Nature of change: Re-appointment of Chairman and Managing Director
Name and DIN: Mr. Panna Lal Baid (DIN: 00009897)
Effective date and tenure: Three-year term commencing from April 1, 2027 until March 31, 2030
Profile and qualifications: Founder and first-generation entrepreneur with over 56 years of experience in the financial services sector. Possesses extensive knowledge of the company's core businesses and has played a pivotal role in its growth and strategic development. Demonstrated leadership, business acumen, and industry expertise that have significantly contributed to the company's sustained growth and operational excellence.
Compliance confirmation: Not debarred from holding the office of director by virtue of any SEBI order or any other authority
Relationships with other directors: Related to Mr. Aman Baid (Grandson), Mr. Aditya Baid (Grandson), and Mrs. Alpana Baid (Daughter-in-law), who are Directors of the Company
Approval process: Based on recommendation of Nomination and Remuneration Committee, approved by Board of Directors on August 13, 2026, subject to shareholder approval at ensuing Annual General Meeting
