Nelcast Limited's Board of Directors, at their meeting held on 18th May 2026, approved key changes to the company's board composition under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decisions encompass the re-appointment of an Independent Director, a retirement by rotation reappointment, and the retirement of a long-serving director.

Re-appointment of Mr. R. Sridharan as Non-Executive Independent Director

The board approved the re-appointment of Mr. R. Sridharan (DIN: 00868787) as Non-Executive Independent Director for a second term of 5 consecutive years, as recommended by the Nomination and Remuneration Committee. His current term expires on 22nd May 2027, and the new term will run from 23rd May 2027 to 22nd May 2032. The re-appointment is not liable to retire by rotation during the said tenure and remains subject to shareholder approval at the ensuing Annual General Meeting.

The following table summarises the key details of Mr. R. Sridharan's re-appointment:

Profile of Mr. R. Sridharan

Mr. R. Sridharan, aged about 75 years, is a graduate from Madras University. He joined State Bank of India (SBI) as a Probationary Officer in 1972 and held a variety of critical and challenging assignments in the bank, both in India and abroad, over a 39-year career. He served as the Managing Director & Group Executive (Associates & Subsidiaries) of SBI, heading the Business Group controlling 6 Subsidiary Banks. He also served as the Managing Director of CCIL and its wholly owned subsidiary Clearcorp Dealing Systems India Limited (Clearcorp), which acts as the central counterparty for secondary market transactions in Government securities, money market, foreign exchange, and derivative transactions in the over-the-counter markets in India. Additionally, he was a whole-time Director of Legal Entity Identifier of India Limited (LEIL), authorised by the Reserve Bank of India to issue Legal Entity Identifiers (LEIs) in India.

Mr. A. Balasubramanian — Retirement by Rotation and Reappointment

Mr. A. Balasubramanian (DIN: 00490921) is due to retire by rotation at the ensuing Annual General Meeting and, being eligible, has offered himself for reappointment as a Director liable to retire by rotation. His reappointment is scheduled to be considered at the Annual General Meeting on 27th July 2026, subject to shareholder approval.

Mr. A. Balasubramanian, aged about 77 years, holds a Bachelor of Science degree and is a Chartered Accountant. He brings approximately 45 years of experience in banking, finance, and management. He worked in Punjab National Bank for about 30 years at various capacities, retiring as Chief General Manager, and earlier worked in Tata Group of Companies for about 4 years.

Retirement of Mr. D. Sesh Reddy

Mr. D. Sesh Reddy (DIN: 00520448), who was due to retire by rotation at the ensuing Annual General Meeting pursuant to Section 152 of the Companies Act, 2013, has expressed his unwillingness to seek reappointment. He will accordingly retire at the conclusion of the ensuing Annual General Meeting. The Board has recorded its profound appreciation for the significant contributions and stewardship provided by Mr. D. Sesh Reddy during his tenure as a member of the Board.

All disclosures have been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The brief profiles of the directors have been enclosed as Annexure A in the regulatory filing.

Nelcast Limited has notified the stock exchanges of its scheduled participation in an analyst and institutional investor meeting, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was submitted on 16 May 2026 and signed by Company Secretary S.K. Sivakumar.

Meeting Details

The company will be attending the analyst and institutional investor meeting organised by M/s. 360 ONE Capital at Mumbai. The key details of the scheduled meeting are outlined below:

Compliance and Disclosure

Nelcast has explicitly stated that no Unpublished Price Sensitive Information will be shared or discussed with investors during the meeting. The company has also noted that the schedule of the meeting is subject to change due to exigencies on the part of the analyst or the company. The aforesaid information will additionally be disclosed on the company's official website at www.nelcast.com .

The intimation has been filed with both BSE Limited and the National Stock Exchange of India Limited, in accordance with applicable listing obligations.