Change in Management

SGL- 17/Sec/2026-27 13th July, 2026 National Stock Exchange of lndia Limited BSE Limited Exchange Plaza, 5th Floor 1st Floor Plot No.C-1, Block G New Trading Ring, Rotunda Building Bandra-Kurla Complex P J Towers, Dalal Street Bandra (E), Fort, Mumbai - 400 051 Mumbai - 400 001 Stock Code: SHANTIGEAR Stock Code: 522034 Through NEAPS Through BSE Listing Centre Dear Ma’am / Sir, Sub: Appointment of Interim Chief Financial Officer Further to our letter dated 08th June 2026, we inform you that Mr. Sudhir R, who was appointed as Chief Financial Officer (“CFO”) has expressed his inability to join the Company due to personal reasons. At the meeting of the Board of Directors held on 13th July 2026 i.e., today, Mr. Sukanta Kumar Panigrahi, has been appointed as the Interim Chief Financial Officer with immediate effect, to hold office till the time the regular CFO has been identified and taking charge, as such. Further, the detailed disclosure as required under Regulation 30 is enclosed as Annexure - I. Authorization of Key Managerial Persons for the purpose of determining materiality of events or information and making disclosures to the Stock Exchange(s) Pursuant to regulation 30(5) of the SEBI Listing Regulations, we wish to inform you that following persons of the Company are authorised for the purpose of determining materiality of events or information and making disclosures to the Stock Exchange(s) with immediate effect. S.No Name of the KMP Designation Contact Details 304 – A, Trichy Road, Singanallur, Whole time 1 Mr. M Karunakaran Director & CEO Coimbatore – 641 005 Telelphone: 0422-4545745 Company 2 Mr. Walter Vasanth P J Secretary Email id: waltervasanthpj@shanthigears.murugappa.com The Board meeting commenced at 10.45 AM and concluded at 11.10 AM This is for your kind information and records. Thanking you, Yours faithfully, For Shanthi Gears Limited Walter Vasanth P J Company Secretary & Compliance Officer Annexure – I Details required as per SEBI Circular No. SEBI/ HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026 Appointment of Mr. Sukanta Kumar Panigrahi as Interim Chief Financial Officer of the Company Disclosure Requirements Details a) Reason for the change viz, Appointment of Mr. Sukanta Kumar Panigrahi as Interim Chief appointment, resignation, Financial Officer of the Company removal, death or otherwise. b) Date of appointment / Appointment made with immediate effect cessation (as applicable) & Term: Not Applicable term of appointment. c) Brief profile (in case of Mr. Sukanta Kumar Panigrahi is a qualified Chartered Accountant appointment) and a Company Secretary with 18 years of experience in experience in Finance, Treasury, Fund Raising, Budgeting, Cost Reduction Initiatives & Business Process Improvement. He is currently associated with Tube Investments of India Limited (Holding Company) and earlier was associated with River Mobility Private Limited, Ford Motors Private Limited and BNY Mellon in various financial positions. d) Disclosure of relationships Not Applicable between Directors (in case of appointment of a Director)