Cressanda railway solutions Limited has announced a significant leadership change with the resignation of its Chairman Mr. Chander Parkash Sharma, effective from March 2nd, 2026. The company informed BSE Limited about this development under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Transition Details

Mr. Chander Parkash Sharma, who held the position of Non-Executive Chairman and Independent Director, submitted his resignation citing personal commitments and other responsibilities. His departure will be effective from the close of business hours on March 2nd, 2026.

Committee Changes and Interim Arrangements

Following Mr. Sharma's resignation, he will also cease to be a member of the Remuneration Committee of the company. The management has announced that Arun Tyagi will assume the role of Chairman on an interim basis while the company works to reconstitute the committee in its next board meeting.

The Board of Directors has placed on record its appreciation for the valuable contribution and guidance provided by Mr. Chander Parkash Sharma during his association with the company as Chairman.

Regulatory Compliance

The company has fulfilled its regulatory obligations by filing the necessary intimation with BSE Limited under the prescribed regulations. The information regarding the change in board composition has been provided in accordance with Regulation 30 read with Schedule III of the SEBI Listing Regulations.

This leadership transition marks an important change in the company's governance structure as it continues its operations in the railway solutions sector.

Cressanda railway solutions Limited has announced a significant change in its leadership structure with the resignation of Executive Director Mr. Pankaj Agarwal. The company formally communicated this development to BSE Limited under the regulatory framework governing listed entities.

Executive Leadership Change

Mr. Pankaj Agarwal, holding Director Identification Number (DIN) 10943582, has tendered his resignation as Executive Director of the company with effect from February 19, 2026. The resignation was submitted for reasons mentioned in his resignation letter, though specific details were not disclosed in the regulatory filing.

Committee Membership Impact

Consequent to his resignation as Executive Director, Mr. Agarwal will also cease to be a member of two key committees of the company:

• Corporate Social Responsibility Committee
• Risk Management Committee

This change will require the company to reconstitute these committees or appoint new members to maintain proper governance structures.

Board Recognition

The Board of Directors has formally acknowledged Mr. Agarwal's contributions during his association with Cressanda Railway Solutions Limited. The company has placed on record its appreciation for the valuable contribution and guidance provided by him during his tenure as Executive Director.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to BSE Limited, where the company trades under scrip code 512379 with the scrip ID CRESSAN. Company Secretary and Compliance Officer Sunil Trivedi signed the regulatory communication on behalf of the company.