Hardcastle & Waud Manufacturing Company Ltd — Updates, 12-08-2025: Company Update

Hardcastle & Waud Manufacturing has announced board resolutions impacting its leadership and governance. Mr. Manekchand Panda is appointed as an Independent Director for five years, effective August 12, 2025, and will reconfigure key board committees. Mr. Banwari Lal Jatia, currently the Managing Director, will be redesignated as an Executive Director for five years from April 1, 2026, transitioning from his MD role. Additionally, Mr. Pravedkumar Dubey is appointed as Manager from April 1, 2026. The company also appointed M/s SKJP & Associates as Secretarial Auditors. All these significant changes are subject to shareholder approval, signaling a strategic evolution in the company's executive and oversight structure.