Change - Announcement of Cessation::Stepping Down of Mr Doreswamy Nandkishore as a Chairman of the Board and Independent Director

Issuer & Securities

Issuer/ Manager
DELFI LIMITED
Securities
DELFI LIMITED - SG1Q25921608 - P34
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
10-Apr-2026 17:41:22
Status
New
Announcement Sub Title
Stepping Down of Mr Doreswamy Nandkishore as a Chairman of the Board and Independent Director
Announcement Reference
SG260410OTHR1PUP
Submitted By (Co./ Ind. Name)
Lee Wei Hsiung
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Please refer to the information below.

Additional Details

Name of person
Doreswamy Nandkishore
Age
67
Is effective date of cessation known?
Yes
If yes, please provide the date.
28/04/2026
Detailed reason(s) for cessation
As part of the Board rejuvenation process and good governance practice Mr Doreswamy Nandkishore ("Nandu") will be stepping down as a Chairman of the Board and Independent Director of the Company at the conclusion of the Company's forthcoming Annual General Meeting to be held on 28 April 2026 to pursue his personal interests. This is in light of the requirements imposing a hard tenure limit for independent Directors, where as a result Nandu will be considered as non-independent upon the conclusion of the AGM. It is also keeping the Group's commitment to refresh the composition of the Board.

Accordingly, he shall relinquish his positions as Chairman of the Remuneration Committee and as a member of the Audit Committee, Nominating Committee, and Sustainability Committee.

The Board and Company would like to express its gratitude and appreciation towards Nandu's valuable contributions to the Board during his tenure.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of appointment to current position
03/01/2017
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director, Chairman of the Board & Remuneration Committee and member of Audit Committee, Nominating Committee & Sustainability Committee
Role and responsibilities
Non-Executive
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of independent directors currently resident in Singapore (taking into account this cessation)
3
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
2
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
22,000 ordinary shares in Delfi Limited
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Other Directorships
Past (for the last 5 years)
I & N Developmental Investments Ltd.
Present
Delfi Limited
Mayar Foods
RA Consulting DWC-LLC
Al Muhaidib Group
Livinguard Technologies AG

Other Principal Commitments
Nil