Key Event Details

Britannia Industries Limited informs the exchanges that its members have approved the appointment of Mr. Sonny Iqbal (DIN: 02962053) as a Non-Executive Independent Director of the company. The appointment is not liable to retire by rotation.

Term of Appointment

The term is for 5 (five) consecutive years, effective from 8 August 2026 up to and including 7 August 2031.

Approval Process

The appointment was approved via a Special Resolution set out in a Notice of Postal Ballot dated 6 August 2026. The company had previously intimated the exchanges about this proposal via letters dated 6 August 2026 and 6 October 2026.

The Scrutinizer's Report for the postal ballot (remote E-voting) was issued by Ms. Anshu Agarwal (FCS No. 9921, CP No. 27897) from ANGC & Co. LLP, Practising Company Secretaries. The company received this report on Friday, 6 November 2026 at 9:08 P.M. IST.

Background and Rationale

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, had initially appointed Mr. Iqbal as an Additional Non-Executive Independent Director with effect from 8 August 2026 at their meeting held on 6 August 2026. The board subsequently recommended his appointment as a full Non-Executive Independent Director, subject to member approval, which has now been obtained.

Director Profile: Mr. Sonny Iqbal

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

He spent 27 years at executive search firm Egon Zehnder, where he helped establish the firm's offices in New Delhi, Bengaluru, and Mumbai. He continues his association with the firm as a Senior Advisor.

At Egon Zehnder, Mr. Iqbal co-founded and co-led the firm's global Family Business Advisory Practice, guiding multigenerational enterprises through succession, founder transition, governance structures, and professionalization. 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 as a member of its Nomination Committee.

He is also a Senior Advisor at ChrysCapital, one of India's largest private equity firms, and serves on various other boards.

Prior to Egon Zehnder, Mr. Iqbal held key positions with the Oberoi Group across India, the United Kingdom, and the Middle East. He also managed the financial and travel services business of American Express in India.

Education

Mr. Iqbal holds a BA (Hons) from St. Stephen's College, University of Delhi, an MBA in Marketing from the University of Surrey, UK, and a Postgraduate Diploma from the Oberoi Centre of Learning and Development.

Compliance and Relationship Disclosures

Mr. Sonny Iqbal is not related to any of the existing 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, both dated June 20, 2018.

Financial Impact

No direct financial impact or quantification is disclosed in the filing. The disclosure is governance-related.