The record date for the purpose of determining the eligibility of the members for the payment of final dividend for FY 2025-26 is fixed as September 04, 2026. The said payment of final ....

REF: POEL/BNS/BSE/2026–27/23 AUGUST 14, 2026 BSE LIMITED PHIROZE JEEJEEBHOY TOWERS DALAL STREET MUMBAI- 400001 Scrip Code – 539195 DEAR SIR, Sub: Outcome of the Board Meeting Ref: Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 With reference to the above captioned subject, the Board of Directors at its Meeting held on Friday, August 14, 2026, among other subjects, inter-alia has approved the following: A. Financial Results The Board has approved the Un-audited Standalone & Consolidated Financial Results for the quarter ended June 30, 2026 as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The aforesaid Financial results along with the Auditors Limited Review Report are enclosed. B. Re-appointment of Directors The Board of Directors, based on the recommendation of Nomination and Remuneration Committee and subject to the approval of the shareholders at the ensuing 38th Annual General Meeting, has considered and approved the re-appointments of – (i) Mr. Sunil Kumar Bansal (DIN: 00232617) as Managing Director for a term of three consecutive years commencing from 01/04/2027 to 31/03/2030; (ii) Mr. Devakar Bansal (DIN: 00232565) as Managing Director for a term of three consecutive years commencing from 01/04/2027 to 31/03/2030; (iii) Mr. Harsh Bansal (DIN: 08139235) as Whole-time Director for a term of three consecutive years commencing from 01/06/2027 till 31/05/2030; (iv) Mr. Amber Bansal (DIN: 08139234) as Whole-time Director for a term of three consecutive years commencing from 01/06/2027 till 31/05/2030; (v) Mr. Shyam Sunder Tikmani (01581127) as the Independent Director, for a second term of five consecutive years commencing from 29/12/2026 to 28/12/2031 and continuation of Directorship post attaining the age of 75 years. Further, the Board of Directors of the Company and the Nomination and Remuneration Committee while considering the re-appointments of the above persons, has ensured that the above persons satisfy the criteria prescribed under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and they are not debarred from holding the office of Director by virtue of any order passed by SEBI or any such authority. Details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30, 2026, are enclosed as Annexure-1. C. Appointment of Cost Auditor of the Company for the Financial Year 2026-27 The Board of Directors upon recommendation of the Audit Committee, has considered and approved the appointment of Mr. K. R. Vivekanandan, Practicing Cost Accountant, Chennai, having firm Registration No. 102179 as the Cost Auditor of the Company for the financial year 2026-27. Details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30, 2026, are enclosed as Annexure-2. D. Appointment of Internal Auditor of the Company for the Financial Year 2026-27 The Board of Directors upon recommendation of Audit Committee, has considered and approved the appointment of M/s. A.K. Lunawath & Associates, Chartered Accountants (having FRN: 010725S), as the Internal Auditors of the Company for the financial year 2026-27. Details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30, 2026, are enclosed as Annexure-3. E. Resignation of Statutory Auditor of the Company The Board noted and accepted the resignation tendered by M/s. CNGSN & Associates LLP, Chartered Accountants (FRN: 004915S/S200036), from the office of the Statutory Auditors of the Company, with effect from the close of business hours on August 14, 2026. The resignation was tendered on the grounds that the existing remuneration was not commercially viable and that a mutually agreeable fee structure could not be arrived at. The Board further noted that, as confirmed by the Statutory Auditors in their resignation letter dated August 14, 2026, there were no other reasons for their resignation. The Board placed on record its sincere appreciation for the valuable services and professional support rendered by M/s. CNGSN & Associates LLP during their tenure as the Statutory Auditors of the Company. The Board further noted that the resigning Statutory Auditors have not raised any concerns with respect to the management of the Company and that there is no material reason for their resignation other than the reasons stated in their resignation letter. Accordingly, no deliberation by the Audit Committee on the reasons for resignation is required, and consequently, disclosure of the Audit Committee’s views in this regard is not applicable. Details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30, 2026, are enclosed as Annexure – 4. A copy of the Resignation letter dated August 14, 2026, as received from M/s. CNGSN & Associates LLP, Chartered Accountants, is attached herewith as Annexure – 4A. F. Appointment of Statutory Auditor of the Company to fill the casual vacancy Consequent upon the resignation of the Statutory Auditors of the Company, M/s. CNGSN & Associates LLP, Chartered Accountants (FRN: 004915S/S200036), the Board of Directors, based on the recommendation of the Audit Committee, has considered and recommended to the Members for their approval at the ensuing 38th Annual General Meeting, the appointment of M/s. R K C G & Associates LLP, Chartered Accountants, Chennai (FRN: 000643S/S000160) as the Statutory Auditors of the Company to fill the casual vacancy arising from the resignation of M/s. CNGSN & Associates LLP. M/s. R K C G & Associates LLP, Chartered Accountants, Chennai (FRN: 000643S/S000160), shall hold office as the Statutory Auditors of the Company effective from August 15, 2026, until the conclusion of the ensuing 38th Annual General Meeting of the Company scheduled to be held on September 28, 2026, subject to the approval of the Members. Details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30, 2026, are enclosed as Annexure-5. G. Appointment of Statutory Auditor of the Company for a term of five consecutive years Based on the recommendation of the Audit Committee, the Board of Directors has approved and recommended to the Members for their approval, the appointment of M/s. R K C G & Associates LLP, Chartered Accountants, Chennai (FRN: 000643S/S000160), as the Statutory Auditors of the Company for a term of 5 (five) consecutive years, commencing from the conclusion of the ensuing 38th Annual General Meeting of the Company to be held on September 28, 2026, and continuing until the conclusion of the 43rd Annual General Meeting of the Company to be held in the year 2031. Details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30, 2026, are enclosed as Annexure-6. H. Statement of Deviation or Variation on utilization of funds raised through Preferential Issue, for the Quarter ended June 30, 2026. Pursuant to Regulation 32 of the SEBI (Listing Obligations [Showing first 8,000 characters — download PDF for full document]