BSEL Algo Ltd — Important, 29-09-2025: Company Update

Date: 29th September, 2025

Dear Sir/Madam,

Sub: : Change in Management

Pursuant to Regulation 30 read with Para A, Part A of Schedule III of the SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015, as amended, and based on the report of the Scrutinizer dated September 29, 2025, we

hereby inform you that the shareholders at the 30th Annual General Meeting (“AGM”) of the Company held on Saturday,

September 27, 2025, have, inter alia, approved the following changes in the Management

1. Appointment of Mr. Mohit Kishor Jain (DIN: 09711698), as Managing Director of the Company for a period of five years.

The requisite details, as mandated under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are

enclosed herewith as Annexure – A.

2. Re-appointment of M/s. Gada Chheda & Co. LLP, Chartered Accountants (FRN: W100059), as Statutory Auditors of the

Company for a period of five (5) consecutive years.

The requisite details, as mandated under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are

enclosed herewith as Annexure – B.

3. Appointment of M/s. Sunita Dube & Associates, Practicing Company Secretaries (Peer Review No. 2462/2022), as

Secretarial Auditors of the Company for a period of five (5) consecutive years.

The requisite details, as mandated under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are

enclosed herewith as Annexure – C.

Yours Sincerely,

For BSEL Algo Limited

Khushbu Desai

Company Secretary & Compliance Officer

M No. A69203

To,

BSE Limited

Listing Department,

Phiroze Jeejeebhoy Towers

Dalal Street; Fort

Mumbai 400 001

Script Code: 532123

ISIN: INE395A01016

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ANNEXURE A

Mr. Mohit Kishor Jain (DIN: 09711698), as Managing Director

Sr.

No.

Particulars Remarks

1. Reason for Change viz. appointment,

reappointment, resignation, removal,

death or otherwise

Appointment

2. Date of Appointment / reappointment /

cessation (as applicable) and term of

appointment / reappointment

The appointment of Mr. Mohit Kishor Jain as the

Managing Director and Key Managerial Personnel of the

Company, for a period of 5 years with effect from 4th

August, 2025 to 3rd August, 2030

3. Brief Profile (in case of appointment)

Mr. Mohit Kishor Jain is an experienced marketing

professional with extensive experience in stock market

analysis, mutual funds, and Portfolio Management

Services (PMS). He has successfully acquired and

advised high net-worth clients, leveraging data driven

strategies to optimize investment portfolios. His core

strengths include digital marketing, brand positioning,

client relationship management and market research. With

a Bachelor's degree in Management Studies from the

University of Mumbai, Mohit is well versed in tools like

Google Analytics, CRM platforms, etc. He also brings

creativity and leadership, demonstrated through content

creation and organizing marketing events during his

academic tenure.

4. Disclosure of relationships between

directors (in case of appointment of a

director)

Mr. Mohit Kishor Jain is not related to any Director or

Key Managerial Personnel of the Company.

5. Information as required pursuant to BSE

circular ref no. LIST/ COMP/ 14/ 2018-

19 and the National Stock Exchange of

India Limited with ref no.

NSE/CML/2018/24, dated June 20, 2018

Mr. Mohit Kishor Jain is not debarred from holding the

office of Director by virtue of any SEBI order or order of

any other such Authority.

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ANNEXURE B

Reappointment of Statutory Auditors of the Company

Sr.

No.

Details of Events that need to be provided Information of such event(s)

1. Reason for Change viz. appointment,

reappointment, resignation, removal, death or

otherwise

The Shareholders of the Company, at 30th Annual

General Meeting held on September 27, 2025, have

approved the reappointment of M/s. Gada Chheda & Co.

LLP, Chartered Accountants (FRN: W100059), as the

Statutory Auditors of the Company for their second term

of five consecutive years commencing from the financial

year 2025-26 till the financial year 2029-30.

2. Date of appointment / reappointment /

cessation (as applicable) and term of

appointment / reappointment

Second term of five consecutive years commencing from

the financial year 2025-26 till the financial year 2029-

30.

3. Brief Profile (in case of appointment)

Gada Chheda & Co. LLP is a peer-reviewed Chartered

Accountancy firm offering auditing, taxation, corporate

law, and outsourcing services across diverse industries

including software, pharmaceuticals, education,

manufacturing, and logistics. With a 15-member team

led by seasoned partners (10–45 years’ experience), the

firm delivers cost-effective, tailored solutions to listed

companies, private entities, LLPs, partnerships, and

trusts, guided by its motto “Growing Together.”

4. Disclosure of relationships between directors

(in case of appointment of a director)

Not Applicable

5. Information as required pursuant to BSE

Circular with ref. no. LIST/ COMP/14/2018-

19 and the National Stock Exchange of India

Ltd with ref. no. NSE/CML/2018/24, dated

June 20, 2018

Not Applicable

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ANNEXURE C

Appointment of Secretarial Auditors of the Company

Sr.

No.

Details of Events that need to be provided Information of such event(s)

1. Reason for Change viz. appointment,

reappointment, resignation, removal, death or

otherwise

The Shareholders of the Company, at 30th Annual

General Meeting held on September 27, 2025, have

approved the appointment of M/s. Sunita Dube &

Associates, Company Secretaries, (Firm Peer Review

No. 2462/2022), as the Secretarial Auditors of the

Company for their first term of five consecutive years

commencing from the financial year 2025-26 till the

financial year 2029-30.

2. Date of appointment / reappointment /

cessation (as applicable) and term of

appointment / reappointment

First term of five consecutive years commencing from

the financial year 2025-26 till the financial year 2029-

30.

3. Brief Profile (in case of appointment)

M/s. Sunita Dube & Associates is a firm of Practicing

Company Secretaries founded in the year 2016. The firm

is primarily engaged in providing professional services

in the field of Corporate Laws, SEBI Regulations

including carrying out Secretarial Audits, Audits and

Compliance Audits for various reputed companies. The

firm is Peer Reviewed and Quality Reviewed by the

Institute of the Company Secretaries of India.

4. Disclosure of relationships between directors

(in case of appointment of a director)

Not Applicable

5. Information as required pursuant to BSE

Circular with ref. no. LIST/ COMP/14/2018-

19 and the National Stock Exchange of India

Ltd with ref. no. NSE/CML/2018/24, dated

June 20, 2018

Not Applicable

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