Outcome of Board Meeting

6th November, 2026 BSE Limited National Stock Exchange of India Limited Department of Corporate Services Listing Department Phiroze Jejeebhoy Towers Exchange Plaza Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East), Mumbai 400 051 Scrip Code: 500575 NSE Symbol: VOLTAS Dear Sirs, Sub: Outcome of Board Meeting - Change in Directors Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), it is hereby informed that the Board of Directors (Board) of the Company, at its Meeting held today, i.e., 6th November 2026, inter alia, considered, noted and approved the following: 1. Retirement of Mr. Noel N. Tata as the Chairman of the Company Pursuant to the Tata Group Governance Guidelines adopted by the Company, Mr. Noel N. Tata (DIN: 00024713) shall retire from the office of Chairman and Director of the Company with effect from the close of business hours on 11th November, 2026, upon attaining the age of superannuation prescribed thereunder. Mr. Tata has been associated with Voltas since 2003. Mr. Tata's association with Voltas has been marked by distinguished leadership and unwavering commitment to the Company's progress. His strategic insights and guidance have played a key role in shaping the Company's growth trajectory, strengthening its market position and fostering sustainable value creation. The Board expresses its heartfelt appreciation and gratitude for Mr. Tata's distinguished service and invaluable contributions to Voltas. The Board has appointed him as Chairman Emeritus of the Company with effect from 12th November, 2026. 2. Appointment of Mr. Sunil Alaric D’Souza as the Chairman of the Company The Board has appointed Mr. Sunil Alaric D’Souza (DIN: 07194259) as Chairman of the Company with effect from 12th November, 2026. 3. Managing Director Transition at Voltas | May 2027 Mr. Mukundan Menon C.P. (DIN: 09177076), Managing Director of the Company, will complete his tenure as Managing Director on 24th May, 2027 and retire from the services of the Company on that date in line with the Tata Group’s retirement policy for Executive Directors. Corporate Management Office Registered Office Voltas House 'A’ Dr Babasaheb Ambedkar Road Chinchpokli Mumbai 400 033 India Tel 91 22 66656290 66656258 e-mail shareservices@voltas.com website www.voltas.in Corporate Identity Number L29308MH1954PLC009371 As part of a planned succession process, the Board, based on the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Mr. Jayant Balan (DIN: 03480708), currently Head - Room Air Conditioner Business, as an Additional Director and Managing Director of the Company for a term of five years commencing from 25th May, 2027, subject to the approval of the shareholders. To ensure continuity and a seamless leadership transition, Mr. Balan has been redesignated as Head – Room Air Conditioner Business and Managing Director Designate until his appointment as Managing Director takes effect on 25th May, 2027. 4. Appointment of Mr. Venkatesalu Palaniswamy as the Director of the Company The Board has, based on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Mr. Venkatesalu Palaniswamy (DIN: 02190892) as an Additional Director (Non-Independent Non-Executive), with effect from 12th November, 2026. The relevant details for aforesaid matters as required under Regulation 30 of the SEBI Listing Regulations read with the applicable SEBI Circular are provided in Annexure A. The above information will also be made available on the website of the Company at www.voltas.in. The Board Meeting commenced at 11.00 a.m. and concluded at 4.15 p.m. Thanking you Yours faithfully, For VOLTAS LIMITED Ratnesh Rukhariyar Company Secretary & Compliance Officer Encl: a/a Corporate Management Office Registered Office Voltas House 'A’ Dr Babasaheb Ambedkar Road Chinchpokli Mumbai 400 033 India Tel 91 22 66656290 66656258 e-mail shareservices@voltas.com website www.voltas.in Corporate Identity Number L29308MH1954PLC009371 Annexure A Details as required under Regulation 30 of the SEBI Listing Regulations read with the applicable SEBI Circular Particulars Mr. Noel N. Tata Mr. Sunil Alaric Mr. Mukundan Menon Mr. Jayant Balan Mr. Venkatesalu D’Souza C.P. Palaniswamy Reason for change Retirement of Mr. Change in designation / Mr. Mukundan Menon C.P., Appointment of Mr. Jayant Appointment of Mr. (viz. appointment, Noel N. Tata as a Appointment of Mr. Managing Director of the Balan, as Additional Venkatesalu Palaniswamy resignation, removal, Director and Sunil Alaric D’Souza Company, will complete his Director and Managing as an Additional Director death or otherwise) Chairman of the as the Chairman of the tenure as Managing Director Director of the Company, (Non-Independent Non- Company. Company. on 24th May, 2027 and retire for a period of five years, Executive) of the Company from the services of the effective 25th May, 2027, Company on that date in line subject to the approval of with the Tata Group’s the shareholders. retirement policy for Executive Directors. Date of appointment / With effect from close With effect from 12th Completion of tenure and Additional Director and Additional Director with re-appointment / of business hours on November, 2026. retirement on 24th May, Managing Director effect from 12th November, cessation (as 11th November, 2026. 2027. effective 25th May, 2027. 2026. applicable) Term of appointment / Not applicable Not applicable Not applicable Additional Director w.e.f. As required under the SEBI re-appointment 25th May, 2027. Also Listing Regulations, the Managing Director for a appointment of Mr. term of five years Venkatesalu Palaniswamy commencing from 25th as a Director of the May, 2027. Company, liable to retire by Corporate Management Office Registered Office Voltas House 'A’ Dr Babasaheb Ambedkar Road Chinchpokli Mumbai 400 033 India Tel 91 22 66656290 66656258 e-mail shareservices@voltas.com website www.voltas.in Corporate Identity Number L29308MH1954PLC009371 Particulars Mr. Noel N. Tata Mr. Sunil Alaric Mr. Mukundan Menon Mr. Jayant Balan Mr. Venkatesalu D’Souza C.P. Palaniswamy rotation, would be placed before the shareholders for their approval within three months from the effective date of his appointment. Brief profile (in case Not applicable Not Applicable. Not applicable Enclosed separately with Enclosed separately with of appointment) this letter. this letter. Disclosure of Not applicable Mr. Sunil Alaric Not applicable Mr. Jayant Balan is not Mr. Venkatesalu relationships between D’Souza is an existing related to any Director of Palaniswamy is not related Directors (in case of Director on the Board the Company to any Director of the appointment of a of the Company. He is Company. director) not related to any other Director of the Company. Information as Not applicable Mr. Sunil Alaric Not applicable Mr. Jayant Balan is not Mr. Venkatesalu required pursuant to D’Souza is not debarred from holding the Palaniswamy is not BSE Circular no. debarred from holding office of the Director by debarred from holding the LIST/COMP/14/2018- the office of the virtue of any SEBI Order or office of the Director by 19 and NSE Circular Director by virtue of any other such authority. virtue of any SEBI Order or Ref No. any SEBI Order or any any other such authority. NSE/CML/2018/24 other such authority. dated June 20, 2018 Corporate Management Office Registered Office Voltas House 'A’ Dr Babasaheb Ambedkar Road Chinchpokli Mumbai 400 033 India Tel 91 22 66656290 66656258 e-mail shareservices@voltas.com website www.voltas.in Corporate Identity Number L29308MH1954PLC009371 Brief Profile: Mr. Jayant Balan Mr. Jayant Balan is a Mechanical Engineer and PGDM from SP Jain Institute of Management & Research. Mr. Balan joined the Tata Group in 1999 as part of the Tata Administrative Service and moved to Voltas in 2001. Ove [Showing first 8,000 characters — download PDF for full document]