Nature of change: Appointment of Chief Financial Officer and Key Managerial Personnel
Name and DIN: Mr. Suneel Kumar Munaga (DIN not disclosed in the document)
Effective date: January 1, 2027
Tenure and terms: On terms and conditions approved by the Board of Directors
Profile and qualifications:
Seasoned finance and business leader with over 28 years of experience
Commerce Graduate and qualified Cost & Management Accountant
Rank Holder in B.Com and completed Finance Leadership Program at IMD
Expertise in financial stewardship, corporate governance, risk management, business transformation, and strategic decision support
Current role: Vice President and Business Area Controller (Electrification) at ABB India Limited
Previous experience:
Held leadership positions with ABB India Limited, NTPC Limited, Hansen Drives Limited, Tecumseh Products India Private Limited, Hindustan Aeronautics Limited, and Bharat Heavy Plate & Vessels Limited
Extensive experience in financial management, business partnering, project finance, operational excellence, and transformation initiatives
Current responsibilities: Financial leadership, governance, profitability, compliance, and business performance of the Electrification Business Area across India and international markets in Asia and Africa
Approval process: Based on recommendations of Nomination and Remuneration Committee and Audit Committee, approved by Board of Directors
Relationship disclosure: Not applicable (as per Annexure I)
Regulatory compliance: Appointment made pursuant to Regulation 30 read with Clause 7 of Para A of Part A of Schedule III to SEBI Listing Regulations, with reference to SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Board Meeting Details
Meeting date: October 6, 2026
Meeting timing: Commenced at 8:15 p.m. and concluded at 8:30 p.m.
