Disclosure of material issue

Nagarjuna Fertilizers (NAGAFERT) shareholders have greenlit key board continuations at the recent AGM. **The issue:** Two experienced directors, Mr. Uday Shankar Jha (Non-executive Director) and Mr. Rajendra Mohan Gonela (Independent Director), are either past or will soon reach the age of 75 during their tenure, requiring special shareholder approval for their continuation. **The company's response:** Shareholders approved Mr. Jha's continuation past 75 and Mr. Gonela's re-appointment for a 5-year term, which includes his 75th birthday.

Both approvals were by special resolution, affirming confidence in their leadership.

The company also confirmed neither director faces any SEBI debarment. **Impact:** This ensures strong board continuity and stability, retaining valuable experience for NAGAFERT's strategic direction. #NAGAFERT #BoardUpdate #Governance