Silverline Technologies appointed Mr. Valay Girishbhai Chauhan as an Additional Non-Executive Independent Director effective May 30, 2026, subject to shareholder approval. The appointment was made during a board meeting held on May 30, 2026, where the company also approved its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. M/s. Sarang Shivajirao Chavan And Associates, the statutory auditors, issued an audit report with an unmodified opinion on the financial results.

Mr. Valay Girishbhai Chauhan (DIN: 11748817) is a young and enthusiastic professional with experience in the Agriculture Business sector and possesses practical understanding of agricultural business activities and operational management. He is not related to any other directors of the company and is not debarred from holding the office of director by the Securities and Exchange Board of India (SEBI). The appointment follows the resignation of Mr. Sunny Jagpatrai Rai and Mr. Nayankumar Sureshbhai Patel from the post of Non-Executive Independent Director, effective May 30, 2026, due to preoccupation with other matters.

Board and Committee Reconstitution

The board reconstituted its key committees, including the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee, effective May 30, 2026. The composition of these committees now includes the newly appointed directors.

Postal Ballot and Shareholder Approvals

The board approved a notice for a postal ballot via e-voting to seek shareholder approval for several items. These include the appointment of Mr. Jaykumar Chavada and Ms. Nishaben Manishkumar Patel as directors, the appointment of the two new independent directors, and the shifting of the registered office from Thane to Mumbai. Shareholders will also vote on increasing the limit for foreign portfolio investors and foreign institutional investors to 49% of the paid-up equity share capital.

Vishakha Agrawal & Associates was appointed as the scrutinizer for the postal ballot process. The cut-off date to determine member eligibility for electronic voting is fixed as May 29, 2026.

Silverline Technologies Ltd. announced that Non-Executive Independent Director Mr. Sunny Jagpatrai Rai resigned from his position effective May 30, 2026. The resignation, submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is due to pre-occupation with other matters. Mr. Rai confirmed that there are no other material reasons for his departure aside from those stated in his resignation letter.

The Board of Directors of the company has acknowledged the resignation and placed on record its sincere appreciation for the contributions made by Mr. Rai during his tenure as a Board Member. The company has disclosed the relevant details regarding the cessation of directorship as required under Schedule III of the SEBI Listing Regulations.