Dabur India Completes Shareholder and Creditor Meetings for Sesa Care Amalgamation Scheme

Dabur India Limited has successfully conducted mandatory meetings of equity shareholders and unsecured creditors on May 02, 2026, as part of the proposed Scheme of Amalgamation with Sesa Care Private Limited. The meetings were held pursuant to the National Company Law Tribunal (NCLT) order dated March 12, 2026, marking a significant step in the corporate restructuring process.

Meeting Structure and Leadership

Both meetings were conducted through video conferencing and other audio-visual means, reflecting modern corporate governance practices. Dr. Shashank Saksena, appointed by the Hon'ble NCLT as Chairperson, presided over both sessions, while Mr. Pratish Sinha (Advocate) served as the NCLT-appointed Scrutinizer.

Meeting Details: Information Date: May 02, 2026 Equity Shareholders Meeting: 11:00 A.M. to 12:15 P.M. (IST) Unsecured Creditors Meeting: 01:00 P.M. to 01:43 P.M. (IST) Format: Video Conferencing/Audio-Visual Means Chairperson: Dr. Shashank Saksena Scrutinizer: Mr. Pratish Sinha (Advocate)

E-Voting Arrangements

Dabur India facilitated comprehensive voting arrangements for all stakeholders through the National Securities Depository Limited (NSDL) platform. The remote e-voting facility was available from Tuesday, April 28, 2026 at 09:00 A.M. (IST) until Friday, May 01, 2026 at 05:00 P.M. (IST).

During the meetings, stakeholders who had not participated in remote e-voting were provided additional opportunities to cast their votes electronically. The e-voting platform remained accessible throughout each meeting and for 30 minutes following their conclusion.

Meeting Proceedings

Both meetings experienced initial delays due to quorum requirements, with each session being adjourned for 30 minutes before proceeding once the requisite quorum was confirmed. Mr. Saket Gupta, Company Secretary, introduced the Directors and Key Managerial Personnel present at the meetings.

Stakeholders were briefed on the salient features of the amalgamation scheme and the purpose of the meetings. The equity shareholders meeting included a session where registered speakers could express views, ask questions, and seek clarifications on the scheme, with management providing appropriate responses.

Amalgamation Background

The proposed Scheme of Amalgamation involves Sesa Care Private Limited as the Transferor Company and Dabur India Limited as the Transferee Company. The scheme is being implemented under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, along with the rules made thereunder.

Regulatory Compliance

The meetings were conducted in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ashok Kumar Jain, Group Company Secretary and Chief Compliance Officer, signed the proceedings summaries, ensuring proper documentation and regulatory adherence.

The completion of these meetings represents a crucial milestone in the amalgamation process, with the proceedings now forming part of the formal record for the proposed corporate restructuring between the two entities.

Dabur India Ltd. has announced significant changes in its senior management personnel, with the resignation of Ms. Isha Lamba as Head-Investor Relations & M&A and the appointment of Mr. Rahul Sarawagi as Additional General Manager - IR & M&A. The Board of Directors approved these decisions on April 27, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Management Transition Details

Ms. Isha Lamba submitted her resignation on February 4, 2026, which has been formally accepted by the company. Her resignation from the position of Head-Investor Relations & M&A will be effective from the close of business hours on May 1, 2026. The company confirmed the acceptance through an official communication dated April 27, 2026.

Mr. Rahul Sarawagi has been appointed as Additional General Manager - IR & M&A in the category of Senior Management Personnel, with effect from April 28, 2026, upon the recommendation of the Nomination & Remuneration Committee.

Profile of New Appointee

Mr. Rahul Sarawagi is a Chartered Accountant from the Institute of Chartered Accountants of India (2008), bringing over 18 years of extensive experience across the finance function. His professional journey includes roles at leading organizations such as PwC, Goldman Sachs, ICICI Bank, Reliance Industries, and Dabur India. He most recently served as Chief Financial Officer at Ace International Ltd.

In his earlier role as Head – Treasury at Dabur India, he demonstrated strong leadership in driving capital efficiency, optimizing funding structures, and executing complex financial strategies. Mr. Sarawagi possesses deep expertise in capital markets, foreign exchange management, and structured financing, with a proven ability to support board-level decision-making through robust financial insights, governance, and risk management practices.

Regulatory Compliance and Documentation

The company has filed the requisite disclosures under reference SEC/SE/2026-27 dated April 28, 2026, with both BSE Ltd. and National Stock Exchange of India Ltd. The formal documentation includes detailed annexures outlining the appointment and resignation particulars, ensuring full compliance with SEBI regulations.

Particulars: Mr. Rahul Sarawagi (Appointment) Ms. Isha Lamba (Resignation) Position: Additional General Manager - IR & M&A Head-Investor Relations & M&A Effective Date: April 28, 2026 May 1, 2026 (close of business hours) Category: Senior Management Personnel Senior Management Personnel Reason: Strategic appointment for IR & M&A leadership Personal resignation submitted February 4, 2026

The information regarding these management changes is available on the company's website at www.dabur.com , ensuring transparency and accessibility for all stakeholders.

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