CWD Limited has announced the resignation of CS Pratima Bajaj from her position as Company Secretary and Compliance Officer, effective March 1, 2026. The company informed BSE Limited about this development on March 2, 2026, in compliance with regulatory disclosure requirements.

Resignation Details

CS Pratima Bajaj, holding membership number A39348, submitted her resignation letter on March 1, 2026, citing personal reasons for her departure. The resignation became effective immediately from the same date.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 read with Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The resignation details have been provided in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Formal Documentation

The resignation process involved comprehensive documentation as per regulatory requirements:

Next Steps

CWD Limited has outlined the following procedural steps:

• The Board will formally note the resignation at its ensuing Board Meeting
• The company will appoint a new Company Secretary and Compliance Officer
• Stock exchange intimation regarding the new appointment will be provided in due course
• Necessary forms will be filed with the Registrar of Companies

Management Communication

The intimation was signed by Mr. Tejas Kothari, Joint Managing Director & CFO (DIN: 01308288), who digitally signed the document on March 2, 2026. In her resignation letter, Pratima Bajaj expressed gratitude to the Board of Directors and Management for their support and guidance during her tenure, describing her time with the company as professionally rewarding.

The company has assured stakeholders that it will maintain compliance with all regulatory requirements during the transition period and will promptly communicate details of the new appointment once finalized.

CWD Limited has entered into a Memorandum of Understanding (MoU) with a leading global enterprise software company to evaluate a strategic technology alliance focused on hardware deployment, software integration, and new business development opportunities. This formal announcement was made under Regulation 30 of SEBI regulations on February 24, 2026.

Strategic Partnership Framework

The MoU establishes a comprehensive framework for collaboration across three key areas:

Growth Opportunities and Strategic Benefits

The partnership is designed to deliver multiple strategic advantages for CWD Limited. The enterprise deployment initiative aims to expand enterprise adoption of the company's device portfolio while strengthening recurring hardware-led revenue streams and increasing device penetration within high-growth digital ecosystems.

The deep technology integration component focuses on enhancing CWD's value proposition through software-enabled hardware solutions. This integration could create differentiated offerings for enterprise and SMB customers while strengthening CWD's positioning as a smart-device and platform solutions provider.

Commercialization Pathway

The MoU establishes a structured approach toward definitive commercial agreements. The companies plan to exchange technical documentation, conduct interoperability assessments, and commit appropriate resources for implementation. This process will explore commercial positioning, pricing models, and go-to-market structures.

Leadership Perspective

CWD's leadership emphasized the strategic importance of this partnership, stating that the MoU reflects the company's continued focus on building a scalable, integration-led device ecosystem. The leadership highlighted that combining hardware strengths with globally established enterprise software can create differentiated solutions for enterprises and SMEs, while strengthening market positioning and enterprise credibility.

Company Profile

CWD Limited, incorporated in 2016 and headquartered in Mumbai, operates as a leading information and communication technology company. The company designs, develops, manufactures, and sells integrated IoT solutions across Consumer Electronics and Technology Solutions segments, serving agriculture, healthcare, manufacturing, logistics, and fintech industries.