Lotus Chocolate Appoints Rafathullah as Non-Executive Director

Lotus Chocolate Company Limited has announced the successful conclusion of its postal ballot process, with shareholders approving the appointment of Mr. Mohammed Rafathullah as a Non-Executive Director. The resolution was passed with more than the requisite majority on May 22, 2026, the last date of remote e-voting. The results were disclosed to BSE Limited in compliance with Regulation 44(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Overview

The Company issued a Postal Ballot Notice dated April 21, 2026, to seek member approval for the appointment. The e-voting facility was provided by KFin Technologies Limited, the Company's authorized Registrar and Share Transfer Agent. The notice was dispatched electronically to shareholders whose email addresses were registered with the Company, KFinTech, or the depositories as on the cut-off date of April 17, 2026.

Parameter	Details
Postal Ballot Notice Date	April 21, 2026
Cut-Off Date	April 17, 2026
E-Voting Start	April 23, 2026 (9:00 a.m. IST)
E-Voting End	May 22, 2026 (5:00 p.m. IST)
Total Shareholders	22,983

Voting Results

The sole resolution concerned the appointment of Mr. Mohammed Rafathullah (DIN: 06744446). Promoters and the Promoter Group were not interested in the resolution. A total of 98,82,745 votes were polled, representing 76.96% of the total outstanding shares.

Category	Votes Polled	% Votes Polled	Votes in Favour	Votes Against	% in Favour
Promoter & Promoter Group	92,54,150	100.00	92,54,150	0	100.00
Public Institutions	0	0.00	0	0	0.00
Public – Non-Institutions	6,28,595	17.56	5,97,435	31,160	95.04
Total	98,82,745	76.96	98,51,585	31,160	99.68

There were zero invalid votes across all categories. The resolution was passed with a requisite majority of 99.68% votes in favour.

Scrutinizer's Findings

Anil Lohia, Practicing Chartered Accountant and Partner at Dayal and Lohia, Chartered Accountants, was appointed as Scrutinizer. Based on reports generated by KFinTech, the Scrutinizer confirmed the outcome. The votes cast were unblocked on May 22, 2026, witnessed by Mr. Sunil Khandelwal and Mr. Neel Khandelwal. The electronic data and records will be handed over to Mr. Utsav Saini, Company Secretary and Compliance Officer, for safe keeping.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.54%	-6.08%	-10.43%	-25.45%	-33.72%	+2,858.24%

Lotus Chocolate Company Limited has announced the resignation of Mr. S Gautham from his role as Chief Financial Officer and Key Managerial Personnel of the company, effective close of business hours on May 13, 2026. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

CFO Resignation Details

Mr. S Gautham submitted his resignation letter to the Board of Directors on May 01, 2026, formally tendering his exit from the position of CFO and KMP. The company reviewed and accepted the resignation, relieving him from his duties effective May 13, 2026. The following table summarises the key details of the development:

Parameter:	Details
Name:	S Gautham
Designation:	Chief Financial Officer (Key Managerial Personnel)
Date of Resignation Submission:	May 01, 2026
Effective Date of Relieving:	Close of business hours, May 13, 2026
Reason:	Personal career considerations; intent to explore opportunities outside the company
Disclosure Regulation:	Regulation 30, SEBI (LODR) Regulations, 2015

Reason for Departure

In his resignation letter addressed to the Board of Directors, Mr. Gautham stated that his decision was based on personal career considerations, including his intention to explore opportunities outside the company. He also conveyed his gratitude to the Board of Directors and the management for their support and cooperation extended during his tenure as Chief Financial Officer.

Regulatory Disclosure

The intimation was filed by Utsav Saini, Company Secretary and Compliance Officer of Lotus Chocolate Company Limited, on May 13, 2026. The filing was addressed to BSE Limited and included a copy of the resignation letter submitted by Mr. S Gautham as an enclosure. The company is headquartered at Pranava One, 6th Floor, 6-5-654, Punjagutta Road, Raj Bhavan Quarters Colony, Somajiguda, Hyderabad, Telangana – 500082.