Austere Systems has authorized its Key Managerial Personnel (KMP) to determine the materiality of disclosures and make submissions to stock exchanges, in compliance with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The authorization was approved by the Board of Directors as part of the company’s policy for determining materiality of disclosures. This procedural step ensures that the company meets regulatory requirements for timely and accurate information dissemination to investors on the BSE SME Platform.

The Board designated two executives with specific authorities regarding disclosure protocols. Piyush Gupta, Executive Director & Chief Financial Officer, is authorized to determine the materiality of an event or information and make disclosures to stock exchanges. Sneha Goenka, Company Secretary & Compliance Officer, is authorized to make disclosures to stock exchanges. Both officials serve as the primary points of contact for regulatory communications.

Authorized Personnel Details

The following table outlines the designated KMP, their designations, and specific authorities granted under the regulation:

The notification was submitted to BSE Limited on July 28, 2026. Sneha Goenka, who holds Membership Number A48476, digitally signed the communication on behalf of the company. Austere Systems Limited, formerly known as Austere Systems Private Limited, operates from registered offices in Pune and Gurugram, with an additional office in Panchkula. The company continues to adhere to listing obligations on the SME Platform, maintaining transparency in its corporate governance practices.

Austere Systems Limited has appointed Sneha Goenka as Company Secretary and Compliance Officer, effective July 27, 2026. The Board of Directors approved the appointment during a meeting held on the same day, following a recommendation from the Nomination and Remuneration Committee. This leadership addition coincides with the resignation of Sharad Gaur, an Independent Director, who stepped down due to personal reasons, marking a shift in the company’s governance structure.

The Board approved Goenka’s appointment pursuant to Section 203 of the Companies Act 2013 and Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Simultaneously, the Board accepted the resignation of Sharad Gaur (DIN: 10556350), which took effect at the close of business hours on July 27, 2026. Gaur also ceased to be a member of the Nomination & Remuneration Committee upon his departure. The Board expressed appreciation for Gaur’s contributions during his tenure.

Goenka brings six years of experience in corporate secretarial and compliance roles across various listed entities. She is a member of the Institute of Company Secretaries of India, holding Membership No. ACS A48476. Her professional background includes heading the Company Secretarial and Compliance Teams at Pratap Technocrats Private Limited, Insolation Energy Limited, and Prithvi Exchange India Limited. Her expertise covers Securities Laws, the Companies Act 2013, and other relevant corporate laws.

The disclosures were made in compliance with Regulation 30 of the SEBI Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. In his resignation letter, Gaur confirmed that there were no material reasons for his departure other than those cited. He also stated that he does not hold directorships in any other listed entities. The company has uploaded the intimation and relevant annexures on its website for stakeholder reference.