Transpek Industry Limited has officially announced the resignation of Shri Avtar Singh from his position as Joint Managing Director, effective from the closure of business hours on March 31, 2026. The company informed BSE Limited about this leadership change through a formal intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details and Timeline

Shri Avtar Singh (DIN: 00063569) submitted his resignation letter on January 20, 2026, citing personal commitments and family obligations as the primary reasons for his departure. The resignation becomes effective from March 31, 2026, marking the end of his tenure that began on October 1, 2021.

Regulatory Compliance and Disclosure

The company has fulfilled its regulatory obligations by providing comprehensive details as required under Regulation 30 read with Schedule III - Para A(7C) of Part A of the Listing Regulations and SEBI Master Circular issued vide circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The resignation letter dated January 20, 2026, has been attached as supporting documentation.

Leadership Transition and Future Advisory Role

In his resignation letter, Singh expressed his willingness to assist the company in an advisory capacity beyond March 31, 2026, for the completion of ongoing projects or in any other manner deemed appropriate by the company. He committed to extending full cooperation to ensure an orderly handover of responsibilities.

Long-Standing Association with Shroff Group

Singh's departure marks the end of a remarkable 45-year association with the Shroff Group. In his resignation letter, he acknowledged this long and fulfilling journey, expressing gratitude to the Board members for their interactions and guidance during Board meetings.

Updated Corporate Governance Framework

Following Singh's resignation, the Board of Directors convened on March 26, 2026, to address organizational changes and update the company's regulatory framework. The Board revised the Policy on Materiality of Events and updated the list of Key Managerial Personnel (KMPs) authorized to determine materiality of events and make appropriate disclosures.

The updated policy details and KMP information have been made available on the company's official website at www.transpek.com , ensuring transparency and accessibility for stakeholders and investors.

Transpek industry Limited's Board of Directors has formally addressed and contested a fine imposed by BSE Limited concerning delayed submission of share reclassification application. The Board convened on March 26, 2026, to discuss the regulatory matter and provide their official response to the exchange.

Board Meeting and Fine Assessment

The Board meeting was held on March 26, 2026, commencing at 02.00 p.m. and concluding at 05.45 p.m. The discussion centered on BSE's email dated March 13, 2026, which advised the company to place the non-compliance matter before the Board of Directors. The issue pertains to Regulation 31A(3)(a)(ii)/(iii)/(v)/(vi) regarding delayed submission of application for reclassification of shares from Promoter to Public Category.

Company's Position on the Fine

The Board expressed strong disagreement with the fine, maintaining that it was unjustified. According to the company's official statement, Transpek Industry had submitted the required application within the stipulated timeframe, but in a different category. The Board characterized this as a technical error rather than a deliberate violation of regulatory requirements.

The company emphasized that this was not a substantive compliance failure but rather a procedural misstep that did not warrant the penalty imposed by BSE Limited.

Compliance and Payment Status

Despite contesting the fine's validity, Transpek Industry demonstrated its commitment to regulatory compliance by taking the following actions:

• Paid the fine under protest within the applicable timeframe
• Ensured adherence to all BSE Limited requirements
• Maintained good governance practices throughout the process

Future Compliance Measures

The Board has implemented preventive measures to avoid similar incidents in the future. As part of their governance enhancement initiative, the company has decided to exercise abundant caution in all regulatory submissions and compliance matters. This proactive approach reflects the company's commitment to maintaining high standards of corporate governance while protecting shareholder interests.

The official communication was signed by Bimal V. Mehta, Managing Director (DIN: 00081171), and submitted to BSE Limited as part of the company's formal response to the regulatory matter.