Board Meeting Details

The board of directors meeting was held on July 8, 2026, commencing at 5:30 p.m. and concluding at 6:30 p.m.

Director Reappointments Approved

The board unanimously approved, based on the recommendation of the nomination and remuneration committee and subject to shareholder approval:

Mr. Gauri Shankar (DIN: 06764026)

  • Reappointment as non-executive independent director for a second term
  • Term: 5 years from July 9, 2026 to July 8, 2031

Ms. Rajni (DIN: 10650061)

  • Reappointment as non-executive independent director for a second term
  • Term: 5 years from August 27, 2026 to August 26, 2031

Director Qualifications and Confirmations

Both directors confirmed:

  • They meet the criteria of independence under Section 149 of the Companies Act, 2013 and Regulation 16 of the Listing Regulations
  • They have not been debarred from holding the office of Director by any SEBI order or other authority

Director Profiles

Mr. Gauri Shankar

  • Holds Bachelor of Commerce and Bachelor of Science degrees from University of Delhi
  • Cleared Part I of the Associate Examination of the Indian Institute of Bankers
  • Retired banker with 39 years of experience in banking and finance sector
  • Former Chief Executive Officer and Managing Director of Punjab National Bank
  • Former Non-Executive Chairman of PNB International Limited
  • Former Director of PNB Gilts Limited, PNB Housing Finance Limited, and JSC SB PNB Kazakhstan
  • Former General Manager at Bank of India
  • Not related to any other directors of the Company

Ms. Rajni

  • Holds Bachelor of Commerce degree from University of Delhi
  • Company Secretary and member of the Institute of Company Secretaries of India
  • 12 years of experience in secretarial compliances, including one year with a listed company
  • Previously associated as consultant for company law and RBI matters with V.V Kale & Company, Chartered Accountants
  • Former Company Secretary at PAN India Corporation, Radiant Innovative Manufacturing Limited, Super Plastronics Private Limited, Delhi Sports & Entertainment Private Limited, and Delhi Soccer Private Limited
  • Not related to any other directors of the Company

Financial Impact

No financial impact disclosed in the filing.

Next Steps

Reappointments are subject to approval by shareholders of the Company.