Silverline Technologies Limited has announced the resignation of its Chief Executive Officer, Mr. Srinivasan Sitapati Pattamadai, effective from the close of business hours on December 12, 2025. The company informed BSE Limited of this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The key details of the CEO resignation are outlined below:

Official Communication

The resignation was formally communicated through a letter dated December 12, 2025, addressed to the Board of Directors. In his resignation letter, Mr. Pattamadai requested immediate relief from his duties and asked the company to arrange for submission of necessary forms with the Registrar of Companies.

Mr. Pattamadai confirmed that there are no other material reasons for his resignation beyond those mentioned in his letter. This disclosure aligns with the requirements under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Board Response

The Board of Directors of Silverline Technologies Limited has formally noted the resignation and placed on record its sincere appreciation for Mr. Pattamadai's contribution during his tenure as Chief Executive Officer.

Company Information

Silverline Technologies Limited is incorporated under CIN: L46209MH1992PLC066360 and trades on BSE with scrip code 500389 under the symbol SILVERLINE. The company's registered office is located at Unit No. 509, 5th Floor, Centrum IT Park, Near Satkal Hotel, Wagle Industrial Estate, Thane West 400604.

The resignation notification was signed by Yakinkumar Bansilal Joshi, Managing Director & CFO (DIN: 10745009), ensuring compliance with regulatory disclosure requirements.

Silverline Technologies Limited announced comprehensive changes to its board structure on December 12, 2025, involving multiple appointments and resignations that will reshape the company's leadership composition. The board meeting, held at the company's registered office in Thane, Maharashtra, addressed significant organizational changes across key positions.

New Board Appointments

The board approved two strategic appointments based on recommendations from the Nomination and Remuneration Committee. The following table outlines the new appointments:

Mr. Jaykumar Chavada, a dynamic graduate from Gujarat University, brings a professional approach, commitment to excellence, and problem-solving abilities that contribute significantly to the organization's strategic direction. Ms. Nishaben Manishkumar Patel joins as an experienced professional with a postgraduate degree in commerce. Both appointments are subject to shareholder approval and neither appointee is related to any existing directors of the company.

Leadership Departures

The board simultaneously accepted three resignations, all effective December 12, 2025. The departing members and their positions are detailed below:

Ms. Aarti Singh also held directorships in other listed entities, specifically serving as Non-Executive Independent Director at Magnus Steel And Infra Limited, where she was a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. All resigning members confirmed that no material reasons existed for their departures beyond those mentioned in their resignation letters.

Regulatory Compliance and Documentation

The company filed comprehensive regulatory disclosures pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The formal communication was addressed to BSE Limited at Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai, referencing the company's ISIN INE368A01021, Scrip Code 500389, and Symbol SILVERLINE.

Both new appointees have been declared not debarred from holding director positions by SEBI or any other regulatory authority, as required under BSE Circular No. LIST/COMP/14/2018-19. The regulatory filing was digitally signed by Managing Director CFO Yakinkumar Bansilal Joshi from the company's registered office at Unit No. 509, 5th Floor, Centrum IT Park, Near Satkal Hotel, Wagle Industrial Estate, Thane West 400604.

Committee Reconstitution

Following the board changes, Silverline Technologies reconstituted three key committees effective December 12, 2025: