Responsive Industries Limited has announced the resignation of its Chief Financial Officer and Key Managerial Personnel, Mr. Bhavneet Singh Chadha, due to personal reasons. The company informed both BSE Limited and National Stock Exchange of India Limited about this key management change on January 13, 2026.

Resignation Details

The resignation became effective from the close of business hours on January 12, 2026. Mr. Chadha submitted his resignation letter citing personal reasons as the primary factor for his decision to step down from his position.

Company's Response

Responsive Industries Limited has placed on record its deep appreciation for the services rendered by Mr. Bhavneet Singh Chadha and acknowledged his contributions during his tenure as CFO. The company has confirmed that Mr. Chadha provided written confirmation stating there are no material reasons for his resignation other than those mentioned in his resignation letter.

Succession Planning

The company is actively engaged in the process of appointing a suitable candidate for the position of CFO and Key Managerial Personnel. Responsive Industries has committed to informing the stock exchanges about the new appointment in due course, ensuring compliance with all applicable regulations.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed disclosure in adherence to the SEBI master circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. All relevant information has been made available on the company's website at www.responsiveindustries.com .

The resignation represents a significant change in the company's key management personnel, and stakeholders will be monitoring the appointment of the new CFO to ensure continuity in financial leadership and operations.

Responsive Industries Limited has successfully completed its postal ballot proceedings for the appointment of a new Independent Director, as announced in its regulatory filing dated January 05, 2026. The company conducted the entire voting process through electronic means in compliance with regulatory requirements.

Postal Ballot Process Details

The postal ballot process was conducted in accordance with multiple regulatory frameworks, including Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI LODR Regulations. The company appointed M/s. Mayank Arora & Co., Practicing Company Secretaries, as the scrutinizer to ensure fair and transparent conduct of the voting process.

Director Appointment Resolution

The special resolution for the appointment of Mr. Ajay Pratapray Shanghavi (DIN: 00084653) as an Independent Director was passed with the requisite majority. Mr. Shanghavi was initially appointed by the Board of Directors as an Additional Non-Executive Independent Director on November 11, 2025, based on the recommendation of the Nomination and Remuneration Committee.

Regulatory Compliance and Documentation

The company ensured full compliance with regulatory requirements throughout the process. The postal ballot notice was sent to all members whose names appeared on the Register of Members as of the cut-off date, November 28, 2025. M/s. MUFG Intime India Private Limited served as the Registrar and Share Transfer Agent, providing the remote e-voting facility to enable secure electronic voting.

The company published public notices in Financial Express (English) and Mumbai Lakshadeep (Marathi) newspapers on December 03, 2025, informing stakeholders about the postal ballot process. All documentation and proceedings have been uploaded on the company's website and submitted to both BSE Limited and National Stock Exchange of India Limited.

Board Authorization

The resolution also authorized the Board of Directors, including any constituted committee, to take all necessary steps to implement the appointment. The certified true copy of the proceedings was signed by Mehul Vala, Whole-Time Director & CEO (DIN: 08361696), and Mohini Sharma, Company Secretary & Compliance Officer, ensuring proper documentation and regulatory compliance.