Sword-Edge Commercials Limited accepted the resignation of Manish Kumar as an independent director on September 16, 2026.

The company disclosed that Mr. Kumar (DIN: 08881293) tendered his resignation due to personal reasons. The cessation is effective from the close of business hours on September 16, 2026.

Committee Memberships

Upon his departure, Mr. Kumar ceased to be a member of the following board committees:

• Audit Committee
• Nomination and Remuneration Committee
• Stakeholders' Relationship Committee

Regulatory Disclosure

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Mr. Kumar confirmed that there are no material reasons for his resignation other than those stated in his letter. He does not hold directorships in any other listed entities.

Sword-Edge Commercials appointed Mr. Ashish Anand as an additional non-executive independent director on September 7, 2026. The board approved the five-year term subject to shareholder approval.

The company also designated Mr. Tushar Parekh, chief technology officer, as senior management personnel. These decisions were taken during a board meeting held in Mumbai.

Director Appointment Details

Mr. Anand will serve his first term from September 7, 2026, to September 6, 2031. He brings over 25 years of experience in finance, business operations, and corporate strategy. His background includes roles as vice president and general manager across various sectors.

He holds qualifications including an MBA, LL.B., and Ph.D. in Management. Mr. Anand is also a certified hotel administrator from the American Hotel & Lodging Educational Institute.

Committee Leadership Changes

Mr. Anand replaces Mr. Manish Kumar as chairperson of three key committees. He now leads the audit committee, nomination and remuneration committee, and stakeholders' relationship committee effective immediately.

The reconstitution ensures continuity in governance oversight. Mr. Kumar remains a member of all three committees alongside Ms. Neha Kargeti and Mr. Kulbir Singh Sandhu.

Committee Composition

Senior Management Designation

The board approved Mr. Parekh's designation as senior management personnel based on NRC recommendations. He continues to discharge his existing responsibilities as CTO while assuming additional duties as assigned.

Mr. Parekh has over 35 years of technology leadership experience. His expertise covers cloud computing, big data, DevOps, and payment gateway systems. He holds certifications including AWS Solution Architect and PCI-DSS Implementor.