Paradeep parivahan Limited has announced the appointment of Mr. Abdul Basith Shaikh as Additional Director, effective April 13, 2026. The decision was approved by the company's Board of Directors during their meeting held on April 13, 2026, following a recommendation from the Nomination and Remuneration Committee.

Board Meeting Outcome

The board meeting, which commenced at 12 p.m. and concluded at 4.00 p.m. on April 13, 2026, formally approved the appointment of Mr. Abdul Basith Shaikh (DIN: 11070576) as an Additional Director. The appointment has been made in accordance with the applicable provisions of the Companies Act, 2013, and SEBI Listing Regulations.

Professional Background

Mr. Abdul Basith Shaikh brings a strong academic foundation and extensive industry experience to his new role. He holds a B.Tech degree from the prestigious National Institute of Technology Karnataka and an MBA from Narsee Monjee Institute of Management Studies, Mumbai.

With over a decade of rich and diverse industry experience, Mr. Shaikh has been associated with leading conglomerates including:

• JSW Group
• Welspun Group
• Tata Steel

Before his appointment as Additional Director, Mr. Shaikh was serving as Vice President of the company, where he contributed significantly towards the strategic and operational objectives. He is recognized for his ability to translate complex business challenges into actionable outcomes and scalable opportunities, combining technical acumen with strategic vision.

Regulatory Compliance

The appointment has been made following confirmation that Mr. Shaikh is not debarred from holding the office of Director by virtue of any SEBI order or other regulatory authority. The company has disclosed all required details under Regulation 30 of the SEBI Listing Regulations, including relevant SEBI circulars dated July 13, 2023, and November 11, 2024.

Related Party Disclosure

As per regulatory requirements, the company has disclosed that Mr. Abdul Basith Shaikh is a related party to Managing Director Mr. Khalid Khan (DIN: 06432054), being his daughter's husband.

Future Plans

Mr. Shaikh will continue to serve as an Additional Director on the Board until the upcoming Annual General Meeting. His appointment is expected to be regularized as a whole-time director of the company, subject to approval of shareholders.

Paradeep Parivahan Limited has officially communicated to BSE Limited regarding the non-applicability of certain SEBI compliance requirements due to its SME listing status. The company filed a formal declaration on April 09, 2026, clarifying its exemption from specific regulatory obligations.

Regulatory Exemption Details

The declaration specifically addresses the non-applicability of the Annual Secretarial Compliance Report under Regulation 24A of SEBI (Listing Obligation and Disclosure Requirements) (Amendment) Regulations, 2018. This exemption is granted under Regulation 15(2) of SEBI LODR Regulations 2015, which provides relief to SME-listed entities from various compliance requirements.

Comprehensive Regulatory Relief for SME Entities

According to the company's declaration, SME-listed entities are exempt from compliance with multiple SEBI regulations. The exempted regulations include:

• Regulations 17, 17A, 18, 19, 20, 21, 22, 24, 24A, 25, 26, 26A, and 27
• Clauses (b) to (i) and (t) of sub-regulation (2) of Regulation 46
• Para C, D and E of Schedule V of SEBI LODR Regulations 2015

Company Communication

The formal communication was addressed to BSE Limited at P.J. Towers, Dalal Street, Fort, Mumbai, referencing the company's scrip code 544383. Managing Director Khalid Khan signed the declaration digitally on April 09, 2026, at 18:17:25 +05'30', with his Director Identification Number listed as 06432054.

The company has requested BSE Limited to take this declaration on record, ensuring proper documentation of its compliance status as an SME-listed entity.