Change in Auditors

SWARAJ ENGINES LIMITED Works: Plot No.2, Indl. Focal Point, Phase-IX, S.A.S. Nagar Distt. SAS. Nagar (Mohali) (Near Chandigarh) Tel. : 0172-2234941-47, 2234950 02/SP/EXCH 26th June, 2026 BSE Limited National Stock Exchange of India Limited Listing Department Capital Market-Listing, Exchange Plaza, P.J. Towers, 1st Floor, Bandra Kurla Complex, Dalal Street, Fort, Bandra (E), Mumbai - 400 001 Mumbai- 400051 Email: corp.relations@bseindia.com Email: cmlist@nse.co.in Scrip Code: 500407 Scrip Name: SWARAJENG Sub: Outcome of Board Meeting of Swaraj Engines Limited held on 26th June, 2026. Ref: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations") and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD211/3762/2026 dated 30lh January 2026 ("SEBI LODR Master Circular") Dear Sir/Ma'am This is to inform that the Board of Directors of Swaraj Engines Limited ("the Company") at its meeting held today i.e. 26th June, 2026, based on the recommendation of Audit Committee, inter alia, took notel approved the following: - Cessation of Mr. K. N. Vaidyanathan as the Internal Auditor of the Company, with effect from the close of business hours on 30th June 2026, upon conclusion of his term as the Group Chief Internal Auditor of Mahindra and Mahindra Limited, Holding Company. - Appointment of Mr. Vimal Agarwal as the Internal Auditor of the Company with effect from 151 July, 2026, who has been appointed as the Group Chief Internal Auditor of Mahindra and Mahindra Limited, Holding Company, effective 1s1 July, 2026. The Board of Directors placed on record their sincere appreciation and expressed heartfelt gratitude for the valuable contributions made by Mr. K. N. Vaidyanathan during his tenure as the Internal Auditor of the Company. The details as required under the SEBI LODR Master Circular, are attached as "Annexure - A" to this intimation. The meeting of the Board of Directors of the Company commenced at 6:25 P.M. and concluded at 6:40 P.M. This intimation is also being uploaded on the Company's website at www.swarajenterprise.com. You are requested to kindly note the same. This is for your information. Thanking you, Yours Faithfully, For Swaraj Engines Limited (Rajesh K. Kapila) Company Secretary M.No.: ACS-9936 Enel: As above Regd. Office: Industrial Area, Phase IV, S.A.S. Nagar, Mohali, Near Chandigarh-160 055 Tel. : 91-172-2271620-27, Fax: 91-172-2271307 & 2272731 Website: www.swarajenterprise.com CIN - L50210PB1985PLC006473 Annexure A Details of Mr. K. N. Vaidyanathan Sr. Details of Events that need to be Information of such event(s) No. provided a) reason for change viz. a!)!)ointment, Cessation of Mr. K. N. Vaidyanathan as the Internal Auditor of the Fesignation, FemolJal, Eleatl:! OF otherwise Company, with effect from the close of business hours on 30th June 2026, upon conclusion of his term as the Group Chief Internal Auditor of Mahindra and Mahindra Limited, Holding Company. b) date of a!)pointmentl cessation (as Cessation with effect from close of business hours on 30 June a!)!)lisa9Ie~ & teFm of a!)!)ointment; 2026 c) brief profile (in case of appointment); Not Applicable d) disclosure of relationships between Not Applicable directors (in case of appointment of a director); e) Information as required pursuant to Not Applicable SSE Circular with ref. no. LlSTI COMPI 14/2018-19 and the National Stock Exchange of India Ltd with ref. no. NSEI CMU 2018/24, dated 20 th June, 2018. Details of Mr. Vimal Agarwal Sr. Details of Events that need to be Information of such event(s) No. provided a) reason for change viz. appointment, Appointment of Mr. Vimal Agarwal as the Internal Auditor of the FesiSRatisR, FeFRs~'al, Eleatt:l SF slt:leF\vise Company with effect from 1 st July 2026. b) date of appointment! sessatisR (as Appointment is effective from 1 July 2026. al3l3lisaele) & teFFR sf al3l3SiRtFReRt; c) brief profile (in case of appointment); Mr. Vimal Agarwal is a Chartered Accountant and MBA with 25 years of experience in finance, governance, and business strategy across multinational corporations and listed Indian entities. He is recognized for strengthening governance frameworks, enhancing internal controls, and enabling Boards and leadership teams in shaping and executing growth strategies. During his tenure at PepsiCo India, Mr. Agarwal advanced through multiple leadership roles, driving financial operations, planning & analvtics, and supply chain finance while embedding strong internal controls and governance practices. After joining Mahindra Lifespaces as CFO, he had partnered with business leaders to scale sales, increase market capitalization while leading fundr aising, digitalization, and private equity [oint ventures. As CFO of Mahindra Holidays & Resorts, over the last 2 years, he has enabled a comprehensive growth strategy and leveraged his expertise in financial planning, investor relations, and performance optimization. d) disclosure of relationships between Not Applicable directors (in case of appointment of a director); e) Information as required pursuant to Not Applicable BSE Circular with ref. no. LlSTI COMPI 14/2018-19 and the National Stock Exchange of India Ltd with ref. no. NSEI CMU 2018/24, dated June, 2018.