Key Appointments and Changes

Appointment of New Independent Director

  • Name: Mr. Ronak Jain (DIN: 07128477)
  • Position: Additional Non-Executive Independent Director
  • Appointment Date: July 31, 2026
  • Term: 5 years (five years) effective from July 31, 2026
  • Approval Status: Subject to shareholder approval at ensuing general meeting
  • Background: Practising Chartered Accountant with over a decade of experience in audit, taxation, financial reporting, regulatory compliance, corporate governance, and investment banking. Proprietor of M/s. Ronak Jain & Associates and Partner at M/s. SSKA & Co., Chartered Accountants. Holds Bachelor's degree in Commerce, Certified Information Systems Auditor (CISA), and registered with Independent Director Databank maintained by Indian Institute of Corporate Affairs (IICA).
  • Relationships: Not related to any directors of the company
  • Other Interests: Director at Escorp Asset Management Limited

Resignation of Independent Director

  • Name: Mr. Darshit Parikh (DIN: 03492803)
  • Position: Non-Executive Independent Director
  • Cessation Date: July 31, 2026
  • Reason: Completion of second consecutive term

Committee Reconstitution

Nomination and Remuneration Committee (Reconstituted July 31, 2026)

  • Chairperson: Ms. Kajal Chhatwal (Non-Executive Independent Director)
  • Member: Ms. Damini Baid (Non-Executive Independent Director)
  • Member: Mr. Ronak Jain (Non-Executive Independent Director)

Director Eligibility Confirmation

Confirmed that Mr. Ronak Jain has not been debarred from holding office of Director by virtue of any order issued by SEBI or any other authorities as required under relevant stock exchange circulars.

Annexures Submitted

  • Annexure A: Detailed disclosure for appointment of Mr. Ronak Jain
  • Annexure B: Detailed disclosure for cessation of Mr. Darshit Parikh
  • Annexure C: Composition of reconstituted Nomination and Remuneration Committee

Company Representative

Reenal Khandelwal (Company Secretary and Compliance Officer) signed all documents digitally on July 31, 2026.

Financial Impact

No financial impact quantified in the disclosure.