DISA India Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Muralidharan Angadu Mohanakrishnan as a Non-Executive Independent Director. The company announced this corporate governance initiative through a formal notice dated March 12, 2026, addressed to BSE Limited.

Postal Ballot Details and Timeline

The e-voting process has been structured with specific timelines and procedures to ensure comprehensive shareholder participation:

The postal ballot notice has been sent electronically to shareholders whose email addresses are registered with the company or depositories as of the cut-off date. The company has appointed Mr. Nagendra D. Rao (Membership No. FCS 5553, COP 7731), a Practising Company Secretary, as the Scrutinizer to conduct the postal ballot process in a fair and transparent manner.

Director Appointment Details

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, appointed Mr. Muralidharan Angadu Mohanakrishnan as an Additional Director on January 21, 2026. The proposed appointment carries the following specifications:

Professional Background and Expertise

Mr. Mohanakrishnan brings extensive industry experience to the Board, with over 35 years of global experience in the construction equipment sector. His professional background includes:

• Managing Director and Head of Productivity Services Asia at Volvo Group Singapore
• Chairman of Country Management at Volvo Group Singapore
• President of Volvo Construction Equipment India
• Head of Commercial, Marketing, and Strategy roles across multiple regions
• Leadership of multicultural teams and multi-country P&L management
• Oversight of manufacturing operations with up to 4,000 employees
• 27 years of service with Volvo Construction Equipment before retiring in December 2024

His educational qualifications include a Master's degree in Business Administration from Anna University and a Bachelor of Mechanical Engineering from College of Engineering, Guindy. He currently works as a consultant with Indian Foundation for Quality Management.

Compliance and Regulatory Framework

The postal ballot process adheres to multiple regulatory requirements and guidelines:

• Section 110 of the Companies Act, 2013
• Companies (Management and Administration) Rules, 2014
• SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Various MCA circulars including General Circular No. 03/2025 dated September 22, 2025
• Regulation 17(1C) of SEBI Listing Regulations requiring shareholder approval within three months of appointment

Mr. Mohanakrishnan has provided the necessary declarations confirming his independence criteria under Section 149(6) of the Companies Act, 2013, and has confirmed that he is not disqualified from holding the position of director. The Board considers his appointment beneficial to the company, citing his leadership expertise across multiple sectors and geographies.

Shareholder Participation Process

Shareholders can participate in the e-voting process through multiple channels depending on their shareholding mode. The company has provided detailed instructions for voting through CDSL and NSDL depositories, as well as for physical shareholders. The voting rights will be calculated based on the paid-up equity share capital as on the cut-off date of March 6, 2026.

The resolution, if passed by the requisite majority, will be deemed to have been passed on April 11, 2026, being the last date specified for e-voting. The results, along with the Scrutinizer's report, will be communicated to BSE and uploaded on the company's website.

DISA India Limited has announced the resignation of Mr. Anders Wilhjelm from his position as Non-Executive Non-Independent Director, effective February 28, 2026. The resignation comes as a direct result of his departure from Norican Group, the holding company, where he served as President and CEO.

Regulatory Compliance and Documentation

The company has fulfilled its regulatory obligations by submitting the required intimation to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal communication was signed by Company Secretary and Compliance Officer Shrithee M S on February 24, 2026.

Director's Resignation Statement

In his resignation letter addressed to the Board of Directors, Mr. Wilhjelm confirmed that his departure is solely due to his resignation from Norican Group services. He explicitly stated that there are no other material reasons for his resignation beyond the mentioned cause. The director expressed gratitude to board members, senior management, and employees for their support during his tenure.

Regulatory Disclosures

As per SEBI requirements, the company has provided comprehensive details in Annexure A, covering all mandatory disclosure parameters. The documentation confirms that several standard disclosure requirements are not applicable in this case, including brief profile details, relationship disclosures between directors, and independent director confirmations, as these pertain specifically to appointments rather than resignations.

Company Information

DISA India Limited operates from its registered and corporate office located at World Trade Center, Brigade Gateway Campus in Bangalore. The company maintains regional sales offices in New Delhi, Kolkata, and Pune, along with a manufacturing facility in Tumkur, Karnataka. The resignation represents a change in the company's board composition as it continues its operations under the Norican Group umbrella.