Ecoboard Industries Limited has issued a corrigendum to its Extra Ordinary General Meeting (EGM) notice, adding a significant agenda item for shareholder consideration. The corrigendum, dated February 2, 2026, introduces a third item of business to the EGM scheduled for February 12, 2026, at 11:00 A.M. through video conferencing.

Inter-Corporate Deposit Ratification

The primary purpose of this corrigendum is to seek shareholder ratification for an inter-corporate deposit already availed by the company. Ecoboard Industries requires approval for an ICD of ₹2,00,00,000 from Anvita Avani Kreations Private Limited, which was executed through an agreement dated October 23, 2025.

Regulatory Compliance Requirements

The Board of Directors approved this ICD at their meeting held on January 19, 2026. However, shareholder approval through a special resolution has become necessary due to statutory compliance requirements under Section 186(2) of the Companies Act, 2013. The company states that the aggregate of loans, guarantees, securities, and investments already made, together with this ICD, exceeds the prescribed limits under the Act.

Under Section 186(2), companies are permitted to give loans, provide guarantees, securities, and make investments up to 60% of paid-up share capital, free reserves, and securities premium account, or 100% of free reserves and securities premium account, whichever is higher, without prior member approval.

Transaction Details and Compliance

The company has clarified that this ICD transaction is conducted in the ordinary course of business and on an arm's length basis. Importantly, it does not fall under the definition of Related Party Transaction as per the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The management has confirmed that none of the Directors, Key Managerial Personnel, or their relatives have any financial or other interest in this resolution. The funds from this deposit are being utilized for working capital requirements and general corporate purposes of the company.

Meeting Accessibility and Documentation

The EGM will be conducted through Video Conferencing and Other Audio Visual Means, maintaining compliance with current regulatory guidelines. All relevant documents, including the original EGM notice and this corrigendum, are available on multiple platforms for shareholder access.

Shareholders can access the documents through the company's website at ecoyou.in, BSE Limited's website at www.bseindia.com , and the National Securities Depository Limited's e-voting platform at www.evoting.nsdl.com . The corrigendum forms an integral part of the EGM notice and must be read in conjunction with the original notice dated January 19, 2026.

Ecoboard Industries Limited has strengthened its board governance structure with the appointment of two seasoned professionals as Additional Non-Executive Independent Directors. The appointments were approved during a board meeting conducted via video conferencing on January 19, 2026, demonstrating the company's commitment to enhancing its leadership capabilities.

New Director Appointments

The board approved the appointment of Mrs. Geeta Chandrakant Kakade and Mr. Ram Mohan Bobbili as Additional Non-Executive Independent Directors, both subject to shareholder approval at the forthcoming Extraordinary General Meeting.

Professional Background

Mrs. Geeta Chandrakant Kakade brings substantial financial expertise as a Chartered Accountant with over 18 years of experience. She serves as a partner at Kadam & Co, specializing in audit, taxation, and management consultancy. Her professional portfolio includes extensive work in accountancy and legal matters for cooperative societies, trusts, banks, and companies across various sectors.

Mr. Ram Mohan Bobbili contributes over 45 years of comprehensive experience in manufacturing operations, supply chain management, and enterprise technology implementation across India and international markets. He holds a B.Tech in Chemical Engineering and an MBA in Marketing. His career spans senior leadership positions in reputed organizations, with particular expertise in project management, operational excellence, and strategic advisory roles across diverse industries.

Committee Reconstitution

Following the new appointments, Ecoboard Industries has reconstituted its key board committees to ensure optimal governance structure:

Audit Committee

Nomination and Remuneration Committee

Stakeholder Relationship Committee

Upcoming Shareholder Meeting

The board has approved calling an Extraordinary General Meeting on February 12, 2026, to be conducted through video conferencing. The meeting will seek shareholder approval for the director appointments. Mr. Satish Dattatray Kolhe, a Practising Company Secretary, has been appointed as scrutinizer to oversee the voting process.

Both newly appointed directors have no inter-se relationships with existing board members, ensuring independence in their roles. The appointments reflect Ecoboard Industries' strategic focus on strengthening its governance framework with experienced professionals from diverse backgrounds.