Garuda Construction & Engineering Limited has appointed Mr. Krishnakumar Laxman Bangera and regularized Mrs. Dhruti Harsh Satia as Non-Executive Independent Directors for a term of five years. The appointments, effective June 1, 2026, and April 21, 2026, respectively, were approved by the company's members. These moves align with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to strengthen board governance.

Mr. Krishnakumar Laxman Bangera brings extensive experience managing organizations across diverse cultures and teams. Mrs. Dhruti Harsh Satia, a Company Secretary and Associate Member of ICSI, previously served Mercury Trade Links Limited and Essel Finance Wealth Zone Private Limited. The company confirmed there are no inter-relationships between the new appointees and existing directors.

Appointment Details

Garuda Construction & Engineering Limited announced a change in its Secretarial Auditor for the financial year 2025-26, following a Board of Directors meeting held on Saturday, May 30, 2026. The Board, acting on the recommendation of the Audit Committee, accepted the resignation of the incumbent Secretarial Auditor and approved the appointment of a new firm in her place. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with relevant SEBI circulars.

Resignation of Secretarial Auditor

Ms. Aakruti Somani, Practicing Company Secretary (Peer Review No.: 2083/2022), tendered her resignation as Secretarial Auditor of Garuda Construction & Engineering with immediate effect for the financial year ending March 31, 2026. In her resignation letter dated May 30, 2026, she cited the extensive scope and complexity of the secretarial audit assignment, differences in professional approach concerning the engagement, and existing professional commitments as reasons for her inability to devote the requisite time and resources to carry out the audit to the desired professional standards. She confirmed there was no other material reason for her resignation beyond those stated.

The key details of the resignation, as disclosed under Regulation 30, are summarised below:

Appointment of New Secretarial Auditor

Following the resignation, the Board appointed M/s Ketan Vyas & Company, Company Secretaries (Peer Review No.: 6867/2025), as the Secretarial Auditor of the Company for the financial year 2025-26. The firm is based in Indore, Madhya Pradesh, and is a Peer Reviewed Firm registered with the Institute of Company Secretaries of India (ICSI), certified under its Peer Review Guidelines and authorised to carry out regulatory and compliance-related assignments, including Secretarial Audits for listed companies.

The key details of the appointment are as follows:

Profile of the Newly Appointed Firm

Ketan Vyas & Co. is a professionally managed firm of Company Secretaries specialising in a range of corporate and regulatory services. The firm's areas of expertise include:

• Corporate Compliance and Secretarial Audits
• Regulatory Approvals and SEBI & Listing Compliances
• Start-up Advisory
• Trademark and DSC Services

The firm is led by Mr. Ketan Vyas, a Fellow Member of ICSI, who holds qualifications including B.Com., LL.B., and a Certified Independent Director certification from the Indian Institute of Corporate Affairs (IICA). With 8+ years of experience, he specialises in secretarial practice, legal compliance, SEBI listing regulations, IPR protection, and corporate governance.

Board Meeting Details

The Board of Directors meeting was held on Saturday, May 30, 2026, commencing at 04:40 p.m. and concluding at 05:00 p.m. The communication was signed by Pravin Kumar Brijendra Kumar Agarwal, Managing Director and Chairman (DIN: 00845482), on behalf of Garuda Construction & Engineering Limited. The disclosures were filed 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.