Mystic Electronics has scheduled its 15th annual general meeting for September 29, 2026. The board approved the FY26 annual report and recommended appointing Nikhil Kumar Rungta as an independent director.

The board meeting on August 26, 2026, concluded at 2:50 pm. The company disclosed details regarding the book closure and e-voting process in a separate communication dated August 27, 2026.

Key Board Resolutions

The board approved several key items during the session:

• Adoption of the secretarial audit report issued by Ritika Agrawal & Associates for FY26.
• Approval of the directors’ report along with annexures forming part of the annual report for the financial year ended March 31, 2026.
• Appointment of Arvind Dhanraj Baid as the scrutinizer for the e-voting process.

Director Appointment Details

Based on the recommendation of the Nomination and Remuneration Committee, the board proposed the appointment of Nikhil Kumar Rungta (DIN: 08789354) as a non-executive, independent director. His term is set for five consecutive years, effective from September 29, 2026, to September 28, 2031.

Rungta holds a BLS LLB qualification and possesses over 13 years of experience in corporate laws, indirect taxes, general commercial litigation, and arbitration. He previously worked with TLC law firm and currently practices as a lawyer in the Bombay High Court specializing in indirect taxes. He has no inter-se relationship with any existing director or key managerial personnel of the company.

AGM Logistics and E-Voting

The 15th AGM will be conducted through video conferencing or other audio-visual means (VC/OAVM) at 11:00 am from the registered office. Shareholders will be able to participate remotely.

The Register of Members and Share Transfer Books will remain closed from September 23, 2026, to September 29, 2026, for the purpose of the AGM. The cut-off date for ascertaining shareholders entitled to vote is September 22, 2026.

Remote e-voting will be open from September 26, 2026, at 9:00 am to September 28, 2026, at 5:00 pm. Mr. Arvind Dhanraj Baid, Chartered Accountant (Membership No. 155532), has been appointed as the scrutinizer to conduct the voting process in a fair and transparent manner.

Mystic Electronics has informed the BSE that Manaklal Agrawal will cease to be an Independent Director of the company with effect from the close of business hours on July 30, 2026. The cessation is strictly due to the completion of his tenure and is not attributable to any other reason. This routine governance update ensures compliance with regulatory timelines for director tenures.

The intimation was filed pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also references SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Mohit Khadaria, Managing Director of Mystic Electronics Limited, signed the communication submitted to the Department of Corporate Services at BSE Limited on July 30, 2026.

Upon the conclusion of his term, Mr. Agrawal will also cease to be the Chairman or Member of the respective Committees of the Board. The Board of Directors approved the revised composition of these committees at a meeting held on July 29, 2026. These revised structures become effective from the close of business hours on July 30, 2026, ensuring continuous oversight without interruption.

The company expressed its sincere gratitude and appreciation to Mr. Agrawal for his valuable contribution and guidance during his tenure as an Independent Director. This acknowledgment highlights the professional nature of the transition and recognizes his service to the organization.

Governance Implications

The exit of an Independent Director triggers a mandatory review of committee memberships to maintain quorum and independence requirements. Mystic Electronics Limited has already addressed this by approving new committee compositions the day prior to the cessation date. Investors should note that no additional financial or operational impact is associated with this change, as it is a standard procedural event linked to term limits.