Key Event: Appointment of Director

Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of Britannia Industries Limited, at their meeting held on 6th August 2026, appointed Mr. Sonny Iqbal (DIN: 02962053) as an Additional Non-Executive Independent Director of the company.

Effective Date and Term

The appointment is effective from 8th August 2026. The Board has further recommended his appointment as a Non-Executive Independent Director for a term of 5 (five) consecutive years, from 8th August 2026 to 7th August 2031 (both days inclusive). This recommended term is subject to the approval of the members (shareholders) of the company.

Process for Shareholder Approval

The Notice for a Postal Ballot to seek the approval of the members for the full 5-year term will be circulated in due course and filed with the stock exchanges.

Director Profile and Background

Mr. Sonny Iqbal is a global expert in Leadership Development, Organization Consulting, and Family Enterprise Advisory, advising businesses across India and internationally.

  • He spent 27 years at Egon Zehnder, where he helped establish the firm's offices in New Delhi, Bengaluru, and Mumbai. He continues his association as a Senior Advisor.
  • At Egon Zehnder, he co-founded and co-led the firm's global Family Business Advisory Practice, guiding enterprises through succession, transition, and governance. His work has been published in several papers, including six articles in the Harvard Business Review.
  • He also served as Chair of the firm's Partner Candidate Evaluation Group and was a member of its Nomination Committee.
  • He is currently a Senior Advisor at ChrysCapital, one of India's largest private equity firms.
  • He also serves on various other boards.
  • Prior to Egon Zehnder, he held key positions with the Oberoi Group in India, the UK, and the Middle East, and managed the financial and travel services business of American Express in India.

Compliance and Relationship Disclosures

  • Mr. Sonny Iqbal is not related to any of the other directors of the company.
  • He is not debarred from holding the office of director by virtue of any order from SEBI or any other authority, as per the requirements of BSE Circular No. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24.

Meeting and Filing Details

  • The Board Meeting commenced at 3:00 P.M. IST and concluded at 6:00 P.M. IST on 6th August 2026.
  • The letter was signed and digitally executed by Sona Rajora, Company Secretary & Compliance Officer (ICSI Membership No.: A35468) on 6th August 2026 at 19:37:52 IST.
  • The disclosure includes the required annexure ('Annexure I') with details as stipulated by SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Financial and Operational Impact

The disclosure does not quantify any direct financial impact on the company from this appointment.

#Tags: #Britannia #ManagementChange #SEBIRegulation30 #CorporateGovernance #Neutral