Danube Industries has informed BSE Limited about the resignation of Mr. Krishnan Ramaswamy from his position as Non-Executive Independent Director, effective January 2, 2026. The company made this disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The resignation communication reveals key information about the directorship change:

Official Communication

The company's Managing Director, Meena Sunil Rajdev (DIN: 08060219), signed the official intimation to BSE Limited on January 2, 2026. The communication was made pursuant to Para A of Part A of Schedule III of the SEBI regulations, which mandates disclosure of changes in key managerial personnel and directors.

Mr. Ramaswamy submitted his formal resignation letter to the Board of Directors, requesting that notice of his resignation be given to the Registrar of Companies and that the Board be informed at their next meeting. He confirmed in his resignation letter that there are no other material reasons for his departure beyond the professional commitments cited.

Director's Background

In his resignation letter, Mr. Ramaswamy disclosed that he holds no directorships in other listed entities, indicating nil positions across categories of directorship and board committee memberships. He expressed appreciation for the Board of Directors' cooperation and assistance during his tenure as Non-Executive Independent Director.

Regulatory Compliance

The resignation follows proper regulatory procedures, with Danube Industries ensuring compliance with SEBI's disclosure requirements. The company has received written confirmation from the resigning director that no material reasons exist for his resignation other than those explicitly stated in his resignation letter, which has been enclosed with the regulatory filing.

Danube Industries Limited's Board of Directors has provisionally approved a strategic acquisition that will expand the company's business portfolio into the retail segment. The board meeting held on December 11, 2025, approved the proposal to acquire a controlling 51% stake in JCR Fashion Retail Private Limited.

Acquisition Details

The proposed acquisition will make JCR Fashion Retail Private Limited a subsidiary of Danube Industries Limited. The transaction is structured as a strategic move to achieve expansion, diversification, and integration purposes within the retail sector.

Target Company Profile

JCR Fashion Retail Private Limited, incorporated on February 10, 2017, operates in the retail of personal and household goods segment. The company is registered at 23/Ground Floor, Kala Sagar Mall, Ghatlodia, Ahmedabad, Gujarat, with CIN U52609GJ2017PTC095734.

Financial Performance

The target company's recent financial performance shows the following turnover figures:

Strategic Rationale

The acquisition represents Danube Industries' strategic expansion into the retail sector, moving beyond its traditional business lines. JCR Fashion Retail is engaged in retail operations and intends to expand its operations while undertaking growth and development activities. The company also aims to reduce current liabilities and debts through this expansion strategy.

Transaction Structure

The acquisition cost and pricing will be determined after conducting due diligence and obtaining a professional valuation report. The consideration structure will involve either cash payment or share swap arrangements, as agreed between the parties. The transaction does not fall under related party transactions and requires no governmental or regulatory approvals.

Next Steps

The completion of this acquisition is subject to satisfactory due diligence and valuation processes. With an indicative timeline of 9 months for completion, Danube Industries expects to finalize the transaction and integrate JCR Fashion Retail as its subsidiary, thereby establishing a presence in the retail segment of personal and household goods.