Graphite India Director Resigns Effective May 22

Graphite India Limited has announced the resignation of Mr. Debanjan Mandal from the position of Independent Director on its board. The resignation is effective immediately from May 22, 2026. The company disclosed this development to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Debanjan Mandal cited extensive travel and professional and other preoccupations as the reasons for his decision to step down. Consequently, he has ceased to be a member of the Audit Committee and the Committee of Directors of the company. In his resignation letter, he confirmed that there are no other material reasons for his departure aside from the stated professional commitments.

The board has accepted the resignation, and the Company Secretary will undertake the necessary procedural steps to file the appropriate forms. Mr. Mandal holds directorships in other listed entities, including Spencer's Retail Limited, Titagarh Rail Systems Limited, and CESC Ltd, where he also serves on various committees.

Details of the Resignation

The following table outlines the key particulars regarding the change in the directorship:

S. No.	Particulars	Details
1.	Name of Director	Mr. Debanjan Mandal
2.	Reason for change	Resignation due to extensive travel and professional and other preoccupations.
3.	Date of cessation	May 22, 2026
4.	Committee positions vacated	Audit Committee and Committee of Directors

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.21%	-9.93%	-11.89%	+19.03%	+17.17%	-12.83%

Graphite India Limited has acquired additional shares in GrafTech International Ltd., a NYSE-listed company engaged in the manufacturing of graphite electrodes, through secondary market transactions. The acquisition was executed under the Overseas Portfolio Investment (OPI) scheme of Foreign Exchange Management (Overseas Investment) Rules, 2022, and was disclosed to stock exchanges on May 11, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also filed the required information with the United States Securities and Exchange Commission under the Securities Exchange Act of 1934.

Acquisition Details

The latest investment was made entirely through cash consideration via secondary market transactions, with no governmental or regulatory approvals required. The key parameters of the acquisition are summarised below:

Parameter:	Details
Target Entity:	GrafTech International Ltd. (NYSE Listed)
Industry:	Manufacturing of Graphite Electrodes
Market Cap of Target:	241.98 Million USD
Mode of Acquisition:	Secondary Market / OPI Scheme
Consideration Type:	Cash
Amount Invested (This Acquisition):	INR 62.25 Crores
Cumulative Investment in GrafTech:	INR 230.38 Crores
Stake Before Acquisition:	6.82%
Stake After Acquisition:	9.79%
Related Party Transaction:	No

The acquisition is stated to be for investment purposes. The transaction does not constitute a related party transaction, and neither the promoter nor the promoter group nor any group companies have any interest in GrafTech International Ltd.

About GrafTech International Ltd.

GrafTech International Ltd. is a leading manufacturer of high-quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. The company maintains a competitive portfolio of low-cost, ultra-high power graphite electrode manufacturing facilities, with some of the highest capacity facilities in the world. GrafTech is substantially vertically integrated into petroleum needle coke, a key raw material for graphite electrode manufacturing.

The last three years of GrafTech's turnover are as follows:

Financial Year:	Turnover (USD in thousand)
FY ended December 31, 2025:	504,134
FY ended December 31, 2024:	538,782
FY ended December 31, 2023:	620,500

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular no. SEBI/HO/CFD/PoD2/P/CIR/P/0155 dated November 11, 2024. The filing was signed by S. Marda, Company Secretary (ACS - 14360), on behalf of Graphite India Limited.