Sahyadri Industries Limited has announced the resignation of Independent Director Mr. Shrikant Balkrishna Malegaonkar, effective April 6th, 2026. The company informed stock exchanges about this development in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Resignation Details

Mr. Shrikant Balkrishna Malegaonkar (DIN: 07901434) submitted his resignation letter on April 6th, 2026, citing personal reasons and health issues as the primary factors behind his decision. The resignation takes immediate effect from the same date.

Committee Positions Affected

Consequent to his resignation from the Board, Mr. Malegaonkar will cease to hold multiple committee positions within the company. His departure impacts several key governance committees of Sahyadri Industries Limited.

The affected positions include:

• Member of Audit Committee
• Member of Corporate Social Responsibility Committee
• Chairperson of Nomination and Remuneration Committee
• Chairperson of Stakeholder's Relationship Committee

Regulatory Compliance

The company has fulfilled its disclosure obligations by providing comprehensive details as required under Regulation 30 read with Schedule III of SEBI regulations. Mr. Malegaonkar confirmed in his resignation letter that there are no other material reasons for his resignation beyond those mentioned.

Company Secretary Statement

Rajib Kumar Gope, Company Secretary and Compliance Officer (M.No: F8417), signed the regulatory filing on behalf of Sahyadri Industries Limited. The company has requested stock exchanges to take the resignation details on record and has provided all necessary documentation including the original resignation letter as annexures.

The resignation represents a change in the company's board composition, particularly affecting the leadership of key governance committees. The company will need to address the vacant positions to maintain proper board governance structure.

Sahyadri Industries Limited has announced its board's approval for acquiring a 26% equity stake in Emerge Solar One Private Limited (ESOPL), a solar power generation company, for Rs.1.3 crores. The decision was made during a board meeting held on April 4, 2026, which commenced at 4:30 PM and concluded at 4:48 PM.

Acquisition Details

The board approved the acquisition after re-assessing the progress of the project and investment structure. This strategic move aims to enable the company to purchase solar power from ESOPL under the group captive scheme as per the Electricity Act, 2003 and applicable rules.

Target Company Profile

Emerge Solar One Private Limited is a recently incorporated private limited company established on October 8, 2024, specifically for solar power generation business. The company operates from its registered office in Tiruvallur, Ambattur, Tamil Nadu.

Strategic Rationale

The acquisition aligns with Sahyadri Industries' objective to secure solar power supply through the group captive scheme framework. This arrangement will allow the company to access renewable energy directly from ESOPL's solar power generation facilities, potentially reducing energy costs and supporting sustainability initiatives.

Regulatory Compliance

The transaction does not fall within the ambit of related party transactions, and none of the promoters, promoter group, or group companies of Sahyadri Industries have any interest in ESOPL. Additionally, no governmental or regulatory approvals are required for this acquisition, streamlining the completion process.

Transaction Structure

The acquisition involves the purchase of equity shares against cash consideration of Rs.1.3 crores. The company has set a completion timeline of September 30, 2026, providing adequate time for due diligence and transaction closure. This investment represents Sahyadri Industries' entry into the renewable energy sector through strategic partnerships rather than direct operations.