<ul><li>Sterling Powergensys appointed Pundlik Davane as the Chief Financial Officer on Feb. 13, 2025, following the resignation of Dinesh Agarwal from the position on Nov. 20, 2024.</li><li>The appointment of Davane was delayed due to overlapping responsibilities, administrative procedures, and the need for regulatory compliance. The company assured that the delay was unintentional and steps have been taken to strengthen internal processes for timely disclosures in the future.</li><li>Davane, who was previously associated with the company as Compliance Assistance and had served as CFO before, was considered for re-appointment after the resignation of the previous CFO.</li><li>The Board of Directors appointed Davane based on recommendations from the Nomination and Remuneration Committee and Audit Committee, confirming his role as the CFO with effect from Feb. 13, 2025.</li></ul>

Sterling Powergensys Appoints Pundlik Davane As Chief Financial Officer

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