Shilchar Technologies has announced the cessation of Mr. Zarksis Jahangir Parabia as Independent Director, effective from the close of business hours on March 13, 2026. The departure follows the completion of his second consecutive five-year term as an Independent Director of the company.

Regulatory Compliance and Filing Details

The company has formally notified both BSE Limited and National Stock Exchange of India Limited about this board change through proper regulatory channels. The intimation was filed pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full compliance with disclosure requirements.

Director Cessation Details

The following table provides comprehensive details about the directorship cessation as required under SEBI regulations:

Regulatory Framework

The cessation aligns with SEBI guidelines that limit the tenure of Independent Directors. Mr. Parabia completed his second term of five consecutive years, which represents the maximum permissible tenure for Independent Directors under current regulations. This ensures adherence to corporate governance norms designed to maintain board independence and effectiveness.

Company Secretary Confirmation

Vishnupriya Civichan, Company Secretary and Compliance Officer, digitally signed the regulatory filing on March 13, 2026. The company has requested stock exchanges to treat this information as compliance under applicable provisions of SEBI Listing Regulations, ensuring transparent communication with stakeholders and regulatory bodies.

Shilchar Technologies Limited has successfully concluded its postal ballot process on March 6, 2026, with shareholders approving all four proposed resolutions through remote e-voting. The company submitted comprehensive voting results and scrutinizer's report to both BSE Limited and National Stock Exchange of India Limited, demonstrating strong corporate governance practices.

Postal Ballot Process Overview

The postal ballot notice was dated February 2, 2026, with the e-voting period extending from February 5, 2026 (9:00 a.m. IST) to March 6, 2026 (5:00 p.m. IST). The company had 45578 total shareholders on the cut-off date of January 30, 2026, eligible to participate in the remote e-voting process.

Director Appointments and Key Details

Following the postal ballot approval, the company has formally appointed two new directors with five-year terms effective March 6, 2026. Both appointments were approved through special resolutions with overwhelming shareholder support exceeding 99.99%.

Aatman Alay Shah - Whole Time Director

Mr. Aatman Alay Shah (DIN: 06886862) has been appointed as Whole Time Director for a term extending from March 6, 2026, to March 5, 2031. He is the son of Mr. Alay J Shah, promoter and Managing Director of the company.

Mr. Shah previously served as Manager-Operations from November 2016 to June 2022, overseeing marketing, production, procurement, and design departments. Since June 2022, he has been serving as Manager-Business Development.

Arvind Nopany - Independent Director

Mr. Arvind Nopany (DIN: 00148521) has been appointed as Non-Executive Independent Director for the same five-year term. He brings extensive experience in project management, market development, and operational efficiency.

Resolution Results Summary

All four resolutions received overwhelming shareholder support, with approval rates exceeding 99.99% across all categories. The voting demonstrated strong confidence from promoters, institutional investors, and public shareholders.

Regulatory Compliance and Governance

The company demonstrated exemplary corporate governance by publishing public advertisements in both English (Business Standard) and regional language (Vadodara Samachar) newspapers on February 5, 2026. Kashyap Shah & Co., Practising Company Secretaries, served as the appointed scrutinizer, confirming compliance with Section 108 & 110 of the Companies Act, 2013.

The voting results and scrutinizer's report have been made available on the company's website at www.shilchar.com , ensuring transparency and regulatory compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both newly appointed directors are confirmed to be not debarred from holding directorial positions by any SEBI order or regulatory authority.