MM Forgings Limited — Important, 03-02-2025: General Updates

The Board of Directors has approved a proposal to obtain shareholder consent for the appointment of Smt. Shyamala S as a Non-Executive Independent Director for a five-year term starting March 31, 2025. This will be conducted via a Postal Ballot, with the notice being sent electronically to eligible shareholders. The cut-off date to determine voting eligibility is set for February 7, 2025. This strategic move may enhance governance and bring new insights to the board, potentially benefiting the company's operations and investor perception.