Expleo Solutions Ltd has accepted the resignation of Mr. Saket Newaskar from the positions of Key Managerial Personnel (KMP) and Senior Management Personnel (SMP) effective immediately due to personal reasons. The company confirmed there are no material reasons for the resignation beyond those stated in his letter. Newaskar will be relieved from his duties on a final working date that will be communicated later.

The resignation was intimated to the stock exchanges 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 also made in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024.

Details of Resignation

The following table outlines the specifics of the regulatory disclosure regarding the change in personnel:

S. Sampath Kumar, Company Secretary and Compliance Officer of Expleo Solutions Limited, signed the regulatory filing on July 03, 2026.

Expleo Solutions disclosed details of agreements entered into by its promoter group where the listed entity is not a party. The filing, submitted to BSE and NSE, outlines multiple financial securities pledge agreements involving Expleo Group and Expleo Services. These agreements secure a senior facilities agreement with a principal amount of €725 million.

The disclosures were made pursuant to Regulation 30A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agreements involve French law financial securities account pledges and Dutch and German law share pledges. Société Générale acts as the security agent for the lenders under the senior facilities agreement dated 28 September 2017, which was amended by letters countersigned on May 15, 2026.

The filing clarifies that the listed entity is not a party to the facilities agreement and has not provided any guarantee or security. The outstanding senior debt sits at the level of Expleo Services only. The company stated there is currently no outstanding event of default, and enforcement of the pledges is not expected.

Key Pledge Agreements

The disclosure details several ranking pledge agreements entered into by Expleo Group over shares of Expleo Services. These include first to seventh ranking pledges dated between 2017 and 2026. Additionally, Expleo Services has entered into first to sixth ranking pledges over shares of Expleo.

Impact on Listed Entity

The agreements state that Expleo Group, Expleo Services, and Expleo Germany Holding qualify as promoters of the listed entity. The pledge agreements may only be enforced by Société Générale in case of an acceleration of the senior debt following an event of default. Currently, the pledges have no impact on the management or control of Expleo Solutions Ltd. However, enforcement could potentially impact indirect control.