Jay Bharat Maruti Limited has approved the re-appointment of Mr. Madhusudan Prasad as an Independent Director for a second consecutive term of three years, effective from June 01, 2026 to May 31, 2029. The decision, taken by the Board of Directors through a resolution passed by circulation on May 29, 2026, is based on the recommendation of the Nomination and Remuneration Committee. The re-appointment is subject to the approval of the company's shareholders.

Mr. Madhusudan Prasad (DIN: 02665954) is not liable to retire by rotation. He brings extensive experience to the role, having served as a member of the RBI Advisory Board on Banking and Financial Frauds. His career spans over four decades with the Government of India and the Government of Haryana, covering finance, commerce, energy, and urban development.

Director Profile and Experience

Mr. Prasad has held several senior positions within the Indian government, including Deputy Secretary and Joint Secretary in the Department of Economic Affairs, Ministry of Finance. He has also served at the Embassy of India in Washington D.C., specifically in the IMF-World Bank Division. Prior to this appointment, he superannuated as Secretary of the Public Enterprises Selection Board (PESB) in the Ministry of Urban Development, Government of India.

Key Disclosures

The company confirmed that Mr. Prasad is not related to any other directors on the Board. Furthermore, it has been verified that he is not debarred or disqualified from holding the office of Director by any order of the Ministry of Corporate Affairs, Securities and Exchange Board of India, or any other competent authority.

The following table summarizes the details of the re-appointment:

Jay Bharat Maruti Limited announced the demise of its Independent Director, Mr. Dhanendra Kumar, on Thursday, May 28, 2026. His unexpected passing results in the immediate cessation of his role as Director and his positions across all committees of the Board of Directors. The company confirmed that his departure from these roles is effective from the same date.

The disclosure was made to the National Stock Exchange of India Ltd. and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing included references to Para A of Part A of Schedule III, a SEBI circular dated July 13, 2023, and a SEBI Master Circular dated January 30, 2026.

Requisite Disclosure Details

The company provided the specific details regarding the change in directorship as required under the regulations. The following table summarizes the key particulars disclosed:

Management expressed deep sorrow over the loss, noting that Mr. Dhanendra Kumar's demise is an irreparable loss to the company. The Board of Directors and employees extended their sympathy and condolences to his family. The intimation was signed by Shubha Singh, Company Secretary.