Key Details of the Reconstitution

The Board of Directors of the Company approved the reconstitution via a circular resolution dated October 23, 2026. The reconstitution is effective from October 23, 2026.

The change involves the induction of Mr. Pradeep Mehta (DIN: 12005928) as a member of several committees. Mr. Mehta is categorized as a Non-Executive, Independent Director.

Detailed Committee Composition (Pre and Post Reconstitution)

The composition of the eight board committees before and after the reconstitution is as follows:

1. Audit Committee

  • Existing: Chairman - Mr. Abodh Khandelwal; Members - Mr. Pramod Deshpande, Ms. Sheetal Bhilkar.
  • Reconstituted: Chairman - Mr. Abodh Khandelwal; Members - Mr. Pradeep Mehta, Ms. Sheetal Bhilkar.
  • Change: Mr. Pramod Deshpande replaced by Mr. Pradeep Mehta.

2. Nomination and Remuneration Committee

  • Existing: Chairman - Mr. Pramod Deshpande; Members - Mr. Abodh Khandelwal, Ms. Sheetal Bhilkar.
  • Reconstituted: Chairman - Mr. Pradeep Mehta; Members - Mr. Abodh Khandelwal, Ms. Sheetal Bhilkar.
  • Change: Mr. Pramod Deshpande replaced by Mr. Pradeep Mehta, who also assumes the chairmanship.

3. Stakeholder and Relationship Committee

  • Existing: Chairperson - Ms. Sheetal Bhilkar; Members - Mr. Nimish Shah, Mr. Pramod Deshpande.
  • Reconstituted: Chairperson - Ms. Sheetal Bhilkar; Members - Mr. Nimish Shah, Mr. Pradeep Mehta.
  • Change: Mr. Pramod Deshpande replaced by Mr. Pradeep Mehta.

4. CSR Committee

  • Existing: Chairman - Mr. Nimish Shah; Members - Mr. Ashokkumar Chhajer, Ms. Sheetal Bhilkar.
  • Reconstituted: Chairman - Mr. Nimish Shah; Members - Mr. Ashokkumar Chhajer, Ms. Sheetal Bhilkar.
  • Change: No change in composition.

5. Risk Management Committee

  • Existing: Chairman - Mr. Abodh Khandelwal; Members - Mr. Parth Chhajer, Mr. Bhavik Chhajer, Mr. Udit Kasera.
  • Reconstituted: Chairman - Mr. Abodh Khandelwal; Members - Mr. Parth Chhajer, Mr. Bhavik Chhajer, Mr. Udit Kasera.
  • Change: No change in composition.

6. Executive Committee

  • Existing: Chairman - Mr. Ashokkumar Chhajer; Members - Mr. Nimish Shah, Mr. Udit Kasera.
  • Reconstituted: Chairman - Mr. Ashokkumar Chhajer; Members - Mr. Nimish Shah, Mr. Udit Kasera.
  • Change: No change in composition.

7. Disinvestment Committee

  • Existing: Chairman - Mr. Nimish Shah; Member - Mr. Ashokkumar Chhajer.
  • Reconstituted: Chairman - Mr. Nimish Shah; Member - Mr. Ashokkumar Chhajer.
  • Change: No change in composition.

8. TCWG Committee

  • Existing: Members - Mr. Abodh Khandelwal, Mr. Pramod Deshpande, Mr. Ashokkumar B. Chhajer.
  • Reconstituted: Members - Mr. Abodh Khandelwal, Mr. Pradeep Mehta, Mr. Ashokkumar B. Chhajer.
  • Change: Mr. Pramod Deshpande replaced by Mr. Pradeep Mehta.

Financial and Operational Impact

The disclosure does not quantify any financial impact resulting from the committee reconstitution. It is a governance and compliance update.