Lotus Chocolate Company Limited has informed the stock exchange of the resignation of Mr. Kaushik Desai, Assistant General Manager-HR, classified as a Senior Management Personnel, effective close of business hours on May 08, 2026. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Resignation

The following table summarises the key details pertaining to this personnel change:

Background and Disclosure

Mr. Kaushik Desai had submitted his resignation letter on March 09, 2026, addressed to Mr. Natarajan Venkataraman, Whole Time Director of Lotus Chocolate Company Limited. In his resignation letter, Mr. Desai requested to be relieved from his duties effective the closing business hours of May 08, 2026, citing his intent to move forward with a new opportunity outside the organisation. He also acknowledged the support and opportunities provided to him during his tenure with the company.

The company accepted his resignation and formally relieved him from service with effect from the close of business hours on May 08, 2026. The disclosure to BSE Limited was made by Utsav Saini, Company Secretary and Compliance Officer, on behalf of Lotus Chocolate Company Limited, along with an enclosure of the resignation letter submitted by Mr. Kaushik Desai.

Lotus Chocolate Company Limited has responded to a surveillance inquiry from the BSE regarding recent price movements in its stock, confirming full compliance with regulatory disclosure requirements.

BSE Surveillance Response

The company submitted its clarification on April 15, 2026, addressing the BSE surveillance department's query dated April 09, 2026. The response was filed under reference number L/SURV/ONL/PV/APJ/2026-2027/3598.

Compliance Confirmation

Lotus Chocolate Company Limited provided two key confirmations in its response to the surveillance query:

• The company has made all disclosures required under Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
• No material information that should have been disclosed under SEBI LODR regulations has been withheld by the company

Regulatory Commitment

The company emphasized its awareness of obligations under SEBI LODR regulations and committed to making future disclosures in compliance with these regulations. Company Secretary and Compliance Officer Utsav Saini digitally signed the response document, demonstrating the company's formal commitment to regulatory transparency.

The clarification follows standard market surveillance procedures where exchanges seek explanations from listed companies regarding unusual price movements to ensure market integrity and investor protection.