AAR SHYAM INDIA appoints independent director, accepts resignation

AAR SHYAM INDIA INVESTMENT COMPANY LIMITED has announced changes to its Board of Directors following a meeting held on May 20, 2026. The company appointed Ms. Pooja Manish Pandey as an Additional Director in the category of Non-Executive Independent Director, effective immediately. The appointment is subject to the approval of the company's members in the ensuing General Meeting.

Ms. Pooja Manish Pandey is an Associate member of the Institute of Company Secretaries of India (ICSI) and a Law Graduate from Rizvi Law College, Mumbai University. The company confirmed that she is not debarred from holding the office of director pursuant to any SEBI order or any other authority. She currently holds NIL shares in the company.

Resignation of Independent Director

Simultaneously, the Board took note of the resignation letter received from Ms. Deepa Garg, who served as an Additional Non-Executive Independent Director. Her resignation is effective from the close of business hours on May 19, 2026. In her resignation letter, Ms. Garg cited pre-occupation as the reason for stepping down and confirmed that there were no other material reasons for her departure.

Ms. Deepa Garg holds directorships in other listed entities, including Consecutive Commodities Limited and Patback Business Limited. In these roles, she served as Chairman and member of various committees such as the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee.

Board Approvals

During the meeting, the Board also approved the submission of applications and documents required for the revocation of the suspension in trading of the company's equity shares on The Calcutta Stock Exchange (CSE). The Board authorized Ms. Perla Pavani, Director of the Company, and Key Managerial Personnel to execute the necessary listing agreements and other documents with CSE to facilitate the revocation of suspension and continued listing of the securities.

The following table summarizes the key changes in the company's directorship:

Director Action Effective Date Category Ms. Pooja Manish Pandey Appointment May 20, 2026 Non-Executive Independent Director Ms. Deepa Garg Resignation May 19, 2026 Additional Non-Executive Independent Director

Aar Shyam India Investment Company Limited held a Board of Directors meeting on May 14, 2026, commencing at 04:30 P.M. and concluding at 05:00 P.M. The meeting resulted in notable changes to the company's senior leadership, including a new board-level appointment and the simultaneous resignation of two key personnel, all effective the same date. All disclosures were made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, read with the SEBI Master Circular dated January 30, 2026, and SEBI Circular dated November 11, 2024.

New Appointment: Additional Executive Director and CFO

The board approved the appointment of Ms. Perla Pavani as Additional Executive Director of the company with effect from May 14, 2026, for a tenure of 3 (Three) years. This appointment is subject to the approval of the members of the company at the ensuing General Meeting. In addition, Ms. Perla Pavani was simultaneously appointed as Chief Financial Officer (CFO) of the company, also effective May 14, 2026.

The following table summarises the key details of Ms. Perla Pavani's appointment as disclosed by the company:

Parameter: Details Name: Ms. Perla Pavani Role(s) Appointed: Additional Executive Director & Chief Financial Officer (CFO) Effective Date: May 14, 2026 Tenure (Director): 3 (Three) years, subject to shareholder approval Educational Qualification: Bachelor of Technology (B.Tech) in Computer Science Area of Expertise: Technology, computer applications Relationship with Directors: Not related to any directors of the Company Shares Held in Company: Nil Debarment Status: Not debarred from holding directorship by any SEBI or other authority order

Resignations: Independent Director and CFO

The board also took note of two resignations effective May 14, 2026. Mr. Abhijeet Yashwant Nagrale tendered his resignation as Non-Executive Independent Director, citing personal reasons. Ms. Pushpa Joshi resigned from the position of Chief Financial Officer and Key Managerial Personnel, also citing personal reasons. Both individuals confirmed in their respective resignation letters that there are no other material reasons beyond those stated, in compliance with applicable SEBI regulations.

The following table outlines the details of both departures:

Parameter: Mr. Abhijeet Yashwant Nagrale Ms. Pushpa Joshi Role: Non-Executive Independent Director Chief Financial Officer (CFO) Effective Date of Resignation: May 14, 2026 May 14, 2026 Reason for Resignation: Personal reasons Personal reasons

Committee Roles Vacated by Outgoing Director

Prior to his resignation, Mr. Abhijeet Yashwant Nagrale held chairmanship across multiple board committees at Aar Shyam India Investment Company Limited. His departure vacates the following positions:

Audit Committee – Chairman

Nomination and Remuneration Committee – Chairman

Stakeholder Relationship Committee – Chairman

Regulatory Compliance

The company's Company Secretary and Compliance Officer, Deepak Gautam, signed and submitted the disclosures on May 14, 2026. The board meeting outcome was communicated to BSE Limited and Calcutta Stock Exchange Limited as required under applicable listing regulations.

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