Melstar Information Technologies Limited has informed the stock exchanges of a change in the composition of its Board of Directors, following the resignation of Mr. Subhash Chandra Varshney as Non-Executive and Independent Director. The resignation takes effect from May 07, 2026, and has been disclosed in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Composition Change

Mr. Subhash Chandra Varshney (DIN: 08657452) tendered his resignation citing preoccupation with other professional commitments and responsibilities. The disclosure was made by Vineet Goverdhan Shah, Managing Director (DIN: 01761772), on behalf of the company. The following table summarises the key details of the board change as disclosed:

Committee Memberships Relinquished

Upon resignation, Mr. Varshney also stepped down from all committee memberships and positions held within the company. The committees from which he relinquished membership include:

• Stakeholders Relationship Committee
• Audit Committee
• Nomination and Remuneration Committee
• Any other committee(s) and position(s) held in any capacity

Confirmation of No Other Material Reasons

In his resignation letter addressed to the Board of Directors, Mr. Varshney categorically confirmed that his resignation was tendered solely on account of his professional commitments. He expressly stated that there are no other material reasons, circumstances, or factors of any nature, whether direct or indirect, that influenced or contributed to his decision. The company also confirmed, as required under the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026, that no other material reasons exist beyond those provided in the resignation letter.

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 of the SEBI Listing Regulations, along with the applicable SEBI Master Circular. The resignation letter, along with detailed reasons, has been enclosed as Annexure II to the regulatory filing, and the requisite disclosures under Annexure I have been provided to BSE Limited and the National Stock Exchange of India Ltd. The company has requested both exchanges to take the information on record.

Melstar Information Technologies Limited has announced a change in its board composition following the resignation of an Independent Director. The company informed the stock exchanges about this development in compliance with regulatory requirements.

Director Resignation Details

Ms. Alyzaa Merchant (DIN: 07164228) tendered her resignation as Non-Executive and Independent Director of Melstar Information Technologies Limited, effective April 22, 2026. The resignation was attributed to her preoccupation with other professional commitments and responsibilities.

Committee Memberships Impact

As a consequence of her resignation from the board, Ms. Merchant also stepped down from her memberships in key board committees. Her resignation letter specifically mentioned stepping down from the Audit Committee and Nomination and Remuneration Committee, along with any other committee positions held within the company.

Regulatory Compliance and Confirmations

The company has made the necessary disclosures in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement included detailed annexures providing comprehensive information about the resignation as required under SEBI regulations.

In her resignation letter, Ms. Merchant categorically confirmed that her decision was based solely on the stated reasons. She expressly affirmed that no other material reasons, circumstances, or factors influenced her decision to resign from the Independent Director position.

Company Communication

The resignation announcement was signed by Vineet Goverdhan Shah, Managing Director (DIN: 01761772), and communicated to both BSE Limited and National Stock Exchange of India Ltd. The company expressed appreciation for Ms. Merchant's contributions during her tenure and acknowledged her professional service to the organization.

Ms. Merchant, in her resignation letter, expressed gratitude to the company, board of directors, and shareholders for the opportunity to serve. She described her association with the company as professionally enriching and wished the organization continued growth and success.