Chandni Machines accepted the resignation of Rameshchand Garg as Non-Executive Independent Director, effective September 21, 2026. The departure follows his letter dated September 18, 2026, citing additional time commitments that prevent him from devoting sufficient attention to board responsibilities.

The company disclosed the change under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was filed with the BSE Limited on September 21, 2026.

Resignation Details

Garg confirmed in his resignation letter that there are no material reasons for his departure other than the stated time constraints. He expressed gratitude to the Board and management for their support during his tenure.

The company noted that Garg did not hold directorships in any other listed entities as of the date of his resignation. The full disclosure is available on the company website.

Chandni Machines Limited has scheduled its 10th Annual General Meeting (AGM) for Wednesday, September 30, 2026. The virtual meeting will convene at 3:00 pm via video conferencing or other audio-visual means.

The primary agenda includes seeking shareholder approval for the 1:10 sub-division of equity shares, previously approved by the Board on September 8, 2026. This corporate action aims to enhance liquidity and broaden the shareholder base by reducing the face value of each share from ₹10 to ₹1.

Share Split Details

The Board had earlier approved splitting each existing equity share with a face value of ₹10 into 10 equity shares with a face value of ₹1 each. The total paid-up capital remains unchanged at ₹7,03,83,330. Shareholders will vote on this proposal as an Ordinary Resolution during the AGM.

The record date for the split will be fixed after shareholder approval. The company expects to complete the process within two to three months of receiving such approval.

Director Appointments and Reappointments

The AGM will also address several director-related matters:

• Appointment of Independent Director: Shareholders will vote on the appointment of Kishor Babubhai Vaidya (DIN: 00780826) as an Independent Director for a first term of five years, commencing from September 30, 2026. He was initially appointed as an Additional Director on September 8, 2026.
• Reappointment of Independent Director: The reappointment of Richie Hiralal Amin (DIN: 02253316) for a second five-year term, effective from November 8, 2026, to November 7, 2031, will be considered.
• Retirement by Rotation: Amita Jayesh Mehta (DIN: 00193075), who retires by rotation, offers herself for re-appointment.

Other Business Items

The Board has proposed several other resolutions for shareholder consideration:

• Secretarial Auditor: Appointment of M/s. N.L. Bhatia & Associates as Secretarial Auditor for FY27 to FY31.
• Section 186 Limits: Approval for loans, inter-corporate deposits, guarantees, and acquisition of securities up to an aggregate limit of ₹30 crore, in excess of limits prescribed under Section 186 of the Companies Act, 2013.
• Utilization of Earmarked Funds: Authorization to temporarily deploy unutilised proceeds from a preferential issue via Inter-Corporate Deposits (ICDs) or loans, up to an aggregate amount of ₹11 crore outstanding at any point in time.
• MOA Alteration: Alteration of Clause V of the Memorandum of Association to reflect the change in authorized share capital structure post-split.

E-Voting and Meeting Logistics

Remote e-voting facilities are available from September 27, 2026, at 9:00 am to September 29, 2026, at 5:00 pm. The cut-off date for voting rights is September 23, 2026. M/s S P K G & Co. LLP has been appointed as the scrutinizer for the e-voting process.

KYC and Annual Report Access

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company is dispatching letters to shareholders without registered email IDs. These communications provide a web-link to access the Annual Report for FY25-26 via the company website.

Shareholders holding physical securities are reminded to update their KYC details as per SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. This includes recording PAN, address, mobile number, bank account details, specimen signature, and nomination choice. Failure to update these details may restrict payment eligibility to electronic modes only.