Dhruva Capital Services Limited has officially communicated to BSE Limited that it does not qualify as a 'Large Corporate' entity under the regulatory framework established by the Securities and Exchange Board of India (SEBI). This disclosure was made in accordance with mandatory compliance requirements for listed companies.

Regulatory Compliance Disclosure

The company submitted its formal communication on April 7, 2026, addressing the requirements outlined in SEBI Circular no. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. This circular specifically addresses fund raising through issuance of debt securities by large entities and establishes the framework for determining corporate classification.

Corporate Structure and Leadership

The disclosure was formally signed by Shreeram Bagla, who serves as Whole-time Director of the company with Director Identification Number (DIN) 01895499. The communication was digitally signed on April 7, 2026, at 14:44:12 +05'30', ensuring proper authentication and compliance with digital documentation requirements.

Company Operations and Presence

Dhruva Capital Services Limited operates from multiple locations across India. The company maintains its corporate office at Chatterjee International Centre, 13th Floor, Room No. A-7, 33A, Chowringhee Road, Kolkata – 700071, West Bengal. Its registered office is located at 003-A, Circle View, Sukhdia Circle, Udaipur – 313001, Rajasthan.

Regulatory Significance

This disclosure serves as an important regulatory update for stakeholders and market participants. The SEBI framework for large corporate entities includes specific compliance requirements and disclosure obligations that vary based on corporate classification. By confirming its status as 'NOT A LARGE CORPORATE', Dhruva Capital Services Limited has clarified its position within the regulatory framework, which impacts its debt securities issuance capabilities and associated compliance obligations.

Dhruva Capital Services Limited has submitted a revised disclosure to BSE Limited regarding its comprehensive board restructuring following regulatory compliance requirements. The company filed additional details under Regulation 30 of SEBI (LODR) Regulations, 2015, after initially submitting the announcement on March 9, 2026.

Regulatory Compliance Update

On March 11, 2026, the company submitted a clarification to BSE Limited acknowledging that required details as prescribed under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 were inadvertently not attached to the original announcement due to an oversight. The revised disclosure includes comprehensive details of all board changes.

Director Resignations

The board meeting addressed the resignation of two independent directors who cited pre-occupancy in their own business ventures as the primary reason for their departure.

Both directors confirmed that there were no material reasons for their resignations beyond those mentioned in their resignation letters. Mrs. Chanchal Kedia was appointed as Independent Director on December 06, 2024, while Ms. Hitu Gambhir Mahajan served from July 10, 2024.

Additional Directorships Disclosed

The revised disclosure provides comprehensive details of other listed entity directorships held by the resigning directors:

Mrs. Chanchal Kedia holds directorships in:

• Nagarjuna Agri-Tech Limited (Chairperson of Audit, Nomination & Remuneration, and Stakeholder Relationship Committees)
• L C C Infotech Limited (Member of Audit, Nomination & Remuneration, and Stakeholder Relationship Committees)

Ms. Hitu Gambhir Mahajan holds directorships in:

• Forcas Studio Limited (Chairperson of Stakeholders Relationship and CSR Committees, Member of Audit and Nomination & Remuneration Committees)
• Osel Devices Limited (Member of Audit, Nomination & Remuneration, and Stakeholder Relationship Committees)

New Director Appointments

To strengthen its board composition, the company has appointed three new independent directors, each bringing distinct expertise to the organization.

Company Secretary Changes

The board also addressed the resignation of Mrs. Priti Lakhotia from her position as Company Secretary and Compliance Officer, effective from the close of business hours on March 09, 2026. She cited pre-occupancy in her own business venture as the reason for her departure. Mrs. Lakhotia was appointed to this position on October 22, 2024.

Committee Reconstitution

Following these changes, the board has reconstituted its key committees to ensure proper governance structure:

The board meeting, which commenced at 1:30 p.m and concluded at 2:00 p.m, was conducted in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All appointments are subject to shareholder approval, and the company has confirmed that none of the new directors are related to existing board members.