Croissance has taken a significant step towards diversifying its business portfolio by venturing into the green energy sector. The company recently announced that it has entered into a lease agreement for 120 acres of land in the Mysuru region, Karnataka, to implement a new green energy business.

Shareholder Approval and Strategic Expansion

The company's move into the green energy sector comes with the full backing of its shareholders. During its 31st Annual General Meeting (AGM), Croissance obtained approval from its shareholders for this strategic initiative. This expansion aligns with the company's vision to tap into the growing renewable energy market and contribute to sustainable development.

Management's Vision

During the AGM, Mr. Sravan Prabhakar Veledandi, the Chairman and Managing Director of Croissance, shared the company's vision for expansion into green energy. He highlighted the company's plans to explore various areas within the sector, including:

• Green Energy projects
• Ethanol Blending Program (EBP)
• Green Hydrogen initiatives

Mr. Veledandi expressed optimism about the company's accelerated growth outlook and future success in these new ventures.

Funding the Expansion

To support its ambitious expansion plans, Croissance is exploring various funding options. The company has indicated that it may raise funds through:

• Borrowings
• Issuance of debentures and other convertible securities
• Rights issues
• Preferential allotments
• Follow-on Public Offerings (FPO)

The management has sought shareholder approval to increase the company's borrowing powers under Section 180(1)(C) of the Companies Act, 2013, and to create mortgages or charges on the company's assets under Section 180(1)(a) to facilitate these funding initiatives.

Corporate Governance and Transparency

In line with regulatory requirements, Croissance has also announced the closure of the trading window for its securities from October 1 until 48 hours after the declaration of its unaudited financial results for the quarter and financial year ended September 30. This measure ensures compliance with SEBI regulations on insider trading and maintains transparency in the company's operations.

The company's move into the green energy sector represents a significant milestone in its growth strategy. As Croissance embarks on this new venture, stakeholders will be keenly watching how this expansion unfolds and its potential impact on the company's future performance in the evolving energy landscape.

Croissance Limited has announced a significant change in its corporate leadership. The company has appointed Mr. Mukund Binani as its new Company Secretary and Compliance Officer, effective September 20, 2025. This appointment marks an important step in strengthening the company's corporate governance and compliance framework.

Key Highlights of the Appointment

• Effective Date: Mr. Binani's appointment is effective from September 20, 2025.
• Professional Credentials: Mr. Binani is an associate member of the Institute of Company Secretaries of India (ICSI).
• Experience: He brings extensive experience in various critical areas, including Company Law, Corporate Governance, Legal Compliance, and Corporate Social Responsibility.
• Regulatory Expertise: Mr. Binani has significant exposure to SEBI Regulations, Listing Compliances, and the Foreign Exchange Management Act (FEMA).

Official Disclosure

The appointment was officially disclosed to BSE Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Company Background

Croissance Limited is headquartered at 306, 1st Floor, 17th Cross, 2nd Block, RT Nagar, Bengaluru 560032, Karnataka. The company's Corporate Identification Number (CIN) is L11010KA1994PLC103470.

Management Statement

The official communication to BSE was signed by Mr. Sravan Prabhakar Veledandi, the Managing Director of Croissance Limited, underlining the importance of this appointment at the executive level.

This strategic appointment of Mr. Mukund Binani is expected to enhance Croissance Limited's compliance and governance practices, leveraging his diverse experience in critical areas of corporate operations. As the company moves forward, stakeholders will be keen to observe how this new addition to the leadership team contributes to Croissance Limited's corporate strategy and regulatory adherence.