Change in Management

28th September, 2026 The Manager, The Manager, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra-Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 BSE Scrip Code: 544320 NSE Symbol: CARRARO Sub.: Intimation of change in Senior Management Personnel (“SMPs”) Ref.: Regulation 30 (read with Part A of Schedule III) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Pursuant to above-mentioned Listing Regulations, this is to inform you that, basis the recommendation of the Nomination and Remuneration Committee, the Board of Directors has taken note and approved the following today, ie., 28th September, 2026: a. Superannuation of Mr. Sanjay Kumar, Director of Manufacturing and consequent cessation as the Senior Management Personnel (SMP) of the Company, to be effective from the close of business hours on Wednesday, 30th September, 2026. b. Appointment of Mr. Dheeraj Kumar Rai as Director of Manufacturing and designate him as the Senior Management Personnel (SMP) of the Company, to be effective from Thursday, 01st October, 2026. The details as required under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are enclosed herewith as Annexure A. We request you to take the above on record. Thanking you, Yours faithfully, For Carraro India Limited Mohith Kumar Khandelwal Company Secretary and Compliance Officer Membership No.: F11243 Encl.: As above. Annexure – A Disclosures as required under Regulation 30 of the SEBI LODR Regulations read with the Master Circular Sr. Particulars Details Details 1. Reason for change Superannuation Appointment viz. appointment, resignation, removal, Mr. Sanjay Kumar, Director Mr. Dheeraj Kumar Rai appointed as death or otherwise of Manufacturing, would be Director of Manufacturing and superannuating from the designated as Senior Management services with effect from the Personnel (SMP) effective from close of business hours on Thursday, 01st October, 2026. Wednesday, 30th September, 2026 and consequently, cease to be the SMP of the Company 2. Date of appointment/ Cessation: effective from Appointment: effective from 01st cessation (as close of business hours on October, 2026. applicable) & term of 30th September, 2026. appointment 3. Brief profile (in case Not Applicable Mr. Dheeraj Kumar Rai holds a of appointment) Bachelor's Degree in Mechanical Engineering from Government Engineering College, Jabalpur and Master of Technology (MTech) from Maulana Azad National Institute of Technology, Bhopal. He was previously associated with Tata Cummins Pvt. ltd., Meritor India, Suzlon Energy Limited and Asia Motor Works. He is responsible for ensuring Manufacturing Operations, the overall equipment effectiveness and operational excellence. 4. Disclosure of Not Applicable Not Applicable relationships between directors (in case of appointment of a director) 5. Disclosure in terms of Not Applicable Not Applicable Regulation 30 read with Clause 7C of Part A of Schedule III of SEBI LODR Regulation