Krishna Defence & Allied Industries Limited has notified the National Stock Exchange of India regarding the retirement of Mr. Ravindranath Maroli, General Manager - Head Operations for the Dairy Division, who held the position of Senior Management Personnel at the company. The disclosure was made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as well as SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Mr. Maroli has ceased to be a Senior Management Personnel with effect from the close of business hours of May 13, 2026.

Retirement Details

The following details have been disclosed by the company in accordance with the applicable regulatory requirements:

Regulatory Compliance

The intimation was submitted by Ankur Ashwin Shah, Managing Director (DIN: 01166537), on behalf of Krishna Defence and Allied Industries Limited. The filing fulfils the company's disclosure obligations under the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring transparency with respect to changes in Senior Management Personnel.

Krishna Defence & Allied Industries Limited (KDAIL) has completed the acquisition of a 46.81% stake in Taharabadkar Solutions Pvt Ltd (TSPL), a defence-focused startup incorporated on 11th March 2025. The acquisition was completed on 12th May 2026, as disclosed by the company to the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As part of the transaction, KDAIL executed a Shareholders Agreement with TSPL and its Founder, formalising the terms and conditions of the acquisition.

Acquisition Details

The transaction involved KDAIL subscribing to 8,800 equity shares of TSPL at Rs. 4546 each, at a premium of Rs. 4536 per share, based on a valuation report. The consideration was paid entirely in cash. Upon completion, KDAIL holds 46.81% of the paid-up share capital of TSPL. The key parameters of the acquisition are summarised below:

Shareholders Agreement and Governance Rights

As part of the acquisition, KDAIL executed a Shareholders Agreement with TSPL and its Founder, which grants KDAIL significant governance and protective rights in the company. Under the agreement, KDAIL is entitled to appoint one director on the Board of TSPL, ensuring direct board-level representation. Additionally, KDAIL has been granted Right of First Refusal (ROFR) and Drag Along rights, providing it with preferential rights in any future share transactions. The agreement also defines KDAIL's rights with respect to any potential changes in TSPL's capital structure.

About Taharabadkar Solutions Pvt Ltd

TSPL is engaged in the design, development, and manufacture of smart weapons, guided ammunition, and ammunition systems, placing it squarely within India's defence industry. The company was incorporated on 11th March 2025 and is based in India. As a newly incorporated startup, TSPL does not have a turnover history to report. The financial profile of TSPL at the time of acquisition is outlined below:

Strategic Rationale

KDAIL has stated that the primary objective of this acquisition is collaboration and co-development in the areas of smart weapons, ammunition, and ammunition systems. The acquisition aligns with KDAIL's core business in the defence sector, making it a strategic extension of its existing operations rather than a diversification into an unrelated domain. The company has confirmed that the acquisition does not fall within the purview of related party transactions, and that neither the promoter, promoter group, nor group companies of KDAIL hold any interest in TSPL. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI LODR Regulations, 2015, and in accordance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026. The intimation was signed by Ankur Ashwin Shah, Managing Director of Krishna Defence and Allied Industries Limited.