Safa Systems & Technologies Limited has appointed Mr. Anupabraham Thaliyaparambil Joseph as an Additional Director in the category of Non-Executive Independent Director. The Board approved the move during its meeting on September 15, 2026, at the company’s registered office in Ernakulam, Kerala. The appointment remains subject to approval by the company’s members.

The Board also filed an application with the Registrar of Companies for the allotment of a Director Identification Number (DIN) to Mr. Joseph. This procedural step supports his proposed appointment as a director of the company.

Appointment Details

Mr. Joseph brings over a decade of entrepreneurial and managerial experience across the travel, electronics, retail, and service sectors. He holds a Bachelor of Commerce degree from Mahatma Gandhi University, Kerala. His professional expertise covers business management, operations, sales and distribution, customer relations, administration, after-sales services, and business development.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 12:15 pm and concluded at 3:15 pm. Faizal Bavaraparambil Abdul Khader, Managing Director, signed the communication.

Shareholders of Safa Systems & Technologies approved all 14 resolutions at the company’s fifth annual general meeting held on September 11, 2026. The meeting concluded at 3:45 pm, with 13 members attending via video conferencing.

The voting process was conducted via remote e-voting. Scrutinizer Amit Saxena & Associates confirmed that all resolutions passed with the requisite majority. The cut-off date for voting rights was September 4, 2026.

Key Resolutions Approved

The most significant special resolution authorized the company to borrow funds not exceeding ₹500 crore under Section 180(1)(c) of the Companies Act, 2013. Shareholders also approved increasing limits for creating charges on company assets.

Other major approvals included:

• Shifting the registered office from Kerala to the National Capital Territory of Delhi.
• Issuance of equity shares on a preferential basis.
• Reappointment of independent directors Sreejith Sankaranarayanan Nair and Anilkumar Bengolan.
• Reappointment of Mr. Bavaramparambil Abdhulkadher Hydrose as a director liable to retire by rotation.

Management Remuneration Changes

The AGM addressed several matters related to executive compensation. Shareholders approved waivers for the recovery of excess managerial remuneration paid to Managing Director Faizal Bavaraparambil Abdul Khader and Non-Executive Director Sruthi Muhammed Ali for the period from April 1, 2024, to March 31, 2026.

Additionally, the board secured approval for:

• Payment of managerial remuneration in excess of Section 197 limits for any financial year.
• Specific increases in remuneration for both Faizal Bavaraparambil Abdul Khader and Sruthi Muhammed Ali.

Voting Participation

A total of 251 shareholders were on record as of the cut-off date. Voting participation varied significantly across resolutions:

Promoter group participation ranged from 10.66% for the preferential issue resolution to 93.35% for financial statement adoption. Public non-institutional shareholder participation remained consistent at 36.69% of their holdings across most resolutions.