Ampvolts Ltd — Important, 25-10-2025: Company Update

Ampvolts Limited announced the resignation of Independent Director Mr. Jaydeep Mehta. The company's statement alleges Mr. Mehta breached confidentiality by sharing internal governance communications with external, unauthorized parties. Furthermore, his law firm was found to be professionally connected with shareholders who were actively making allegations against Ampvolts, a material association that was not disclosed. The company views this conduct as inconsistent with an Independent Director's duties and has initiated corrective measures, reserving its right to pursue legal and regulatory actions against Mr. Mehta.