Hardcastle & Waud Manufacturing Company Ltd — Important, 22-09-2025: Company Update

Hardcastle & Waud Manufacturing Company Limited announced that Mr Vimal Chand Kothari has ceased to be an Independent Director. His first term of appointment concluded, and he opted not to continue for a second term citing age considerations. This change affects the composition of the company's Board of Directors, bringing a shift in independent oversight and governance structure. The company confirmed there were no other material reasons for his departure.