Kriti Industries (India) Limited has announced the re-appointment of Shri Shiv Singh Mehta (DIN: 00023523) as Chairman and Managing Director of the company for a period of 3 years, effective 1st October, 2026. The decision was approved by the Board of Directors at their meeting held on Tuesday, 5th May, 2026. The intimation has been made pursuant to Regulation 30(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Re-appointment Details

The following key details have been disclosed in accordance with SEBI (LODR) Regulations, 2015:

Profile of Shri Shiv Singh Mehta

Shri Shiv Singh Mehta is the founder and Managing Director of the Kriti Group. The Kriti Group of Industries, with an annual turnover of Rs 1500 crore (approx.), comprises Kriti Industries (I) Ltd., Kriti Nutrient Ltd., and Kriti Auto Engineering & Plastics Pvt. Ltd. The group manufactures products under the brand names of 'Kasta' and 'Kriti', which are well known nationally and internationally in their respective spheres. The Kriti Group has a presence in over 17 states of India and is a recognised export house by the Government of India.

Born on 3rd March 1954, Shri Mehta holds a Bachelor of Engineering in Electronics with distinction and an MBA. He has been actively involved in various associations and organisations throughout his career:

• Past Chairman: Indore Management Association, Indore
• Past President: Organisation of Plastic Processors of India (Apex body of Plastic Processors in India)
• Member: Governing Board, Shri Sathya Sai Vidhya Vihar, Indore & Guna
• Past Member: Executive Committee, SOPA (Soybean Oil Processors Association)
• Past President: All India Manufacturers Organisation, MP State Board
• Past President: Jain International Trade Organisation, Indore

Shri Mehta has been conferred various awards by organisations including Rotary International, Jaycee, Management Marshal, and Arya Chanakya Udhyojak Shreshta Puraskar. He has also been awarded the Chhavi Memorial Award for Excellence in Management.

Disclosure of Relationships

As disclosed by the company, none of the directors — except Shri Shiv Singh Mehta, being the appointee, and Smt. Purnima Mehta and Shri Saurabh Singh Mehta, being his relatives — are concerned or interested in the re-appointment.

Kriti Industries has stated that it is in the process of filing the aforesaid appointment in XBRL format within the stipulated time, and the same shall be hosted on the company's website.

Kriti Industries (India) Limited successfully conducted its 1/2025-26 Extraordinary General Meeting on March 20, 2026, passing two crucial special resolutions that will enable the company to enter the power generation business. The meeting was held through video conferencing from 10:30 A.M. to 10:46 A.M., with the company's corporate office in Indore serving as the deemed venue.

Meeting Participation and Governance

The EGM witnessed strong corporate governance with comprehensive participation from the leadership team. The meeting was chaired by Shri Shiv Singh Mehta, Chairman and Managing Director, with attendance from key board members including Smt. Purnima Mehta (Whole Time Director), Shri Saurabh Singh Mehta (Director), and three Independent Directors - Shri Hitendra Mehta, Shri Siddharth Sethi, and Shri Venkat Subramaniam.

The meeting also had representation from statutory and secretarial auditors, with CS Ishan Jain appointed as the scrutinizer for the voting process.

Voting Process and Timeline

The company provided comprehensive e-voting facilities to ensure maximum shareholder participation. Remote e-voting was available from March 17, 2026 (9:00 A.M.) to March 19, 2026 (5:00 P.M.), with additional e-voting facility during the meeting for members who had not participated in remote voting.

Resolution Details and Business Expansion

Both special resolutions focused on enabling the company's entry into the power generation sector. The first resolution altered Clause III(B) of the Memorandum of Association by adding a comprehensive new clause 31A that authorizes the company to engage in power generation activities across multiple energy sources.

The resolution encompasses a wide range of energy technologies including:

• Conventional sources: hydel, thermal, and nuclear power
• Renewable sources: solar energy (rooftop and ground-mounted), wind energy, tidal energy
• Alternative sources: biomass, hydrogen, fuel cell technology
• Petroleum-based energy from refining by-products

The second resolution modified the Articles of Association by inserting new Article 92, which specifically authorizes the Board of Directors to establish, purchase, manage, and operate electricity generation plants and facilities for both captive consumption and commercial sales.

Voting Results and Shareholder Support

Both resolutions received overwhelming shareholder support, demonstrating strong confidence in the company's strategic direction.

The voting breakdown showed strong support across all categories, with the Promoter and Promoter Group contributing 36142487 votes (99.8090% of their holdings) and Public Non-Institutions contributing 114233 votes (0.6930% of their holdings).

Strategic Implications

The approved resolutions position Kriti Industries to capitalize on India's expanding energy sector, particularly in renewable energy. The comprehensive scope of the amendments allows the company to explore various energy generation technologies and business models, from captive power generation for internal use to commercial power sales in the open market.

The company has been authorized to undertake all necessary activities including establishing power substations, workshops, repair facilities, and entering into agreements and memorandums of understanding related to power generation activities. This strategic diversification could open new revenue streams and enhance the company's long-term growth prospects in the evolving energy landscape.