Msafe Equipments Limited has designated Malvinder Singh Bhatia, currently serving as Business Head for the Formwork Division, as Senior Management Personnel (SMP) of the company. The appointment is effective from September 22, 2026.

The Board of Directors approved this designation based on the recommendation of the Nomination and Remuneration Committee (NRC). The decision was formalized through a resolution passed by circulation on the same date. This move aligns with the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Profile and professional background

Malvinder Singh Bhatia brings over 17 years of experience in regional sales management, business development, and key account management. His expertise spans the construction, formwork, infrastructure, power, industrial, and government sectors. He is known for driving regional growth and developing strategic customer relationships through a solution-oriented approach.

His career includes tenure at leading organizations such as KNest, PERI, Alsina, Hilti, and Schneider Electric. These roles have equipped him with deep industry knowledge and experience in complex project requirements. He holds a B.Tech degree in Electrical Engineering from Thapar University.

Key qualifications and training

• Certified in Solution Selling Skills from Hilti (2013–2014)
• Completed Basic System Formwork Training at PERI Headquarters, Germany
• Trained in Managing P&L by IIM Ahmedabad faculty (2012)
• Proficient in GSA, BYD, and CRM tools

Regulatory compliance details

The intimation regarding the change in Senior Management Personnel was submitted to BSE Limited under Regulation 30 of the SEBI LODR Regulations. The company confirmed that the details required under the SEBI Master Circular dated January 30, 2026, have been disclosed. The information is also available on the company’s investor relations website.

Msafe Equipments Limited shareholders approved revised remuneration for four directors at its seventh annual general meeting on September 10, 2026. The virtual meeting also adopted the audited financial statements for FY26.

The session was conducted via video conferencing in compliance with the Companies Act, 2013 and SEBI Listing Regulations. Chairman Pradeep Aggarwal presided over the proceedings. Company Secretary Renuka Uniyal confirmed the quorum before the meeting began.

Key Resolutions Passed

Shareholders voted on eight resolutions during the session. Ordinary business included adopting audited financial statements for the fiscal year ended March 31, 2026, and ratifying cost auditor remuneration for FY27.

Special resolutions focused on board compensation. Shareholders approved:

• An increase in the overall limit for maximum remuneration payable to all directors.
• Specific remuneration revisions for Pradeep Aggarwal (Chairman & Managing Director), Ajay Kumar Kanoi (Whole-Time Director), Rushil Agarwal (Whole-Time Director), and Rajani Ajay Kanoi (Director).
• Re-appointment of Ajay Kumar Kanoi as a director after retiring by rotation.

Voting Results and Attendance

A total of 19 members attended the meeting via video conferencing: 10 from the promoter group and 9 from the public category. Remote e-voting was available from September 7 to September 9, 2026. The record date for voting was September 3, 2026, with 1,044 shareholders on record.

All eight resolutions were passed with the requisite majority. Promoter shareholders voted in favor of all resolutions. Public non-institutional shareholders voted against the resolution to increase the overall remuneration limit, casting 18,000 votes against it, representing 8.61% of their polled votes. However, strong promoter support ensured the resolution passed with 99.85% of total votes in favor.

The scrutinizer report was issued by Ajai Kumar & Associates on September 11, 2026. No registered speaker shareholders submitted queries during the session.