Crystal Business System has reshuffled its Board of Directors with the appointment of Ankit Kakran as an additional non-executive and non-independent director, effective August 10, 2026. The addition comes alongside the resignation of Arpan Gupta from the identical position, also effective August 10, 2026, citing personal and unavoidable circumstances. This change ensures continuity in the company’s governance structure while integrating new expertise in finance and marketing.

The appointments were made based on the recommendation of the Nomination and Remuneration Committee. Both changes were formalized during a Board meeting held on Monday, August 10, 2026, at the company’s registered office in New Delhi. The Board accepted Gupta’s resignation with immediate effect, acknowledging his services during his tenure. Kakran’s appointment is subject to ratification by the members at the ensuing Annual General Meeting (AGM).

Board Composition Changes

The following table outlines the specific changes to the Board composition:

Kakran brings over 12 years of experience in finance and marketing to the Board. He holds a graduate degree and is not related to any promoters, members of the promoter group, or existing directors of the company. His DIN is 10177754.

Gupta, whose DIN is 03498884, resigned due to personal reasons that prevent him from devoting sufficient time to the company’s affairs. In his resignation letter, Gupta confirmed there are no pending dues with the company. Like Kakran, Gupta was not related to any promoters or existing directors during his tenure.

Regulatory Disclosures

The company disclosed these material events pursuant to Regulation 30 read with Para-A of Part-A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to BSE Limited and Metropolitan Stock Exchange Limited on August 10, 2026.

The filing included certified true copies of the Board resolutions for both the appointment and resignation, along with the brief profiles and relationship disclosures required under SEBI Master Circular No HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Bal Mukund Tiwari, Whole-Time Director, authorized the submission of necessary forms to the Registrar of Companies.

Crystal Business System has accepted the resignation of Khushi Jain from the post of Company Secretary and Compliance Officer, effective August 7, 2026. The departure, attributed to personal and unavoidable circumstances, leaves the company without a designated compliance officer while it initiates a search for a suitable replacement. This leadership change in the compliance function requires immediate attention to ensure continued adherence to regulatory reporting obligations under SEBI Listing Regulations.

The intimation was submitted to BSE Limited and Metropolitan Stock Exchange Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Bal Mukund Tiwari, Managing Director of Crystal Business System, signed the disclosure on behalf of the Board of Directors. The filing included the resignation letter and details required under Part A, Para A of Schedule III of the SEBI Listing Regulations, along with reference to SEBI Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Khushi Jain, who held ACS membership number 79892, tendered her resignation due to personal and unavoidable circumstances. Her cessation date was fixed for August 7, 2026. The Board of Directors has accepted her resignation and relieved her of her duties with effect from the same date. Jain thanked the Board and her team for the support extended during her tenure as Company Secretary and Compliance Officer.

The company stated it is in the process of identifying and hiring a suitable candidate for the said position. Crystal Business System will inform the stock exchanges once the vacancy is filled. Until a new appointee is named, the company must ensure that all statutory filings and compliance requirements are managed appropriately to avoid any regulatory lapses.

What This Means for Compliance

The role of the Company Secretary and Compliance Officer is critical for ensuring that listed entities adhere to the continuous disclosure norms mandated by SEBI. With the position vacant, the operational burden of compliance may temporarily shift to other senior management or external consultants. Investors should monitor subsequent announcements regarding the appointment of a successor to assess the stability of the company’s corporate governance framework.