Artson Limited's Board of Directors held a significant meeting on March 25, 2026, approving multiple strategic appointments and financial decisions in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The board meeting commenced at 15:15 hours IST and concluded at 17:50 hours IST.

Key Board Appointments

The board approved three major directorial appointments based on recommendations from the Nomination and Remuneration Committee:

Director Profiles and Qualifications

Mr. Neeraj Agrawal brings substantial industry expertise as the newly appointed Additional Director (Non-Executive). A Mechanical Engineer from AMU Aligarh with a Master of Technology degree, he possesses over three decades of experience in the EPC industry. Since joining Tata Projects Limited in October 2022, he has demonstrated strong execution capabilities in various leadership roles including Project Controls, Procurement, IT and Digitization, Project Management Office, Central Engineering, Corporate Safety and Corporate Quality. He is not related to any existing director of the company.

Mr. Jyotisman Dasgupta, an experienced Maritime and Oil & Gas Professional, will continue as Independent Director for a second term. His qualifications include a graduate degree in Naval Architecture with Honours from IIT Kharagpur, postgraduate education in Structural Analyses from IIT Bombay, and Executive MBA from S.P. Jain School of Management & Research. His re-appointment is for five years or until he reaches 75 years of age, whichever occurs earlier.

Mr. Shashank Jha's re-appointment as Whole-Time Director reinforces the company's strategic direction. As CEO and Board Member, he holds a Bachelor's degree in engineering from IIT-ISM Dhanbad and MBA from Indian Institute of Management, Bangalore. He spearheads the company's overall strategic direction and ensures world-class production quality at manufacturing units, contributing to India's 'Make in India' initiative.

Financial Approval and Corporate Actions

The board granted in-principal approval to avail a loan or convert payables to loan up to Rs. 10.00 crores from Tata Projects Limited, the holding company. Final terms and conditions will be communicated upon finalization with the holding company.

The board also approved a postal ballot notice to obtain shareholder approval for special business matters. All director appointments are subject to member approval where applicable. The company has communicated these developments to BSE Limited in compliance with regulatory requirements, ensuring transparency in corporate governance and stakeholder communication.

Artson Limited has disclosed the payment of a regulatory fine to BSE Limited for non-compliance with board meeting intimation requirements. The company paid ₹11,800.00 to settle the penalty imposed for delayed notification under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Non-Compliance Details

The fine was levied for violation of Regulation 29(2)/29(3) of SEBI (LODR) Regulations, 2015, specifically related to delayed prior intimation about the board meeting for the quarter ended 31st December, 2025. BSE Limited communicated the penalty to the company on 13th February, 2026.

Fine Payment Details

The company remitted the penalty amount through electronic transfer, with complete payment details disclosed in compliance with regulatory requirements.

Board Response and Corrective Measures

At the board meeting held on 25th March, 2026, the directors discussed the non-compliance issue and provided their assessment of the situation. The board acknowledged that the violation was inadvertent and unintentional, occurring due to oversight rather than any deliberate action.

Key points from the board's response include:

• The non-compliance was inadvertent and unintentional
• No mala fide intention was involved
• The company places utmost importance on regulatory compliance
• Instructions issued to ensure strict adherence to SEBI (LODR) Regulations, 2015
• Measures to prevent recurrence of such instances in future

Compliance Framework

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company secretary and compliance officer, Deepak Tibrewal, signed the communication digitally on 25th March, 2026, ensuring proper documentation and transparency in regulatory reporting.