Octaware Technologies Limited has announced significant changes in its key managerial personnel following a Board of Directors meeting held on April 1, 2026. The board approved both the resignation of the existing Company Secretary and the appointment of a new officer to maintain continuity in governance and compliance functions.

Board Meeting Proceedings

The Board of Directors convened at the company's registered office located at 204 Timmy Arcade Makwana Road, Marol off Kurla Andheri Road, Mumbai - 400072, on April 1, 2026. The meeting commenced at 11:00 AM and concluded at 12:30 PM, during which the directors transacted crucial business regarding key managerial personnel changes.

Company Secretary Resignation

The board considered and approved the resignation of Mr. Muqeem Habeeb Shaikh from his position as Company Secretary & Compliance Officer, effective March 31, 2026. Mr. Shaikh, who holds ICSI membership number A73657, tendered his resignation through a letter dated March 30, 2026, citing personal reasons for his departure.

New Appointment Approved

Simultaneously, the board appointed Ms. Shruti Aggarwal as the new Company Secretary & Compliance Officer, designated as Key Managerial Personnel, effective April 1, 2026. Ms. Aggarwal brings substantial experience in corporate compliance and governance to her new role.

Professional Qualifications

Ms. Shruti Aggarwal is an Associate Member of the Institute of Company Secretaries of India (ICSI) with membership number A40909. She possesses extensive experience in heading compliance functions under the Companies Act, 2013, Listing Regulations, and other relevant laws pertaining to the corporate sector. Her expertise encompasses various aspects of corporate governance and regulatory compliance.

Regulatory Compliance and Authorization

The appointments have been made in strict compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company has submitted comprehensive disclosures to BSE Limited, where its scrip is listed under code 540416 with ISIN number INE208U01019. Executive Director Pradeep Lavania (DIN: 03556845) has been authorized to execute all necessary formalities with the Registrar of Companies to give effect to these appointments.

Octaware Technologies Limited has announced the resignation of two directors from its board, effective from the close of business hours on January 30, 2026. The company informed BSE Limited about these leadership changes in compliance with regulatory requirements under SEBI (LODR) Regulations, 2015.

Director Resignations Details

The company reported two simultaneous resignations from its board of directors:

Both directors confirmed in their resignation letters that there are no other material reasons for their departure beyond the personal circumstances mentioned.

Regulatory Compliance

Octaware Technologies Limited fulfilled its disclosure obligations pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive documentation to BSE Limited, including:

• Formal intimation letter signed by Company Secretary & Compliance Officer Muqeem Habeeb Shaikh
• Detailed annexure containing required information as per SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015
• Original resignation letters from both departing directors

Transition Arrangements

In their resignation letters, both directors expressed commitment to ensuring a smooth transition period. They acknowledged the support received from the board, management team, and stakeholders during their tenure with the company. Both directors indicated their availability to assist the company during the transition period as required and extended wishes for continued growth and success for Octaware Technologies Limited.

Corporate Governance Impact

The simultaneous departure of two directors represents a significant change in the company's board composition. The resignations were processed through proper corporate governance channels, with both directors submitting formal resignation letters to the Board of Directors at the company's Mumbai headquarters located at 204 Timmy Arcade Makwana Road, Marol Off Kurla Andheri Road.

The company has requested BSE to take this information on record and disseminate it for stakeholder awareness, ensuring transparency in corporate governance practices.