NTC Industries Limited has announced the appointment of Mr. Vivek Soni as its Chief Financial Officer (CFO) with effect from 07.05.2026. The Board of Directors approved the appointment at its meeting held on Thursday, 07.05.2026, acting on the recommendation of the Nomination and Remuneration Committee. The appointment has been made pursuant to Section 203 of the Companies Act, 2013, read with the relevant Rules, and disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Reason for Change in CFO

The appointment of Mr. Vivek Soni follows the resignation of the erstwhile Chief Financial Officer of the company, Mr. Avijit Maity, effective 07.05.2026. The key details of the leadership transition are outlined below:

Profile of Mr. Vivek Soni

Mr. Vivek Soni, son of Mr. Gouri Shankar Soni, was born on 05th May 1992. He is a graduate of Calcutta University. Prior to his elevation as CFO, Mr. Soni served as Accounts Manager at NTC Industries Limited, accumulating 8 years of experience in the tobacco manufacturing industry.

In his role as Accounts Manager, Mr. Soni demonstrated proficiency across several operational and strategic functions:

• Client Handling: Developed a keen understanding of client needs, contributing to the company's reputation for service excellence
• Logistics Operations: Oversaw and optimized logistics functions within the organization
• Cross-Border Transactions: Managed international transactions, enhancing the company's competitiveness in global markets
• Product Development: Led and drove product development initiatives

His strategic leadership has been associated with fostering client relationships, optimizing supply chain efficiency, expanding global reach, and introducing new products within the tobacco manufacturing segment.

Regulatory Compliance

The disclosure has been made in compliance with Regulation 30 of the SEBI Listing Regulations, read with SEBI circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015. The intimation was submitted to BSE Limited and The Calcutta Stock Exchange Ltd. The filing was signed by Ms. Tanya Bansal, Company Secretary and Compliance Officer of NTC Industries Limited.

NTC Industries Limited successfully conducted its Extra-Ordinary General Meeting (EGM) on 30 April 2026 through video conferencing and other audio visual means. The meeting commenced at 11:30 a.m. and concluded at 12:03 p.m., held in compliance with the Companies Act, 2013, various Ministry of Corporate Affairs circulars, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Structure and Participation

The EGM was chaired by Mr. Avijit Maity, Executive Director, with Ms. Tanya Bansal serving as Company Secretary & Compliance Officer. Ms. Prachi Todi, Practicing Company Secretary (ACS No. 53022, CP No. 22964), was appointed as the scrutinizer for the voting process. All five directors participated through video conferencing, ensuring proper governance oversight.

Voting Process and Timeline

The company provided remote e-voting facilities from 27 April 2026 at 9:00 a.m. IST to 29 April 2026 at 5:00 p.m. IST. Members holding shares as on the cut-off date of 23 April 2026 were entitled to vote. Electronic voting facilities were also provided during the meeting by National Securities Depository Limited for members who had not cast their votes through remote e-voting.

Resolution Results

All four special business resolutions were passed with overwhelming shareholder approval. The consolidated scrutinizer report confirmed unanimous success across all agenda items.

Special Business Items Approved

The EGM addressed four critical business matters, primarily focusing on material related party transactions and regulatory authorizations.

Regulatory Compliance and Documentation

The proceedings and voting results have been communicated to BSE Limited (Scrip Code: 526723) and The Calcutta Stock Exchange Ltd. (Scrip Code: 28044) as required under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer's report confirmed that no invalid votes were recorded during the entire voting process, and all resolutions were passed with the requisite majority. The company has also made the results available on its website at www.ntcind.com for stakeholder transparency.