Change in Director / Key Managerial Personnel

Cessation of Director

  • Mrs. Shalini Kamath (DIN: 06993314) ceased to hold office as an Independent Director of the Company upon completion of her term, effective 30th September, 2026.

Appointment of New Independent Director

  • Mrs. Sangeetha Chhajed (DIN: 10698049) was appointed as an Independent Director of the Company with effect from 1st October, 2026 for a period of five years.
  • The appointment was based on the recommendation of the Nomination and Remuneration Committee and approved by the Board of Directors.

Profile of Mrs. Sangeetha Chhajed

  • Age: 54 years
  • Qualifications: Chartered Accountant, Company Secretary, and holds a Post Graduate Diploma in Business Management from ICFAI, India. Recipient of the ICAI Gold Medal in Management Accountancy.
  • Expertise: Extensive experience in finance, commercial strategy, global business operations, strategic relationship management, and operational leadership. Strong commitment to corporate governance, sustainability, and long-term value creation.
  • Current Role: Vice President – Client Relationship at Sutherland Global, managing strategic relationships with global airline clients and responsible for driving business retention and growth across Information Technology and Business Process Services.
  • Professional Experience: Over 20 years of management experience, having successfully led and concluded several multi-million-dollar business engagements. Previously worked with ARCIL on restructuring of non-performing assets and with N. M. Raiji & Co., advising corporates on M&A, divestitures, amalgamations, valuations, business structuring, and taxation matters. Started career with Chhajed & Doshi in audit, taxation, and consulting.
  • Additional Activities: Actively involved in promoting sustainability and responsible business practices.

Compliance and Eligibility

  • Mrs. Sangeetha Chhajed is not related to any of the Directors or Key Managerial Personnel of the Company.
  • She is not debarred from holding the office of Director by virtue of any order of SEBI or any other authority.

Board Meeting Details

  • Meeting Date: 30th September, 2026
  • Meeting Timing: Commenced at 13:40 pm and concluded at 14:00 pm