Octaware Technologies Limited has announced the resignation of two directors from its board, effective from the close of business hours on January 30, 2026. The company informed BSE Limited about these leadership changes in compliance with regulatory requirements under SEBI (LODR) Regulations, 2015.

Director Resignations Details

The company reported two simultaneous resignations from its board of directors:

Both directors confirmed in their resignation letters that there are no other material reasons for their departure beyond the personal circumstances mentioned.

Regulatory Compliance

Octaware Technologies Limited fulfilled its disclosure obligations pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive documentation to BSE Limited, including:

• Formal intimation letter signed by Company Secretary & Compliance Officer Muqeem Habeeb Shaikh
• Detailed annexure containing required information as per SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015
• Original resignation letters from both departing directors

Transition Arrangements

In their resignation letters, both directors expressed commitment to ensuring a smooth transition period. They acknowledged the support received from the board, management team, and stakeholders during their tenure with the company. Both directors indicated their availability to assist the company during the transition period as required and extended wishes for continued growth and success for Octaware Technologies Limited.

Corporate Governance Impact

The simultaneous departure of two directors represents a significant change in the company's board composition. The resignations were processed through proper corporate governance channels, with both directors submitting formal resignation letters to the Board of Directors at the company's Mumbai headquarters located at 204 Timmy Arcade Makwana Road, Marol Off Kurla Andheri Road.

The company has requested BSE to take this information on record and disseminate it for stakeholder awareness, ensuring transparency in corporate governance practices.

Octaware Technologies Limited has strengthened its Board of Directors with the appointment of two Additional Directors on January 23, 2026. The company's Board meeting, held from 11:00 A.M. to 11:30 A.M., approved these strategic appointments based on recommendations from the Nomination and Remuneration Committee.

Board Appointments Details

The company announced two key appointments that will enhance its leadership structure:

Both appointments are subject to shareholder approval at the ensuing Annual General Meeting for FY 2025-26. The directors will hold office until the date of the upcoming AGM.

Leadership Profiles

Mr. Alok Ranjan brings over 15 years of extensive professional experience to his role as Whole-Time Director. He has served in various senior leadership roles across multiple organizations, making significant contributions to business growth and organizational development. As a visionary leader and accomplished executive, Mr. Ranjan has demonstrated a strong track record of driving business expansion, promoting operational excellence, and leading strategic initiatives.

Mr. Pradeep Lavania joins as Executive Director with over 13 years of diverse industry experience. Throughout his career, he has held key leadership and management roles across various organizations, playing an instrumental role in driving operational efficiency and business performance. Known for his strategic mindset and hands-on leadership approach, Mr. Lavania has consistently contributed to scaling businesses, optimizing processes, and executing growth-oriented initiatives.

Regulatory Compliance

The appointments comply with all regulatory requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key compliance aspects include:

• Neither director holds directorship in any other listed entity
• No relationships disclosed between the new directors and existing board members
• Both directors are not debarred from accessing capital markets or restrained from holding director positions by SEBI or other authorities
• All required disclosures have been made as per BSE and NSE circular requirements

Strategic Impact

In their respective roles, Mr. Ranjan will focus on guiding the company's strategic direction, strengthening business development efforts, and providing organizational leadership for sustainable growth. Mr. Lavania will concentrate on strengthening the operational framework, advancing strategic and business development initiatives, and supporting long-term sustainability and value creation.

The company has filed the necessary intimation with BSE Limited under scrip code 540416, ensuring full regulatory compliance for these board changes.