Expo Engineering & Projects Ltd. (formerly known as Expo Gas Containers Ltd.) has intimated the Bombay Stock Exchange of its proposal to re-appoint Mr. Venkateswaran Manickam Chittoor (DIN 02532306) as a Non-Executive Independent Director of the Company for a second term of 5 consecutive years, commencing from September 10, 2026. The proposal, based on the recommendation of the Nomination and Remuneration Committee, was considered by the Board and remains subject to approval of shareholders at the ensuing Annual General Meeting. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular dated January 30, 2026.

Re-appointment Details

The key details of the proposed re-appointment are summarised below:

Profile of Mr. Venkateswaran Manickam Chittoor

Mr. Venkateswaran Manickam Chittoor, widely known as Venkat, is a seasoned professional with a career spanning over 37 years. He began his professional journey at Rashtriya Chemicals & Fertilizers (RCF), where he laid the foundation for his subsequent career. He later rose to prominence as CEO and Vice President of Aker Power Gas Subsea Pvt. Ltd., demonstrating significant leadership capabilities.

As a Chartered Mechanical Engineer, Mr. Chittoor has accumulated extensive experience across several domains:

• Quality Management
• Construction
• Project Execution
• Supply Chain Management

His expertise in multi-disciplinary interfaces enabled him to manage complex projects effectively. He subsequently assumed the role of Global Supply Chain Manager at Aker Solutions, reflecting his global professional standing.

Regulatory Disclosure

The intimation was submitted to the Department of Corporate Services, Bombay Stock Exchange, P.J. Towers, Dalal Street, Mumbai, on August 11, 2026. The filing was signed by Hasanain S. Mewawala, Managing Director (DIN: 00125472), on behalf of Expo Engineering and Projects Limited. The requisite disclosures as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, were enclosed as Annexure A along with the intimation.

Expo Engineering & Projects reported a net profit of ₹60.76 lakh for the first quarter ended June 30, 2026, marking a significant decline from the ₹104.45 lakh profit recorded in the same quarter of the previous fiscal year. Revenue from operations contracted to ₹1,375.07 lakh, down from ₹1,784.54 lakh in Q1FY26. The results were approved by the Board of Directors on August 11, 2026, along with the limited review report from statutory auditors K. S. Shah & Co.

The company’s total operating income stood at ₹1,375.21 lakh, compared to ₹1,784.70 lakh in Q1FY26. Total expenditure was ₹1,314.45 lakh, up from ₹1,680.25 lakh in the prior year’s quarter, driven primarily by lower cost of materials consumed at ₹613.66 lakh versus ₹742.19 lakh previously. However, other expenditure remained high at ₹515.37 lakh, compared to ₹918.53 lakh in Q1FY26. Profit before tax was ₹60.76 lakh, with no tax expense recorded for the current quarter.

In other developments, the Board approved the re-appointment of Venkateswaran Manickam Chittoor as a Non-Executive Independent Director for a second term of five years, effective September 10, 2026, subject to shareholder approval at the upcoming Annual General Meeting. The AGM is scheduled for September 10, 2026, with book closure dates from September 4 to September 10, 2026.

The company also completed the allotment of 13,32,856 equity shares of ₹4 each to promoter Murtuza Shaukatali Mewawala upon conversion of warrants. The allotment was made at a premium of ₹66 per share, raising ₹6,99,74,940 as the balance consideration. This brings the issued and paid-up share capital to ₹9,65,17,024, comprising 2,41,29,256 equity shares.

What the Numbers Show

The decline in profitability is largely attributable to the drop in revenue, which fell by over 23% year-on-year. While cost of materials decreased significantly, helping contain overall expenditure, the reduction in top-line growth outpaced the savings in costs. Other income remained negligible at ₹0.14 lakh, contributing minimally to the bottom line. The absence of tax expense in the current quarter contrasts with the prior year’s structure but does not offset the operational revenue contraction.