Raasi Refractories Limited has announced the appointment of Mr. Mahesh Vaddepalli as Chief Financial Officer and Key Managerial Personnel, effective 24th April 2026. The appointment was approved by the Board of Directors in their meeting held on 24th April 2026, following recommendations from the Nomination and Remuneration Committee and Audit Committee.

Appointment Details

The company has informed the BSE Limited about this key managerial personnel change in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment represents a strategic addition to the company's leadership team as it continues to strengthen its financial management capabilities.

Professional Background

Mr. Mahesh Vaddepalli brings substantial expertise as a result-oriented finance professional with a robust background in taxation, auditing, and corporate compliance. His experience includes practical work at KBR & Associates as an Assistant, where he developed a deep understanding of fiscal regulations and their impact on business profitability.

The new CFO possesses proven expertise in several key areas:

• Tax Strategy & Compliance: Comprehensive understanding of fiscal regulations
• Financial Reporting & MIS: Strategic financial management and reporting systems
• Cash Flow & Liquidity Management: Optimizing financial resources and cash flows
• Audit & Internal Controls: Maintaining financial integrity and compliance frameworks

Educational Qualifications

Mr. Vaddepalli holds a Bachelor's degree in Commerce (B.Com), providing him with a comprehensive academic foundation in Financial Accounting, Business Law, and Economics. This educational background complements his practical experience in the finance sector.

Strategic Impact

As a strategic thinker dedicated to maintaining financial integrity, Mr. Vaddepalli is expected to serve as a key advisor to executive leadership on sustainable growth initiatives. His appointment aligns with the company's focus on strengthening its financial management capabilities and ensuring robust corporate governance practices.

The appointment reflects Raasi Refractories Limited's commitment to enhancing its leadership team with experienced professionals who can contribute to the company's continued growth and operational excellence in the refractories sector.

Raasi Refractories Limited has submitted its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 to BSE Limited. The certificate pertains to the quarter ended 31st March, 2026 and confirms the company's compliance with dematerialization procedures.

Regulatory Compliance Certificate

The certificate was submitted under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. Managing Director Venkanna Konda digitally signed and submitted the document on 14th April, 2026 to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai.

RTA Confirmation

The compliance certificate was issued by Aarthi Consultants Private Limited, the company's Registrar and Transfer Agent (RTA). The RTA confirmed compliance with the following actions within 15 days of receipt of certificates from depository participants:

• Ensured dematerialized securities are listed on stock exchanges where earlier issued securities are listed
• Mutilated and cancelled certificates forwarded by participants
• Substituted the depository name as registered owner in records

About the RTA

Aarthi Consultants Private Limited operates as a Category I Registrar and Share Transfer Agent with SEBI Registration Number INR000000379. The compliance certificate was signed by Jagan Mohan Gobburi, Compliance Officer, and dated 03/04/2026.

This submission reflects Raasi Refractories Limited's commitment to maintaining regulatory compliance in its securities dematerialization processes during the specified quarter period.