P.M. Telelinnks Ltd witnessed a significant change in ownership and management on July 29, 2026, as BSL Infrastructure Ltd completed the acquisition of 48,38,733 (Forty-Eight Lakhs Thirty-Eight Thousand Seven Hundred and Thirty-Three) equity shares, representing 48.03% of the company's paid-up equity share capital. The transaction was executed pursuant to a Share Purchase Agreement (SPA) dated September 5, 2025, between the outgoing promoter group members and BSL Infrastructure Ltd. Each equity share carries a face value of INR 10/- and was acquired at a price of INR 6.20/- per share. The Board of Directors, at its meeting held on July 29, 2026, took on record the completion of the transaction and all consequential changes.

Transaction Details

The SPA was executed between the outgoing promoter group — comprising Mr. Gulab Chand Pukhraj Surana, Mr. Dipin Surana, Mr. Ravi Surana Pukhraj, Ms. Meena Surana, Ms. Priyanka Surana, Ms. Pranali Surana, Ms. Jaishika Surana, M/s. Kaveri (India) Limited, and M/s. Surana Securities Limited — and BSL Infrastructure Ltd as the incoming acquirer. The acquisition was completed in accordance with Regulation 22(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Following the completion of the transaction, BSL Infrastructure Ltd has acquired control of P.M. Telelinnks Ltd and has become its promoter in accordance with applicable laws.

Board Reconstitution — New Appointments

Following the change in control, the Board approved the appointment of four Additional Directors with effect from July 29, 2026, subject to shareholder approval, each for a term of five years. The newly appointed directors bring diverse expertise across construction, engineering, scaffolding, corporate law, and governance.

• Neerav Hans is an industrialist with over 28 years of experience in construction, engineering, and manufacturing, holding qualifications in Management and Mechanical Engineering from MIT. He manages a global workforce of over 2,000 people and has received multiple export promotion awards.
• Hari om Parkash brings over 26 years of experience in the scaffolding and formwork industry, with senior management positions held in India, Dubai, and Ukraine. He is a Director of BSL Scaffolding Limited.
• Kawal Singh is a Practising Company Secretary, Advocate, Qualified Independent Director, and Registered GST Practitioner with over 10 years of post-qualification experience. He serves as Director of Meditrone Healthier Private Limited and as an Independent Director of Bazel International Limited.
• Kritika Gupta is a Practising Company Secretary and Qualified Independent Director (IICA) with over eight years of experience in corporate laws, corporate governance, secretarial audit, and regulatory compliance.

Board Reconstitution — Resignations

Consequent to the completion of the transaction and the cessation of control by the outgoing promoter group, four directors tendered their resignations with immediate effect from July 29, 2026.

All resigning directors confirmed that there are no material reasons for their resignations other than those stated, namely the acquisition of the company resulting in a change in management and ownership. None of the resigning directors hold directorships in any other listed entity.

Changes in Key Managerial Personnel

Alongside the board changes, the company also effected changes at the Key Managerial Personnel (KMP) level with immediate effect from July 29, 2026.

KMPs Resigned:

KMPs Appointed:

Re-classification of Outgoing Promoters

Pursuant to the consummation of the transaction on July 29, 2026, the outgoing promoters, who no longer hold any equity shares of the company, have ceased to be promoters or members of the promoter group in accordance with Regulation 31A(10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intent of the outgoing promoters to cease being promoters was disclosed as part of the open offer documents issued by BSL Infrastructure Ltd in accordance with the SEBI SAST Regulations. The company has confirmed compliance with the applicable sub-clauses of Regulation 31A(3) of the SEBI LODR Regulations. BSL Infrastructure Ltd now stands as the sole promoter of P.M. Telelinnks Ltd.

P.M. Telelinnks accepted the resignation of Ms. Gunjan Mittal as Company Secretary, Compliance Officer, and Key Managerial Personnel effective July 9, 2026, due to unavoidable circumstances. The Board of Directors approved the resignation during its meeting held on July 9, 2026, relieving her from her responsibilities with immediate effect. The company confirmed that a new appointee will be appointed shortly and the same shall be intimated to the Stock Exchange.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the cessation of Ms. Mittal's role as Key Managerial Personnel is consequential to her resignation.

Resignation Details

The following table outlines the key details regarding the change in management:

Ms. Mittal submitted her formal resignation letter to the Board of Directors, citing immediate effectiveness. The company has attached the resignation letter and the required regulatory disclosures as annexures to the filing.