Austin Engineering Company Ltd — Important, 20-05-2026: Company Update

Austin Engineering Company Limited announces the resignation of Mr. Jagdishchandra Bhagwanjibhai Jagani as an Independent Director. He cited pre-occupancy as the reason for his departure, confirming no other material factors. His resignation became effective from the close of business. Consequently, he also ceases to be a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. The board has acknowledged his resignation and will complete the necessary formalities, impacting the board's independent oversight and committee composition.