Dharan Infra-EPC Limited, formerly known as KBC Global Limited, has announced a significant change in its leadership. Muthusubramanian Hariharan, the company's Chief Executive Officer (CEO) and director, has resigned from his positions, citing other professional commitments.

Resignation Details

Hariharan submitted his resignation via email on September 19, 2025, with his last working day being September 15, 2025. The Board of Directors formally accepted the resignation at a meeting held on September 22, 2025. According to the company's filing, Hariharan will cease to be the CEO effective September 19, 2025.

Transition and Disclosure

In his resignation letter, Hariharan expressed gratitude for the opportunity to lead Dharan Infra-EPC during a critical period of strategic and operational realignment. He committed to ensuring a smooth transition over the coming weeks, working with the Board and management team to complete pending responsibilities and hand over critical matters.

Regulatory Compliance

The company made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Delay in Disclosure

Dharan Infra-EPC acknowledged a delay in submitting this disclosure, explaining that the matter was first placed before the Board of Directors for due consideration and deliberation. The delay was attributed to the time required for the Board's review and decision-making process.

Company Response

Naresh Karda, a director of Dharan Infra-EPC Limited, signed the official intimation to the stock exchanges. The company stated that Hariharan will not continue in any other capacity with the organization.

This leadership change comes at a time when the infrastructure and EPC (Engineering, Procurement, and Construction) sectors in India are facing various challenges and opportunities. Stakeholders will be watching closely to see how Dharan Infra-EPC navigates this transition and who will be appointed to lead the company forward.

Dharan Infra-EPC Limited , a company listed on the National Stock Exchange (NSE: KBCGLOBAL) and BSE (BSE: 541161), has announced the incorporation of a wholly owned subsidiary focused on renewable energy and solar power. The new entity, named Dharan Infra Solar Private Limited, was incorporated on August 27, 2025, following board approval on June 13, 2025.

Subsidiary Details

The newly formed subsidiary, registered in Nashik, Maharashtra, India, is set to operate in the renewable energy sector with a specific focus on solar power. Its scope of operations includes:

• Manufacturing, design, and development of renewable energy modules, cells, and accessories
• Conducting research in the field of renewable energy
• Trading, buying, selling, wholesaling, retailing, and distributing solar power equipment
• Assembling, fabricating, repairing, and maintaining solar power projects
• Operating solar power projects and hybrid systems combining solar photovoltaic technology with other forms of renewable energy

Financial Aspects

Dharan Infra-EPC Limited has subscribed to 100% of the initial paid-up share capital of the new subsidiary. The details of this subscription are as follows:

Regulatory Compliance

The company has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. According to the company's statement, no specific governmental or regulatory approvals were required for the incorporation of this subsidiary.

Strategic Implications

This move by Dharan Infra-EPC Limited signifies a strategic expansion into the rapidly growing renewable energy sector, particularly in solar power. By establishing a dedicated subsidiary, the company positions itself to capitalize on opportunities in solar energy manufacturing, project development, and related services.

The incorporation of Dharan Infra Solar Private Limited aligns with the global trend towards sustainable energy solutions and may provide Dharan Infra-EPC Limited with new avenues for growth and diversification in the green energy market.