th Annual General Meeting (AGM) scheduled for September 16, 2026. The company cited the demise of Mr. Bajaj on August 21, 2026, as the reason for rendering the resolution infructuous.

The withdrawal was intimated to BSE Ltd. and The Calcutta Stock Exchange Ltd. on August 26, 2026. The company subsequently published the withdrawal notice in Business Standard and Ekdin on August 28, 2026, pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Consequently, the resolution will not be put to vote or considered by members at the forthcoming AGM.

Revised Director Appointments Agenda

The AGM, to be held via Video Conferencing or Other Audio-Visual Means (OAVM), will still transact other special business regarding board composition. Shareholders are requested to approve the following resolutions:

• Re-appointment of Mr. Deo Kishan Saraf as a Director, who retires by rotation.
• Re-appointment of Mr. Rajarshi Ghosh as a Non-Executive Independent Director for a second term of five years, commencing June 30, 2026.
• Appointment of Mr. Tushar Jhunjhunwala as a Non-Executive Independent Director for a term of five years, commencing July 14, 2026.
• Appointment of Mr. Amitava Mazumder as a Non-Executive Independent Director for a term of five years, commencing July 14, 2026.

The resolution for the re-appointment of Mr. Shankar Lal Bajaj, originally scheduled for a second term commencing September 25, 2026, has been removed from the agenda.

Ordinary Business and Dividend

The primary ordinary business items remain unchanged. These include receiving and adopting the Audited Standalone Financial Statements for FY26, along with the reports of the Directors and Auditors. Shareholders will also vote on the declaration of a final dividend of ₹1.50 (15%) per equity share of face value ₹10 each for FY26.

Record Date and E-Voting Details

The Register of Members and Share Transfer Books will remain closed from September 10, 2026, to September 16, 2026. The record date for dividend eligibility is fixed as September 9, 2026.

Remote e-voting, facilitated by Central Depository Services (India) Limited (CDSL), runs from September 12, 2026, at 9:00 am to September 15, 2026, at 5:00 pm. Ms. Rekha Goenka has been appointed as Scrutinizer. Physical attendance is dispensed with.

Acknit Industries announced the demise of Independent Director Shankar Lal Bajaj, who passed away on August 21, 2026. The company confirmed his cessation from the board effective the same date.

The firm received formal intimation regarding the event only on August 26, 2026. Consequently, it made this disclosure immediately upon receipt of the information. The delay in reporting was solely due to the company's lack of awareness until that date.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Acknit Industries assured that necessary measures will be taken to ensure timely compliance with applicable disclosure requirements going forward.

Board Response

The Board of Directors and management placed on record their deep condolences for the loss. They acknowledged Mr. Bajaj's valuable contribution and guidance during his tenure as an Independent Director. The company stated that the resultant vacancy will be filled within the stipulated time as permissible under the law.