Cessation of Maj Gen Dr. Dilawar Singh (Retd) and Mr. Satish Chand Mathur as Independent Directors of the Company upon completion of their second term with effect from the close of business hours on October 30, 2026.

October 30, 2026 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block-G, Dalal Street, Bandra-Kurla Complex, Bandra (East), Mumbai 400001 Mumbai-400 051 Scrip Code: 507205 Symbol: TI Sub : Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) - Outcome of the Board Meeting Dear Sir/Madam, The Board at its Meeting held today i.e. Friday, October 30, 2026, has inter-alia: 1. Considered and approved the Unaudited Financial Results (Consolidated and Standalone) of the Company for the quarter and half year ended September 30, 2026 along with the limited review reports thereon submitted by M/s. Harshil Shah & Company, Statutory Auditors of the Company. 2. Based on the recommendation of the Nomination and Remuneration Committee (NRC), considered and approved the appointment of Lt. Gen Shailesh Tinaikar (Retd) (DIN: 11992935) as an Additional Independent Director of the Company for a period of 3 years commencing from October 30, 2026 till October 29, 2029 (both days inclusive), subject to the approval of the Members within 3 months from the date of appointment. 3. Based on the recommendation of the NRC, considered and approved the appointment of Mr. Sanjay Saxena (DIN:09210552) as an Additional Independent Director of the Company for a period of 3 years commencing from October 30, 2026 till October 29, 2029 (both days inclusive), subject to the approval of the Members within 3 months from the date of appointment. The details of appointment of Lt. Gen Shailesh Tinaikar (Retd) and Mr. Sanjay Saxena pursuant to SEBI Listing Regulations read with Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are enclosed as Annexure A. 4. Noted the cessation of Maj Gen Dr. Dilawar Singh (Retd.) (DIN: 08216047) as an Independent Director of the Company with effect from the close of business hours on October 30, 2026, upon completion of his second consecutive term. Consequently, he has also ceased to be Chairman of the Stakeholders Relationship Committee and the NRC and as a member of the Audit Committee. 5. Noted the cessation of Mr. Satish Chand Mathur (DIN: 03641285) as an Independent Director of the Company with effect from the close of business hours on October 30, 2026 upon completion of his second consecutive term. The Board of Directors and the Management of the Company place on record their appreciation for the valuable contributions and guidance provided by Maj Gen Dr. Dilawar Singh (Retd) and Mr. Satish Chand Mathur during their respective tenures and association with the Company. The details of cessation of Mr. Satish Chand Mathur and Maj Gen Dr. Dilawar Singh (Retd) as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed as Annexure B. 6. Reconstituted the Committees of the Board of Directors with effect from October 31, 2026, consequent upon the completion of the second consecutive term of Maj Gen Dr. Dilawar Singh (Retd.) and Mr. Satish Chand Mathur and induction of Lt. Gen Shailesh Tinaikar (Retd) and Mr. Sanjay Saxena as Independent Directors of the Company. Consequent upon the aforesaid reconstitution, the composition of the Committees of the Board of Directors of the Company, with effect from October 31, 2026, shall be as follows: 1. Audit Committee Sr. No. Name of the Director Designation in the Committee 1. Mr. J.K. Shivan Chairman 2. Lt. Gen Shailesh Tinaikar (Retd) Member 3. Ms. Swapna Shah Member 4. Ms. Bhumika Batra Member 2. Nomination and Remuneration Committee Sr. No. Name of the Director Designation in the Committee 1. Lt. Gen Shailesh Tinaikar (Retd) Chairman 2. Mr. J. K. Shivan Member 3. Ms. Swapna Shah Member 3. Stakeholders Relationship Committee Sr. No. Name of the Director Designation in the Committee 1. Mr. Sanjay Saxena Chairman 2. Mr. Amit Dahanukar Member 3. Mr. J.K. Shivan Member 4. Risk Management Committee Sr. No. Name of the Members Designation in the Committee 1. Mr. Amit Dahanukar Chairman 2. Ms. Shivani Amit Dahanukar Member 3. Mr. J. K. Shivan Member 4. Mr. Anil Singal Member (Deputy Chief Financial Officer) The Meeting of the Board commenced at 2.15 P.M. and concluded at 4.45 P.M. The outcome of the Board Meeting shall also be available on the website of the Company i.e. www.tilind.com Kindly take the same on your record. For Tilaknagar Industries Ltd. Minuzeer Bamboat Company Secretary & Compliance Officer M. No. 73014 Encl: a/a ANNEXURE A: BRIEF PARTICULARS OF THE APPOINTMENT OF THE INDEPENDENT DIRECTORS Particulars Details Details Lt. Gen Shailesh Sadashiv Mr. Sanjay Saxena Name of the 1. Tinaikar (Retd) Director (DIN: 11992935) (DIN: 09210552) Appointment of Lt. Gen Appointment of Mr. Sanjay Shailesh Sadashiv Tinaikar Saxena (DIN: 09210552) as (Retd) (DIN: 11992935) as an an Additional Non-Executive Reason for Additional Non-Executive Independent Director for a 2. change viz. Independent Director for a term of 3 years commencing appointment term of 3 years commencing from October 30, 2026 till from October 30, 2026 till October 29, 2029, subject to October 29, 2029, subject to the approval of the approval of shareholders. s hareholders. Date of Appointment with effect from Appointment with effect appointment & 3. October 30, 2026 from October 30, 2026 term of appointment 4. Brief profile Refer Note no. 1 R efer Note no. 2 Disclosure of relationship Lt. Gen Tinaikar is not related Mr. Saxena is not related to between to any Director(s) of the any Director(s) of the Directors (in case Company. Company. of appointment of a director) Information as required Lt. Gen Tinaikar is not Mr. Saxena is not debarred pursuant to BSE debarred from holding the from holding the office of Circular with ref. office of Director by virtue of 6. Director by virtue of any no. any SEBI order or any other SEBI order or any other LIST/COMP/14/ such authority. s uch authority. 2018-19 dated June 20, 2018 Note no. 1: Lt. Gen Shailesh Tinaikar (Retd) is a distinguished global executive with nearly four decades of leadership experience across the Indian Army, the United Nations and international humanitarian organisations. He has successfully led large, complex and geographically dispersed organisations in highly regulated, politically sensitive and multicultural environments, consistently delivering strategic outcomes through sound governance, disciplined execution and principled leadership. His career uniquely combines executive leadership, corporate governance, enterprise risk management, organisational transformation, human capital development, public policy, international diplomacy and geopolitical assessment. As Assistant Secretary- General and Force Commander of the United Nations Mission in South Sudan (UNMISS), he exercised executive leadership over one of the United Nations' largest peacekeeping operations, directing approximately 17,000 multinational personnel drawn from numerous countries while working with governments, diplomatic missions, multilateral organisations and humanitarian agencies to implement United Nations Security Council mandates. Following retirement from the Indian Army, he served as Strategic Consultant to UNHCR – The UN Refugee Agency (November 2022 – April 2025), advising on governance, humanitarian policy, stakeholder engagement and durable solutions for long-standing refugee situations in partnership with the Government of India and State Governments. Note no. 2 Mr. Sanjay Saxena, is a retired IPS and is a distinguished former Director General of Police with more than three decades of leadership experience in policing, national and internal security, intelligence-led law enforcement, economic offences investigations, public policy, corporate security and government administration. Mr. Saxena has held several [Showing first 8,000 characters — download PDF for full document]