Change in Director / Key Managerial Personnel

Nature of change: Re-appointment of Non-Executive Independent Director

Name and DIN: Mrs. Uma Mandavgane (DIN: 03156224)

Effective date and tenure: Re-appointed for a second term of 5 consecutive years with effect from May 31, 2027 to May 30, 2032, subject to approval of shareholders at the ensuing Annual General Meeting.

Brief profile and qualifications: Mrs. Uma Mandavgane has been serving as an Independent Director since May 31, 2024. She is an Associate Chartered Accountant from the Institute of Chartered Accountants of India and a Certified Information Systems Auditor from ISACA, USA. With over three decades of experience, she has expertise in risk advisory, corporate finance, and treasury management. Her experience includes leadership roles in large consulting engagements with Big Four firms across banking and financial services, ITES, oil and gas, manufacturing, and retail sectors. Specific expertise spans governance, risk and compliance, enterprise risk management, technology and business risk assurance, and business process transformation.

Confirmation of eligibility: Mrs. Uma Mandavgane is not debarred from holding the office of Director by virtue of any SEBI order or any other authority as required under BSE Circular LIST/COMP/14/2018-19 and NSE Circular NSE/CML/2018/24.

Relationship with other directors: She is not related to any Director of the Company.

Senior Management Personnel Appointments

Nature of change: Categorization as Senior Management Personnel (SMP)

Effective date: June 26, 2026

Appointee 1 - Mr. Taikhum Bandookwala

  • Position: Associate Vice President - Strategic Initiatives
  • Background: Member of the Institute of Chartered Accountants of India, associated with the Company since 2022
  • Responsibilities: Works on strategic initiatives, corporate development, expansion opportunities, investment banking, mergers and acquisitions, strategic tie-ups, and investor relations. Supports Group's early-stage and angel investment activities, strategic partnerships, and acquisition opportunities in India and overseas markets.

Appointee 2 - Ms. Bronika Doshi

  • Position: Associate Vice President - Corporate Strategy
  • Background: CFA Level II candidate, member of the Institute of Company Secretaries of India, law graduate
  • Experience: Over six years in corporate strategy, capital allocation, mergers and acquisitions, IPO processes, strategic divestments, and cross-border transactions. Associated with the Company since 2021.
  • Responsibilities: Supports strategic initiatives, investment decisions, and cross-functional execution, bringing investment expertise, legal knowledge, and governance credentials.

Board Meeting Details

The board meeting commenced at 3:30 p.m. and concluded at 4:42 p.m. on June 26, 2026.