Sugs Lloyd Limited has announced the resignation of a senior management personnel, effective January 10, 2026. The company informed the stock exchanges about this corporate development in compliance with regulatory requirements.

Senior Management Personnel Departure

Mr. Akhilesh Kumar Anand, who served as General Manager-Business Development and was designated as Senior Management Personnel (SMP) of the company, has tendered his resignation effective from the close of business hours on January 10, 2026. The resignation letter was submitted on January 09, 2026.

Regulatory Compliance and Disclosure

The announcement was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details as required under the regulatory framework, including SEBI Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Sugs Lloyd Limited has confirmed that there are no other material reasons for Mr. Anand's departure from the Senior Management Personnel position. The company emphasized that this change does not reflect any concerns or issues relating to the company's performance, conduct, or operations.

Corporate Communication

The formal intimation was signed by Nimmy Singh Chauhan, Company Secretary and Compliance Officer, and submitted to the Listing Operation Department of BSE Limited. The company has enclosed the original resignation letter as part of the regulatory filing to ensure complete transparency.

In his resignation letter, Mr. Anand expressed appreciation for the support and opportunities received during his tenure at Sugs Lloyd Limited, describing his experience as valuable and enriching while acknowledging the opportunity to contribute to the organization's growth and success.

Sugs Lloyd Limited shareholders unanimously approved four key resolutions through postal ballot, including significant leadership restructuring with 100% votes in favor across all proposals.

The company announced the results on December 19, 2025, following the completion of the e-voting period that concluded on December 18, 2025. The postal ballot was conducted in compliance with Section 110 of the Companies Act, 2013, and relevant MCA circulars.

Leadership Restructuring Receives Unanimous Support

The postal ballot, conducted exclusively through electronic voting via KFin Technologies Limited, addressed significant changes in the company's leadership structure. All four resolutions received 100% approval from participating shareholders, demonstrating strong confidence in the proposed organizational changes.

Key Executive Changes Approved

The approved resolutions encompass substantial changes in the executive structure:

• Mr. Kapil Dev Marwah (DIN: 08739679) will transition from Whole-time Director to Executive Director
• Mrs. Priti Shah (DIN: 06553013) will change her role from Managing Director to Whole-time Director
• Mr. Santosh Kumar Shah (DIN: 02248087) will be elevated from Non-Executive Director to Managing Director as well as Executive Chairman of the company
• The appointment of a secretarial auditor was also approved to strengthen corporate governance

Voting Process and Participation

The e-voting facility was made available to 1,998 shareholders on record as of the cut-off date of November 14, 2025. The voting period commenced on November 19, 2025, at 9:00 AM IST and concluded on December 18, 2025, at 5:00 PM IST. Mr. Pramod Prasad Kothari, Practicing Company Secretary, served as the scrutinizer to ensure a fair and transparent voting process.

Regulatory Compliance and Documentation

The postal ballot process was conducted in accordance with Section 110 of the Companies Act, 2013, and various MCA circulars. The company ensured full compliance with Regulation 44(3) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Physical ballots were not dispatched in line with MCA circulars, with all voting conducted electronically.

The unanimous approval across all resolutions reflects strong shareholder alignment with the company's strategic direction and confidence in the proposed leadership structure. The results have been duly communicated to BSE Limited, where the company trades under scrip code 544501.