Atul B Lall has resigned as Non-Executive Non-Independent Director of Aditya Infotech Limited effective May 25, 2026, following the cessation of nomination rights by shareholder Dixon Technologies (India) Limited (DTIL). The resignation was noted by the company's Nomination & Remuneration Committee and Board of Directors on May 25, 2026. This change impacts the board composition as DTIL no longer meets the shareholding criteria required to nominate a director.

The withdrawal of nomination rights stems from a reduction in DTIL's shareholding. According to the company's Articles of Association, DTIL is entitled to nominate a director only while holding at least 4% of the paid-up share capital. Following the sale of 44,95,880 equity shares on February 25, 2026, DTIL's stake decreased from 6.20% to 2.38% of the paid-up equity share capital. Consequently, the company confirmed that DTIL ceased its right to appoint a director, necessitating Mr. Lall's departure.

Details of Resignation

The resignation was submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The specific details regarding the change in directorship are outlined below:

Mr. Lall served as the representative of DTIL on the Board. The company has disclosed that the resignation is due to the divestment of shareholding by DTIL, which triggered the loss of its nomination rights under Article No. 102A of the Articles of Association. The requisite regulatory filings have been initiated to formalize the change.

Aditya Infotech Ltd has appointed Mr. Atul B Lall as an Additional Director in the Non-Executive Non-Independent category, effective May 26, 2026. The appointment was approved by the Board of Directors based on the recommendation of the Nomination & Remuneration Committee, utilizing a resolution passed through circulation. Mr. Lall will hold the office until the date of the ensuing Annual General Meeting and is liable to retire by rotation.

The decision leverages Mr. Lall's extensive industry experience and strategic leadership. He previously served as a Director representing Dixon Technologies (India) Limited. The appointment was made pursuant to the provisions of Article No. 102A of the Articles of Association of the Company.

Director Profile

Mr. Atul B. Lall serves as the Vice Chairman and Managing Director of Dixon Technologies (India) Limited. He holds a master's degree in management studies from the Birla Institute of Technology and Science, Pilani. With over three decades of experience in the Electronic Manufacturing Services (EMS) industry, he has contributed significantly to sector development.

His roles include serving as a member of the Technical Evaluation Committee for Electronic Manufacturing Services under M-SIPS, constituted by the Ministry of Electronics and Information Technology (MeitY). He has also represented the Electronic Industries Association of India (ELCINA) on the Committee for Reliability of Electronic and Electrical Components and Equipment of the Bureau of Indian Standards (BIS). Additionally, Mr. Lall authored the book 'Gita and India Inc.' and received the 'MAN OF ELECTRONICS' award from CEAMA in 2022.

Key Disclosures

The company confirmed that Mr. Lall is not related to any Director, Key Managerial Personnel, or Promoters of Aditya Infotech Ltd. Furthermore, he is not debarred from accessing the capital markets or restrained from holding the position of Director in any listed entity by the Securities and Exchange Board of India (SEBI) or any other authority.