K&R Rail Engineering Limited has announced the resignation of its Chief Financial Officer, Mr. Kulkarni Prahallada Rao, effective March 05, 2026. The resignation follows a serious motor vehicle accident that significantly impacted his ability to perform his duties as a Key Managerial Personnel of the company.

Accident and Medical Condition

Mr. Kulkarni Prahallada Rao met with an accident on January 25, 2026, and was subsequently admitted to Life Plus Hospital. The accident resulted in multiple severe injuries that have affected his professional capacity.

Resignation Details

In his resignation letter dated March 05, 2026, Mr. Rao stated that he was unable to perform his duties due to the accident's impact on his mental cognitive skills and the occurrence of frequent epileptic fits. He submitted his resignation with immediate effect, citing his ongoing treatment and inability to fulfill his responsibilities as CFO.

Regulatory Compliance

The company has fulfilled its regulatory obligations by informing BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was filed on March 14, 2026, and includes all required disclosures as per SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Company's Response

K&R Rail Engineering Limited has placed on record its deep sense of appreciation for the services rendered by Mr. Kulkarni Prahallada Rao and acknowledged his contributions during his tenure as CFO. The company confirmed that Mr. Rao provided written confirmation that there are no material reasons for his resignation other than those mentioned in his resignation letter.

The resignation was signed off by Amit Bansal, Whole Time Director (DIN: 06750775), who handled the regulatory filings and communications with the stock exchange on behalf of the company.

K&R Rail Engineering Limited successfully concluded its Extra Ordinary General Meeting on March 07, 2026, marking a significant corporate governance milestone with the appointment of a new Whole Time Director. The meeting was conducted through video conferencing in compliance with regulatory requirements and demonstrated strong shareholder participation.

Meeting Overview and Participation

The EGM was held on Saturday, March 07, 2026, commencing at 11:00 AM and concluding at 11:22 AM through video conferencing and other audio-visual means. The meeting maintained full compliance with General Circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India.

Board and Leadership Presence

The meeting witnessed comprehensive participation from the company's leadership team. Mrs. Rahmath Unnisa, Chairperson & Independent Director, led the proceedings alongside key executives and board members.

Directors and Key Management Personnel Present:

• Mrs. Rahmath Unnisa - Chairperson & Independent Director
• Mr. Amit Bansal - Whole Time Director
• Mr. Sukesh Kumar Sharma - Executive Director
• Mr. Ilyas Nasir Khan - Additional Director
• Mr. Ashwani Kumar Soni - Non-Executive Independent Director
• Mr. Sanjay Kothapalli - Non-Executive Non-Independent Director
• Mr. Narasimham Mangavally - Company Secretary

Key Resolution and Voting Results

The primary agenda focused on the appointment of Mr. Ilyas Nasir Khan (DIN: 08060920) as Whole Time Director through a special resolution. The voting process demonstrated exceptional shareholder support for the proposed appointment.

E-Voting Process and Compliance

The company implemented a comprehensive e-voting mechanism to ensure maximum shareholder participation. Remote e-voting remained open from 9:00 AM on March 04, 2026, to 5:00 PM on March 06, 2026, followed by insta-poll facility during the meeting.

Ms. Aakanksha Sachin Dubey, Practicing Company Secretary, served as the appointed Scrutinizer to supervise the entire e-voting process. The scrutinizer's report confirmed the validity of all votes cast and the overwhelming approval for the resolution.

Corporate Governance Highlights

The meeting exemplified strong corporate governance practices with total shareholder base of 50455 members on the record date. The appointment of Mr. Ilyas Nasir Khan as Whole Time Director received broad-based support across all shareholder categories, reflecting confidence in the company's leadership decisions.

The successful conclusion of the EGM within the scheduled timeframe, combined with the comprehensive e-voting participation, demonstrates K&R Rail Engineering Limited's commitment to transparent and efficient corporate governance practices.