Change in Director / Key Managerial Personnel

Appointment of Managing Director

  • The Board approved the Notice of Postal Ballot for seeking shareholder approval for the appointment of Mr. R. S. Subramanian (DIN: 02946608) as Managing Director of the Company.
  • The terms and conditions of appointment are set out in the Postal Ballot Notice.
  • The Postal Ballot will be circulated to members in accordance with the Companies Act, 2013 and SEBI Listing Regulations.

Completion of Tenure - Independent Director

  • Ms. Kavita Nair (DIN: 07771200) ceased to be an Independent Director upon completion of her second term.
  • Effective date of cessation: Close of business hours on September 25, 2026.
  • The Board placed on record its appreciation for her valuable contributions.

Resignation of Non-Executive Director

  • Mr. Charles Simon Dobbie (DIN: 10302056) resigned as Non-Executive, Non-Independent Director.
  • Effective date of resignation: Close of business hours on September 25, 2026.
  • Reason for resignation: To enable the company to maintain continuous compliance with regulatory requirements regarding board composition following Ms. Kavita Nair's tenure completion.
  • Resignation letter received on September 23, 2026, at 04:51 A.M. (IST).
  • The Board placed on record its appreciation for his valuable contributions.

Appointment of Non-Executive Chairman

  • Mr. Sebastian Paeßens (DIN: 09058693) was appointed as Non-Executive Chairman of the Board.
  • Effective date: September 26, 2026.
  • He was previously serving as Non-Executive, Non-Independent Director.

Reconstitution of Committees of the Board

Consequent to the cessation of Ms. Kavita Nair and appointment of new directors, the Board reconstituted its committees effective September 26, 2026:

Audit Committee

  • Chairperson: Mr. Avijit Mukerji
  • Members: Mr. R.S. Subramanian, Dr. Vandana Aggarwal

Nomination & Remuneration Committee (NRC)

  • Chairperson: Dr. Vandana Aggarwal
  • Members: Mr. Rajat Jain, Mr. Sebastian Paeßens

Risk Management Committee

  • Chairperson: Mr. Rajat Jain
  • Members: Mr. Balfour Manuel, Mr. R.S. Subramanian, Mr. Sebastian Paeßens, Mr. Tushar Gunderia, Mr. Savio Mendonca, Mr. Sagar Patil

CSR Committee

  • Chairperson: Mr. Balfour Manuel
  • Members: Mr. Rajat Jain, Mr. R.S. Subramanian, Mr. Avijit Mukerji

Stakeholders Relationship Committee (SRC)

  • Chairperson: Mr. R.S. Subramanian
  • Members: Mr. Avijit Mukerji, Mr. Balfour Manuel

Meeting Details

  • Date: Wednesday, September 23, 2026
  • Time: 11:00 A.M. to 2:00 P.M.