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.

Melstar Information Technologies Limited has fulfilled its regulatory compliance obligations by submitting the mandatory confirmation certificate under SEBI (Depositories and Participants) Regulations, 2018 for the fourth quarter of Financial Year 2025-26.

Regulatory Compliance Details

The confirmation certificate pertains to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate was prepared and issued by Bigshare Services Private Limited, which serves as the company's registrar and share transfer agent.

Certificate Confirmation

Bigshare Services Private Limited confirmed that all securities received from depository participants for dematerialization up to March 31, 2026 were properly processed and confirmed to the depositories. The registrar verified that:

• Securities received for dematerialization were accepted or rejected as appropriate
• All securities comprised in the certificates have been listed on the stock exchange where earlier issued securities are listed
• Security certificates received for dematerialization have been mutilated and cancelled after due verification
• Names of depositories have been substituted in the register of members as registered owners within 15 days of receipt

Regulatory Framework

The certificate submission follows SEBI guidelines referenced in multiple circulars, including NSDL/CIR/II/5/2019 dated January 25, 2019, DSL/OPS/RTA/POLICY/2019/14 dated January 25, 2019, and SEBI letter reference MRD/DOP2/DSA2/OW/2019/2498/1 dated January 24, 2019. These regulations ensure proper handling and processing of securities in dematerialized form.

Stock Exchange Communication

The certificate was formally communicated to both major Indian stock exchanges where Melstar Information Technologies Limited is listed. Managing Director Vineet Goverdhan Shah signed the communication letters addressed to BSE Limited and National Stock Exchange of India Limited, ensuring compliance with disclosure requirements on both trading platforms.