Outcome of Board Meeting

August 25, 2026 BSE Limited Phiroze Jeejeehoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 544629 Dear Sir/Madam, Sub: Outcome of Board Meeting Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, (“Listing Regulations”), we hereby inform that the Board of Directors at its meeting held today i.e., August 25, 2026 have inter-alia considered and approved the following: 1. Re-appointment of Mr. Ayush Varma (DIN: 08290637) as a Managing Director of the Company with effect from June 20, 2027. The Board members based on recommendation of the Nomination and Remuneration Committee, re-appointed Mr. Ayush Varma (DIN: 08290637) as a Managing Director of the Company for a term of three (3) years commencing from June 20, 2027 up to June 19, 2030, subject to approval of the members at the ensuing Annual General Meeting. Further in compliance with SEBI Letter dated June 14, 2018 read along with Exchange Circular dated June 20, 2018, we hereby affirm that Mr. Ayush Varma is not debarred from holding the office of Director by virtue of any SEBI order or any other authority. 2. Re-appointment of Mr. Maheshkumar Varma (DIN: 09756885) as a Whole-time Director of the Company with effect from June 20, 2027. The Board members based on recommendation of the Nomination and Remuneration Committee, re-appointed Mr. Maheshkumar Varma (DIN: 09756885) as a Whole-time Director of the Company for a term of three (3) years commencing from June 20, 2027 up to June 19, 2030, subject to approval of the members at the ensuing Annual General Meeting. Further in compliance with SEBI Letter dated June 14, 2018 read along with Exchange Circular dated June 20, 2018, we hereby affirm that Mr. Mahesh Varma is not debarred from holding the office of Director by virtue of any SEBI order or any other authority. 3. Re-appointment of M/s. VTSN & Associates LLP, (LLPIN: ACK-3132) Practicing Company Secretaries, as Secretarial Auditors for the financial year 2026-27. The Board of Directors of the Company, based on the recommendation of the Audit Committee, have appointed M/s. VTSN & Associates LLP, (LLPIN: ACK-3132) Practicing Company Secretaries, as Secretarial Auditors for the financial year 2026-2027. 4. Shifting of Registered Office of the Company. The Board of Directors of the Company has approved the shifting of Registered Office from “126, Neo Corporate Plaza, Cabin B, Ramchandra Lane Extension, Malad West, Mumbai- 400064, Maharashtra, India.” to “12th Floor, Flat 1211, 9 Business Bay, Khakhar Property, Off New Link Road Mindspace, Behind Evershine Mall, Chincholi Bunder, Malad (W), Mumbai-400064, Maharashtra, India” within the local limits and the territorial jurisdiction of Registrar of Companies, Mumbai with effect from August 26, 2026. 5. Notice for the 8th Annual General Meeting and the Directors Report together with its Annexures for the year ended on March 31, 2026. 6. Appointment of Mr. Vishal Thawani, Designated Partner of M/s. VTSN and Associates LLP, Practicing Company Secretaries, as Scrutinizer for the e-voting process to be conducted at the 8th Annual General Meeting. 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 CFDPOD2/I/3762/2026 dated January 30, 2026 are enclosed as Annexure-A. The Board Meeting commenced at 4:00 p.m. and concluded at 05:15 p.m. Kindly take the same on your record. Thanking you, Yours Faithfully, For Ravelcare Limited Alpesh Bhatt Company Secretary and Compliance Officer Annexure-A Details required under Regulation 30 of the SEBI LODR Regulations read with SEBI Master Circular SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Sr. Particulars Details 1. Reason for change viz. Re-appointment of Mr. Ayush Re-appointment of Mr. appointment, re- Varma (DIN: 08290637) as a Maheshkumar Varma (DIN: appointment, Managing Director of the 09756885) as a Whole-time resignation, removal, Company. Director of the Company death or otherwise; 2. Date of appointment/re- Re-appointed as Managing Re-appointed as Whole-time appointment/cessation Director for a term of three (3) Director for a term of three (3) (as applicable) & term of years commencing from June years commencing from June appointment/re- 20, 2027 up to June 19, 20, 2027 up to June 19, appointment; 2030, subject to approval of 2030, subject to approval of the members at the ensuing the members at the ensuing Annual General Meeting. Annual General Meeting. 3. Brief profile (in case of Mr. Ayush Varma aged 30 Mr. Maheshkumar Varma appointment); years is the Managing aged 57 years is the Whole Director and Promoter of our Time Director and Promoter Company. of our Company. He has completed his Higher He holds a degree in Secondary Certificate Bachelors of Technology Examination from Brijlal (Computer Engineering Biyani Science College, Branch) from K.J. Somaiya Amravati. He has a College of Engineering. He proprietary firm in the name was one of the first director of Madhuri Jewellers. and promoter of our He is responsible for Company and holds an overseeing strategic experience of more than 6 decisions, accounting and years in the beauty and finance function and personal care industry. In contributing to the our company, he is development of standard responsible for business operating procedures (SOPs). development, formulation of strategies and overseeing the business functions of the Company. 4. Disclosure of Mr. Ayush Varma is a son of Mr. Maheshkumar Varma is a relationships between Mr. Maheshkumar Varma, father of Mr. Ayush Varma, Directors (in case of Whole-time Director of the Managing Director of the appointment of a Company and Mrs. Anita Company and spouse of Mrs. director). Varma, Director of the Anita Varma, Director of the Company. Company. Details required under Regulation 30 of the SEBI LODR Regulations read with SEBI Master circular SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Sr Particulars Secretarial Auditor 1. Name M/s. VTSN & Associates LLP, Practicing Company Secretaries 2. Reason for change viz. appointment, re- Re-appointment of M/s. VTSN & Associates appointment, resignation, removal, LLP, Company Secretaries death or otherwise 3. Date of appointment/ re- Appointment is effective from August 25, appointment/cessation (as applicable) 2026 to conduct secretarial audit for the year & term of appointment/re- 2026-2027 appointment 4. Brief profile in case of appointment M/s. VTSN & Associates LLP is an integrated and professionally managed firm of Practising Company Secretaries, committed to providing comprehensive, value-driven and solution-oriented professional services in the areas of Corporate Laws, Securities Laws, Corporate Governance, Secretarial Compliance and Regulatory Advisory. The Firm is registered with the Institute of Company Secretaries of India (ICSI) as a firm of Practising Company Secretaries and has successfully undergone the Peer Review Process conducted under the aegis of the ICSI. In recognition of its adherence to the prescribed professional standards and quality systems, the Firm has been awarded the Peer Review Certificate by the Institute of Company Secretaries of India. With a strong focus on quality, professional ethics, timely execution and practical solutions, VTSN & Associates LLP assists corporates across various stages of their business and regulatory journey. The Firm provides end-to-end advisory and compliance support to listed companies, unlisted public companies, private companies, SMEs and other corporate entities. The Firm's areas of expertise include, inter alia, Company Law and Secretarial Compliance, SEBI and Stock Exchange Compliances, Corporate Governance, Secretarial Audit, Due Diligence, Corporate Restructuring, Preferential Issues, Rights Issues, Bonus Issues, Employee Stock Option Schemes, Migration from SME Platform to M [Showing first 8,000 characters — download PDF for full document]