Neo Infracon Limited has announced significant changes to its board composition following a meeting held on March 27, 2026. The company accepted resignations from two independent directors while simultaneously appointing two new directors to strengthen its governance structure, as disclosed under Regulation 30 of SEBI LODR Regulations.

Director Resignations

The board accepted resignations from two Non-Executive Independent Directors effective from close of business hours on March 27, 2026:

Both directors confirmed in their resignation letters that there are no other material reasons for their resignations beyond personal reasons and pre-occupations as stated in their formal resignation communications.

New Director Appointments

The board appointed two new directors as Additional Directors with immediate effect from March 27, 2026:

Both new directors have been confirmed as not being debarred from holding director positions by any SEBI order or other authority, in compliance with regulatory requirements.

Committee Reconstitution

Following the director changes, the board reconstituted various committees effective March 27, 2026:

Audit Committee:

• Mr. Nitesh Milapchand Jain (Chairman) - DIN: 08077578
• Ms. Honey Deepak Jain (Member) - DIN: 11631227
• Mr. Ankush Nareshkumar Mehta (Member) - DIN: 06387976

Nomination & Remuneration Committee:

• Mr. Nitesh Milapchand Jain (Chairman) - DIN: 08077578
• Mr. Rahul Ramesh Kanungo (Member) - DIN: 08117162
• Ms. Honey Deepak Jain (Member) - DIN: 11631227

Stakeholders Relationship Committee:

• Mr. Bhavik Mehta (Chairman) - DIN: 07633644
• Mr. Rahul Ramesh Kanungo (Member) - DIN: 08117162
• Ms. Honey Deepak Jain (Member) - DIN: 11631227

Ms. Honey Deepak Jain has been appointed as a member of all three committees, while Mr. Darshik Dilipkumar Mehta has not been assigned to any committee initially.

Regulatory Compliance

The board meeting commenced at 4:00 p.m. and concluded at 4:30 p.m. on March 27, 2026. All decisions were made in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has filed the necessary disclosures under Regulation 30 of SEBI LODR Regulations with BSE Limited (Scrip Code: 514332). Company Secretary Sonalben Ghanshiyambhai Kanabar signed the regulatory filing as the Compliance Officer.

Darshik D. Mehta, a promoter group member of Neo Infracon Limited , has acquired additional equity shares in the company through open market transactions, as disclosed in a regulatory filing dated March 25, 2026.

Transaction Details

The acquisition involved the purchase of 2,173 equity shares, representing 0.04% of the company's total voting capital. The transaction was completed on March 24, 2026, through open market operations.

Shareholding Pattern Changes

Following the acquisition, Mehta's shareholding in Neo Infracon Limited has increased from his previous position. The transaction reflects a strategic addition to his existing stake in the company.

Company Share Capital

Neo Infracon Limited's equity share capital remained unchanged at 53,06,800 equity shares following this transaction. The company's shares are listed on BSE Limited, where the open market acquisition took place.

Regulatory Compliance

The disclosure was made in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that Mehta belongs to the promoter group of the company and provides comprehensive details of his shareholding pattern before and after the acquisition. No encumbrances, warrants, or convertible securities were involved in this transaction.