Explicit Finance Ltd — Important, 19-11-2025: Company Update

The company has announced the resignation of Independent Director Mr. Pushparaj Mayekar, effective November 14, 2025, after market close. The company stated his pre-occupancy as the reason for his departure, with no other material reasons cited. This change impacts the board's independent oversight and overall governance structure. Mr. Mayekar does not hold director positions in other listed entities.