GK Energy Limited has formally announced the resignation of Mrs. Chandra Iyengar from her position as Independent Director, marking a significant change in the company's board composition. The resignation, submitted on February 26, 2026, takes effect from the close of business hours on the same date.

Resignation Details

Committee Memberships Affected

Following her resignation as Independent Director, Mrs. Iyengar will also cease to hold positions in key board committees:

• Stakeholders Relationship Committee - Member
• Corporate Social Responsibility Committee - Member

Other Directorships

Mrs. Iyengar continues to serve as a director at Adani Energy Solutions Limited, where she holds multiple committee positions including:

• Chairman of Nomination and Remuneration Committee
• Chairman of Corporate Social Responsibility Committee
• Member of various committees including Audit Committee, Stakeholders Relationship Committee, Risk Management Committee, and others

Resignation Statement

In her resignation letter dated February 26, 2026, Mrs. Iyengar stated her decision to step down was driven by personal commitments and her desire to gradually reduce professional commitments. She expressed satisfaction in witnessing the company's progress and strengthening governance standards during her tenure.

Mrs. Iyengar confirmed that there are no material reasons for her resignation other than those mentioned in her resignation letter, as required under regulatory guidelines.

Company Response

The Board of Directors has expressed sincere appreciation for Mrs. Iyengar's valuable guidance and significant contributions during her tenure as Independent Director. The company has completed the necessary regulatory disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

GK Energy Limited, formerly known as GK Energy Private Limited and GK Energy Marketers Private Limited, is listed on both NSE (Symbol: GKENERGY) and BSE (Scrip Code: 544525). The company is headquartered in Pune, Maharashtra.

GK Energy Limited has announced the appointment of Professor Subhash Vasant Ghaisas as Additional Director in the category of Non-Executive Independent Director, effective February 13, 2026. The appointment was approved by the company's Board of Directors based on the recommendation of the Nomination and Remuneration Committee and remains subject to shareholder approval.

Appointment Details

The Board of Directors meeting, held on February 13, 2026, approved Professor Ghaisas's appointment for a five-year term. The appointment details are structured as follows:

Professional Background

Professor Ghaisas brings extensive expertise in renewable energy and advanced materials research to GK Energy's board. He holds a Ph.D. in Experimental Physics from the University of Pune and has over four decades of leadership experience in solar energy, semiconductor physics, and advanced materials research.

Key Professional Achievements

• Academic Leadership: Served as Director of the School of Energy Studies at Savitribai Phule Pune University
• Research Innovation: Led MNRE-supported renewable energy testing initiatives
• International Recognition: Established Asia's first UNDP-GEF funded Solar Concentrator Testing Facility
• Publications: Authored over 100 international research papers
• Awards: Recipient of the IBM Faculty Award
• Project Leadership: Guided major projects funded by DST, CSIR, ISRO, and DRDO

Current Roles and Independence

Professor Ghaisas currently serves as a Visiting Professor at DIAT, Pune, and heads the Physics Panel at NCERT, providing independent technological oversight and strategic innovation leadership. The company confirmed that he satisfies the criteria of independence prescribed under the Companies Act, 2013, and SEBI LODR regulations.

Regulatory Compliance

GK Energy Limited confirmed compliance with all regulatory requirements for the appointment. The company stated that Professor Ghaisas has not been debarred from holding the office of Director by virtue of any order issued by SEBI or any other authorities. The appointment follows the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and related circulars.

Board Meeting Details

The Board of Directors meeting that approved the appointment commenced at 06:32 P.M. and concluded at 07:06 P.M. on February 13, 2026. The appointment information has been made available on the company's website at www.gkenergy.in as part of their disclosure obligations.