The Board of Directors of Gala Precision Engineering , at its meeting held on May 14, 2026, approved the re-appointment of three Non-Executive Independent Directors for their second terms, based on the recommendation of the Nomination and Remuneration Committee. The re-appointments are subject to shareholder approval by way of Special Resolution at the ensuing Annual General Meeting. The disclosures were made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Re-appointment Details

The following table summarises the key terms of each re-appointment approved by the Board:

All three directors have individually confirmed that they meet the criteria of independence under Section 149 of the Companies Act, 2013, and Regulation 16 of the SEBI Listing Regulations. Each has also confirmed that they have not been debarred from holding the office of Director by any order of the Securities and Exchange Board of India or any other authority. None of the three directors is related to any other Director of the Company.

Director Profiles

Ms. Neha Rajen Gada

Ms. Neha Rajen Gada is a Chartered Accountant, a Law Graduate, and a Resolution Professional who began her professional career in 1997. She served in managerial positions for eight years at BSE Limited across departments including Corporate Services, Surveillance, and Supervision, where she was instrumental in conceptualising and implementing various compliance systems and modules for the stock exchange. She currently runs a consultancy firm specialising in SEBI Regulations and NBFCs, with expertise spanning Securities Laws, Stock Exchange Compliances, Corporate Restructuring, Mergers, ESOPs, SME Listing, Takeover Code, SEBI Exemption and Consent applications, and advising on Resolution Plans for listed companies.

Mr. Snehal Bhupendra Shah

Mr. Snehal Bhupendra Shah is an electrical engineering graduate from Sardar Patel University (1991) and holds a PGDM from IIM Bangalore (1995). He brings 21 years of experience in private equity investing, having started his career with ICICI Venture Funds Management Company Limited. He subsequently spent 5 years at ICICI Venture before moving to Actis Advisers Private Limited, where he worked for 8 years. He then joined Fairwinds Private Equity as a Partner from 2008 to 2015. Throughout his career, he was involved across the full value chain of private equity—from deal identification to exit strategy execution. He left the private equity sector in 2015 and is also an active investor in public and private markets.

Mr. Sudhir Tokarshi Gosar

Mr. Sudhir Tokarshi Gosar holds a B.Tech in Chemical Engineering from IIT Mumbai. He spent 15 years with Tata Burroughs / Tata Unisys / Tata Infotech as a computer consultant, working on software development assignments including data communications and networking on the Burroughs mainframe. His client engagements included Burroughs Computer (Philadelphia, US), DATEV (Nuremberg, Germany), and BBL (Brussels). He subsequently joined In2cable, a Cable ISP of the Hinduja Group, as Chief Technology Officer for 7 years, followed by a role as CTO at Reliance Infocom / Reliance BIG TV, a DTH operation and subsidiary of RCOM. He later joined Telecom Software Elitecore as President, Cable & ISP Business—a company subsequently acquired by Sterlite Technologies. He presently works as a consultant in the Networks and Security domain.

Compliance and Regulatory Context

The re-appointments and accompanying disclosures have been made in accordance with Regulation 30 of the SEBI Listing Regulations, read with SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The filing was signed by Pooja Ladha, Company Secretary and Compliance Officer of Gala Precision Engineering.

Gala Precision Engineering 's Board of Directors, at their meeting held on May 14, 2026, approved the appointment of M/s. Shekhar Joshi & Co., Cost Accountant (Membership Number: 10700), as the Cost Auditor of the company. The appointment was made to conduct the audit of cost records for the Financial Year 2026-27. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board Meeting commenced at 3.30 P.M. (IST) and concluded at 5.40 P.M. (IST).

Appointment Details

The appointment was approved upon the recommendations of the Audit Committee at the Board Meeting held on May 14, 2026. The following table summarises the key details of the appointment as disclosed under Regulation 30 of the SEBI Listing Regulations:

Profile of the Appointed Firm

M/s. Shekhar Joshi & Co. is a Cost Accounting firm based in Mumbai, India, led by Proprietor Mr. Shekhar Joshi. The firm specialises in Cost and Management Accounting Services. The disclosure of relationships between directors is not applicable in this case, as the appointment pertains to a Cost Auditor and not a Director.

Regulatory Compliance

The intimation was submitted in accordance with Regulation 30 of the SEBI Listing Regulations, read with SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company also noted that the outcome of the Board Meeting containing the intimation of approval of Financial Results for the Quarter and Financial Year ended March 31, 2026, was submitted separately, pursuant to BSE Circular No. 20230315-41 and NSE Circular No. NSE/CML/2023/20 dated March 15, 2023. The disclosure was signed by Pooja Ladha, Company Secretary and Compliance Officer of Gala Precision Engineering.