Change in Director / Key Managerial Personnel
Re-appointment of Mr. Bhaskaran N
Nature of change: Re-appointment as Whole-time Director, designated as 'Chief Operating Officer'
Name and DIN: Mr. Bhaskaran N (DIN: 10808853)
Effective date and tenure: From 17th October, 2026 to 31st May, 2028 (subject to shareholder approval)
Brief profile: Holds graduation degree in Commerce from University of Madras, post-graduation in Human Resource Management from XLRI-Xavier School of Management, Jamshedpur, and completed Advanced Program in Supply Chain Management from Indian Institute of Management, Calcutta. Associate member of the Institute of Company Secretaries of India. Has over 32 years of experience in corporate secretarial functions, operations, supply chain management and human resource management. Prior to joining the Company, worked with TCL India Holdings Private Limited and Birla Sun Life Distribution Company Limited. Joined the Company in 2008 as Vice President – HR, built the staples business, established and developed supply chain function. Currently managing retail operations.
Confirmation of eligibility: Not debarred from holding office of Director by virtue of any order of Securities and Exchange Board of India or any other such authority in accordance with BSE Circular No. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24 dated 20th June, 2018.
Relationship with other directors: Not related to any of the Directors of the Company.
Appointment of Mr. Lalit Ahuja
Nature of change: Appointment as 'Chief Operating Officer', Senior Management Personnel
Name: Mr. Lalit Ahuja
Effective date: 13th July, 2026
Brief profile: Holds a Bachelor of Science degree in Electronics from Delhi University and is an alumnus of IIM Bangalore. Brings 28 years of extensive experience, having been associated with prominent companies including Philips India, General Mills, Dabur, Godrej Consumer Products, Mars, and Apple. In previous assignment, spent over a decade with Zydus Wellness, serving as Senior Vice President (Sales) and Business Head for the Sub-Continent.
Change in designation of Mr. Parvez Vandrewala
Nature of change: Change in designation from 'Chief Operating Officer' to 'Head Centre of Excellence'
Name: Mr. Parvez Vandrewala
Effective date: 1st November, 2026
Status: Will continue to be Senior Managerial Personnel of the Company
Previous role: Chief Operating Officer
Key Financial or Operational Approvals
The Board of Directors approved the management changes based on recommendation of the Nomination and Remuneration Committee at its meeting held on 11th July, 2026.
Any Other Material Information
The disclosure is made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated 30th January, 2026.