Creative Eye Limited is undergoing a significant restructuring of its Board of Directors, with three directors resigning and three new or regularized appointments approved by the Board on August 3, 2026. The company has scheduled an Extra Ordinary General Meeting (EOGM) for August 25, 2026, to secure shareholder approval for these changes, along with approval for overall borrowing limits under Section 180(1)(c) of the Companies Act, 2013. This governance overhaul aims to refresh leadership while maintaining continuity in key executive roles.

The Board accepted the resignations of Charuhas Shantaram Patil (Independent Non-Executive Director), Sanjay Krishna Rane (Non-Independent Non-Executive Director), and Sachin Vaman Devare (Non-Independent Executive Director), all effective August 3, 2026. Each resigned citing personal reasons, with no material disagreements reported. Concurrently, the Board appointed Asha Choudhary as an Additional Independent Director for a five-year term starting August 3, 2026. It also regularized Praful Jadavji Shah as an Independent Non-Executive Director, effective May 26, 2026, and re-appointed Zubey Kochhar as Whole Time Executive Director for three years, effective June 1, 2026. Additionally, Manoj Ramesh Kalgutkar was appointed as Company Secretary and Compliance Officer.

Key Board Changes

The following table outlines the specific changes to the Board composition approved during the meeting:

EOGM Details and Voting Process

Shareholders will vote on these resolutions at the EOGM scheduled for Tuesday, August 25, 2026, via Video Conference/Other Audio-Visual Means (OAVM). The register of members and share transfer books will remain closed from August 19, 2026, to August 25, 2026, inclusive. The cut-off date for determining eligibility to vote is August 18, 2026.

E-voting will be available from August 22, 2026, at 09:00 AM to August 24, 2026, at 05:00 PM. Ms. Kirty Vaidya of M/s. Kirty Vaidya & Associates has been appointed as the scrutinizer for the meeting. The proceedings were conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI circulars.

Governance Implications

The departure of three directors, including an independent member, necessitates the addition of Asha Choudhary to maintain independent representation on the Board. Zubey Kochhar, who is the mother of Managing Director Ashutosh Kochhar, continues in her executive role, ensuring operational stability. The appointment of Manoj Ramesh Kalgutkar, a qualified Company Secretary with over 25 years of experience, strengthens the company’s compliance framework. These changes reflect a strategic realignment of governance resources while preparing for potential expansion through the proposed borrowing limits.

Creative Eye Ltd has accepted the resignation of Ms. Prema Dubey as Company Secretary and Compliance Officer, effective from the close of business hours on July 31, 2026. The resignation was submitted to pursue better career opportunities, and the company confirmed there are no other material reasons for her departure. This change impacts the Key Managerial Personnel structure of the media entity.

The intimation was submitted to the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was made by Managing Director Ashutosh Dheeraj Kumar Kochhar on July 15, 2026.

Details of Resignation

The company disclosed the specific details regarding the cessation of the officer's tenure in the regulatory filing. The resignation was formally addressed to the Board of Directors, with a request to settle all pending dues before the last working day.

Ms. Dubey holds membership number A26514. In her resignation letter, she expressed gratitude to the Board of Directors, Senior Management, and staff for their support during her tenure. She confirmed that the stated reason was the sole material cause for her resignation.