General Updates

Date: 04th August,2026 To To, The Manager-Listing Compliance Manager - Listing Compliance BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers ‘Exchange Plaza’. C-1, Block G, Dalal Street Bandra Kurla Complex, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 543989 Scrip Code: KALAMANDIR Dear sir/madam, Sub: Corrigendum to the Notice of 18th Annual General Meeting of the Company to be held on August 10, 2026. Ref: Our intimation dated July 17, 2026 relating to Notice of 18th Annual General Meeting and Annual Report of the Company for the FY ended March 31, 2026. In continuation to our earlier intimation dated July 17, 2026, we are submitting herewith the Corrigendum to the Notice of 18th Annual General Meeting (‘AGM’) of the Members of the Company scheduled to be held on Monday, August 10, 2026 at 11.30 A.M. (AGM Notice) through Video Conference/Other Audio- Visual Means in accordance with the applicable circulars issued by Ministry of Corporate Affairs (‘MCA’) and the Securities and Exchange Board of India (‘SEBI’). It may be noted that, upon perusal, we have noticed that the draft resolution laid at Item No.5 does not specify the maximum tenure of appointment of the CEO. Similarly, the draft resolution laid at Item No.7 does not specify the maximum tenure for which the commission shall be payable to the Independent Directors. The said Corrigendum seeks to specify the maximum tenure by carrying out requisite alterations to the draft resolutions laid at Item No.5 and Item No.7 in the said AGM Notice and the corresponding Explanatory Statements forming part thereof. In other words, the revised draft resolutions and the Explanatory Statements shall supersede the draft resolutions and the Explanatory Statements as originally laid in the AGM Notice and be proposed / placed before the members seeking their dissent / assent by way of e voting. The revised draft resolutions along with corresponding Explanatory Statements, enclosed as Annexure 1 and 2 hereto, shall form an integral part of the AGM Notice. All other contents of the AGM Notice save and except as revised in the manner and extent stated above, by this Corrigendum, shall remain unchanged. The Corrigendum is being dispatched to the Members by electronic means on the email addresses registered with the Depository Participant(s)/ Company/ the Registrar and Share Transfer Agents of the Company. Copy of this Corrigendum will also be available on the website of the Company at www.sskl.co.in This is for your information and records For Sai Silks (Kalamandir) Limited M.K.Bhaskara Teja Company Secretary & Compliance Officer M.No A39542 Corrigendum Notice of 18thAnnual General Meeting (AGM) scheduled to be held on Monday, August 10, 2026 at 11.30 A.M. (IST) through Video Conferencing (‘VC’) / Other Audio Visual Means (“OAVM”).) Annexure-1 Item No. 5: Appointment of Mr. Bharadwaj Rachamadugu as Chief Executive Officer (CEO) of the Company To consider and, if thought fit, to pass the following resolution, as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Sections 188 and other applicable provisions, if any, of the Companies Act, 2013 read with the Rules made thereunder, applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company’s Policy on Related Party Transactions, Nomination and Remuneration Policy, the appointment of Mr. Bharadwaj Rachamadugu, a related party within the meaning of Section 2(76) of the Companies Act, 2013, being the son-in-law of the Managing Director of the Company, to the office of Chief Executive Officer (CEO) of the Company, a Key Managerial Personnel under Section 2(51) read with Section 203 of the Companies Act, 2013, by the Board of Directors on the recommendation of Nomination and Remuneration Committee and Audit Committee, for a period of 5 Years with effect from May 12, 2026, at a remuneration of ₹5,00,000 (Rupees Five Lakhs only) per month, be and is hereby approved.” “RESOLVED FURTHER THAT the Board of Directors of the Company (including any Committee thereof) be and is hereby authorized to alter, vary, revise or modify the terms and conditions of appointment and remuneration payable to Mr. Bharadwaj Rachamadugu, from time to time, within the limits permissible under applicable law and in accordance with the policies of the Company.” “RESOLVED FURTHER THAT Mr. Kalyan Srinivas Annam, Whole-time Director, and/or any Key Managerial Personnel of the Company, be and are hereby severally authorized to do all such acts, deeds, matters and things, and to execute all such documents, filings, forms and writings as may be deemed necessary, proper or expedient to give effect to this resolution.” EXPLANATORY STATEMENT Item no. 5: Appointment of Mr. Bharadwaj Rachamadugu as Chief Executive Officer (CEO) of the Company: The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee and the Audit Committee, at its meeting held on May 12, 2026, appointed Mr. Bharadwaj Rachamadugu as Chief Executive Officer (CEO) of the Company with effect from May 12, 2026, for a period of 5 Years at a remuneration of ₹ 5,00,000 (Rupees Five Lakhs only) per month subject to approval of the members. Mr. Bharadwaj Rachamadugu is presently serving as Senior Vice President of the Company and has been associated with the Company for over 8 years. He is a seasoned business leader with more than 11 years of experience across retail, finance, and textile sector. He possesses strong expertise in business operations, strategic planning, merchandising, supply chain management, sales growth, investor relations, and organizational leadership. A key highlight of his tenure has been his leadership role in the Company’s Initial Public Offering (IPO), wherein he played a central role in driving the end-to-end IPO process, including coordination with investment bankers, institutional investors, analysts, and advisors. He continues to oversee the Company’s investor relations function and engagement with stakeholders while ensuring high standards of governance and transparency. Mr. Bharadwaj Rachamadugu holds a degree in Computer Science Engineering and an MBA in Finance from the University of Massachusetts, USA. He has also been instrumental in strengthening the Company’s retail operations, e-commerce vertical, digital transformation initiatives, marketing strategy, and operational efficiencies across geographies. The Board believes that his leadership capabilities, deep understanding of the Company’s business model, strategic vision, and long-standing association with the Company will further strengthen the Company’s leadership and support its future growth plans Members may note that Mr. Bharadwaj Rachamadugu is son in law of Mr. Nagakanaka Durga Prasad Chalavadi (DIN 01929166), Managing Director of the Company, and thus qualifies as a related party under the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Accordingly, the proposed appointment along with remuneration constitutes an appointment to an office or place of profit under Section 188 of the Companies Act, 2013. The proposed remuneration is commensurate with his qualifications, experience, responsibilities, and the size and operations of the Company. Pursuant to the provisions of Section 188 of the Act read with Rule 15(3) of Companies (Meetings of Board and its Powers) Rules, 2014, any such appointment needs to be approved by the members in their General Meeting. Hence, the Board recommends the ordinary Resolution set out at Item No. 5 of the Notice for approval of the Members. Except Mr. Bharadwaj Rachamadugu and Mr. Nagakanaka Durga Prasad Chalavadi, Managing Director of the Company, and their relatives, none of the Directors, Key Managerial Personnel, or their relatives is concerned or interested, financially or otherwise, in the resolution. Ann [Showing first 8,000 characters — download PDF for full document]