Nature of change: Appointment of Ms. Shubhlakshmi Dani (DIN: 02942138) as Additional and Non-Executive Director
Effective date: Immediate effect from 29th July 2026
Tenure: Appointment liable to retire by rotation, subject to shareholder approval
Profile and qualifications:
Age: 51 years
Educational qualifications: Bachelor of Commerce in Finance from Sydenham College of Commerce and Economics, Mumbai; Diploma in Web Engineering from Arena Multimedia; Diploma in Textile Designing from Rachana Sansad's Academy of Architecture
Professional experience: Whole-time Director of Shubhit Holdings Private Limited (RBI-registered Non-Banking Financial Company), responsible for governance, strategic planning, operations, compliance and investment oversight; co-founder of Life is Beautiful home and lifestyle brand; leads philanthropic initiatives at Paramarth Charitable Trust; founder of Geeta Seva Kitchen; member of Executive Directors Advisory Council of Boston Conservatory at Berklee College of Music
Additional background: Over two decades as graphic designer and Kathak dancer
Eligibility confirmation: Not debarred from holding director office by SEBI or any other authority; not disqualified under Section 164 of Companies Act, 2013
Relationship with other directors: Spouse of Mr. Hasit Dani (former Non-Executive Director); sister-in-law of Mr. Malav Dani (Non-Executive Director); member of Promoter(s) Group; not related to any other Directors or Key Managerial Personnel
Succession context: No mention of previous holder of this additional director position
Governance implications: Non-Executive Director role with focus on corporate governance, sustainability, family business, investments, and stakeholder management experience
Board Meeting Details
Meeting date: 29th July 2026
Commencement time: 9:30 a.m. IST
Scheduled end time: 4:00 p.m. IST
Decision made: Unanimous approval based on recommendations of Nomination and Remuneration Committee
Shareholder Approval Process
Approval mechanism: Postal Ballot
Timing: Requisite details to be communicated in due course
