C2C

- Resignation of Ms. Maya Chandra from the post of Director effective October 08, 2026. - Appointment of Mr. Putta Satish Chowdhary as Additional Director (Non-Executive Non Independent Director) effective October 08, 2026.

- Trading window closure for Directors, Officers, Designated Persons, and immediate relatives will commence from October 1, 2026. - The closure will remain in effect until 48 hours after the declaration of un-audited Financial Results for the half-year ended September 30, 2026.

- CEO apologizes for not publishing periodic updates as scheduled. - Trade receivables collections are approximately 30% of the expected position, but revenue is legitimate, work is complete, and clients are not insolvent. - The company is building its largest ever order pipeline in scale and strategic significance. - Promoter group intends to invest further via preferential allotment, subject to shareholder approval.

- C2C Advanced Systems Limited appointed M/s S. Khandelwal & Co., Practicing Company Secretary, as Secretarial Auditor. - The appointment is for the financial year 2026-27. - The decision was made by the Board of Directors at its meeting on September 07, 2026.

- C2C Advanced Systems Limited has appointed M/s R Seetharaman & Associates, Chartered Accountants, as its Secretarial Auditor. The appointment is for the financial year 2026-27, approved by the Board on September 07, 2026.

- C2C Advanced Systems Limited announced the appointment of M/s Narasimhan & Srinivasan, Chartered Accountants (Firm Registration No. 002339S), as Statutory Auditors. - The appointment is effective from the conclusion of the ensuing Annual General Meeting until the Annual General Meeting to be held in 2031. - The Board approved this appointment on September 07, 2026.

- Board Meeting held on September 07, 2026. - M/s Narasimhan & Srinivasan were recommended for appointment as Statutory Auditors for a five-year term, filling a casual vacancy, subject to shareholder approval. - M/s R Seetharaman & Associates were appointed as Internal Auditor for FY26-27. - M/s S. Khandelwal & Co. were appointed as Secretarial Auditor for FY26-27. - A proposal for raising funds by issuing Fully Convertible Warrants on a Preferential Basis was withdrawn by management. - Ms. Shashi Gupta was re-appointed as Director. - Ms. Maya Chandra was regularized from Additional Director to Director. - Mr. Narendra Subrahmanya Srinivasa Lanka was regularized from Additional Director to Whole-Time Director. - The 9th Annual General Meeting (AGM) is scheduled for September 30, 2026, at 04:00 P.M. via VC/OAVM.

- Statutory auditors M/s LABS & Associates (FRN: 021131C) resigned from C2C Advanced Systems Limited, effective August 14, 2026. - The auditors cited pre-occupation in other assignments as the reason for resignation. - The company's Audit Committee and Board will appoint new statutory auditors to fill the casual vacancy. - The auditors confirmed no concerns were raised regarding the company's management and the audit for the year ended March 31, 2026, was completed.

- Investor meeting held on July 27, 2026, confirming receivables are on track. - Collected ₹15.56 Cr till July end, with an additional ₹7.5 Cr expected within a week; on track for August collection targets. - Successfully delivered subsystems and secured client sign-offs. - Acknowledges rework and potential delivery delays, but maintains a positive outlook for future sales.

- Minimum 80% of receivables outstanding beyond 180 days expected to be collected by end of September 2026, with 8-15% retained for warranty. The company will provide 15-day updates on collections.- Auditor's observation on receivables was an "emphasis of matter," not a qualification. A ₹14.5 Cr IFRS 9 provision for long outstandings is fully recoverable and expected to be nullified by year-end.- Acknowledged liquidity issues caused delays in EPF payments, which will be cleared soon. Promoters infused ~₹55 Cr via loans (10% interest as per auditor's insistence), planning to convert to equity to increase promoter stake and reduce related party transactions.- H2 FY26 revenue of ₹90 Cr and PAT of ₹18 Cr were impacted by the IFRS provision and higher US delivery costs, explaining the miss from IPO guidance of ₹40 Cr PAT.- The company will be very risk-averse, turning down contracts with high price pressure or >180-day payment terms (except some Indian defense, which will be <20% of revenue). It maintains a healthy pipeline of qualified opportunities globally, especially in defense/strategic systems, targeting high margins in overseas markets.- Post-September, a detailed strategy and growth roadmap will be shared. Focus is on MAGI-C5ISR and MAGI-OIOS AI/ML platforms. Current cash and bank balance as of June 30th is ~₹10-12 Cr.- New CEO will prioritize independent auditors, board, and audit committee. The company will consider providing CA-certified statements for receivables collections to regain investor trust.