austin engineering company has announced the resignation of its Independent Director, Mr. Jagdishchandra Bhagwanjibhai Jagani, effective from the close of business hours on May 20, 2026. The company informed the BSE Limited that the resignation was submitted via a letter dated May 18, 2026, and was attributed to the director's pre-occupancy. The Board of Directors has accepted the resignation and noted that there are no other material reasons for the departure beyond those stated in the letter.

Board Committee Changes

Following the resignation, Mr. Jagani has ceased to hold positions on key board committees. He is no longer the Chairman or Member of the Audit Committee, the Nomination and Remuneration Committee, or the Stakeholders Relationship Committee. These changes are effective from May 20, 2026. The board placed on record its appreciation for Mr. Jagani's contributions and guidance during his tenure.

Director Details

The disclosure confirmed that Mr. Jagani does not hold directorships or memberships of board committees in any other listed entity other than Austin Engineering Company Limited. The company has completed the necessary formalities regarding the resignation through a circular resolution passed by the Board.

Austin engineering company Limited has filed its annual disclosure with BSE Limited, confirming that it does not meet the criteria for classification as a Large Corporate entity for the financial year ending March 31, 2026. The disclosure was submitted on April 6, 2026, in compliance with SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018.

Regulatory Compliance Status

The company has formally notified BSE that it is not categorized as a "Large Corporate" as defined under the SEBI circular, read with BSE Circular no LIST/COMP/59/2019-20 dated March 3, 2020. Consequently, the compliance requirements pertaining to the SEBI circular are not applicable to Austin Engineering Company Limited.

Financial Position Details

The company submitted detailed particulars in Annexure-A format as required by the regulatory framework:

Key Regulatory Framework

The disclosure relates to SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, which establishes criteria for identifying Large Corporate entities. Companies that do not meet these criteria must submit annual confirmations to stock exchanges within 30 days from the beginning of the financial year.

Company Background

Austin Engineering Company Limited is a bearing manufacturer with its registered office and works located at Patla, Ta. Bhesan, Via Ranpur (Sorath), Post Hadmatiya, Dist. Junagadh, Gujarat. The company holds multiple certifications including ISO 9001:2015, IATF 16949:2016, ISO 14001:2015, and ISO 45001:2018 from TÜV Rheinland.

The disclosure was signed by Kiran Shah, Executive Officer (Secretarial), along with Siddik A Kotal, Chief Financial Officer, and Hemant Singh Jhala, Company Secretary, confirming the company's compliance with regulatory requirements under the SEBI framework.