Nature of Change: Appointment of Mr. Anant Gupta as an Additional (Non-Executive and Independent) Director of the Company.
Name and DIN: Mr. Anant Gupta (DIN not disclosed in the data).
Effective Date and Tenure: Appointment effective from 02nd November, 2026 for a period of 5 (five) years, subject to approval of shareholders.
Profile and Qualifications: Mr. Anant Gupta, aged 39 years, holds qualifications of B.COM (H), FCA, DISA with specialization in Commerce from Delhi University. He is currently working as partner in Gupta & Bagaria, Chartered Accountants with over 13 years of experience. His expertise includes Finance and Audits.
Eligibility Confirmation: The disclosure includes an affirmation that Mr. Anant Gupta is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.
Relationship with Other Directors: No relationship with other directors or key managerial personnel (disclosed as "Nil").
Previous Holder: The data does not specify who held the position previously or the nature of any previous director's exit.
Governance Implications: As an Independent Director with finance and audit expertise, his appointment strengthens the board's independent oversight and financial governance capabilities.
Committee Reconstitution
Reason for Reconstitution: Consequent upon appointment of Mr. Anant Gupta, the Audit Committee and Nomination & Remuneration Committee were reconstituted effective 02nd November, 2026.
Audit Committee Composition:
Mr. Charan Jeet Singh Kochhar (Non-Executive and Independent Director, Chairman)
Mr. Anil Kumar Verma (Non-Executive Independent Director, Member)
Mr. Anant Gupta (Non-Executive Independent Director, Member)
Nomination and Remuneration Committee Composition:
Mr. Charan Jeet Singh Kochhar (Non-Executive and Independent Director, Chairman)
Mr. Anil Kumar Verma (Non-Executive Independent Director, Member)
Mr. Anant Gupta (Non-Executive Independent Director, Member)
Other Material Information
Postal Ballot Process: The company conducted a postal ballot and appointed Mr. Shailesh Dayal, Partner of M/s Dayal & Maur (Company Secretaries), New Delhi as scrutinizer to scrutinize the e-voting process.
Board Meeting Timing: The board meeting started at 12:40 PM and concluded at 1:30 PM on 02nd November, 2026.
Additional Director Details:
Shareholding in company as on March 31, 2026: Nil
Remuneration last drawn as director: Nil
Remuneration proposed: As per Appointment Letter (details not specified)
Directorships in other companies: 3 as on March 31, 2026
Committee memberships in other companies: 2 as on March 31, 2026
Number of board meetings attended during FY 2025-26: Nil (new appointment)
Regulatory Compliance: The disclosure is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023.
Information Availability: The information will also be available on the company's website at www.archiesinvestors.in.
