Key Quantitative Figures and Dates

  • Date of Board Resolution: October 06, 2026
  • Effective Date of Director Changes: October 06, 2026
  • Number of Directors Resigned: 3 Independent Directors
  • Number of Directors Appointed: 3 Non-Executive Independent Directors
  • Date of Ila Gupta's Resignation Intimation: July 12, 2026
  • Date of Anil Kumar's Resignation Intimation: July 20, 2026
  • Date of Devender Kumar Garg's Resignation Intimation: October 05, 2026

Parties Involved

Resigning Directors:

  • Ms. Ila Gupta (DIN: 06410275) - Resigned due to family commitments and other personal obligations
  • Mr. Anil Kumar (DIN: 09477565) - Resigned due to expansion of other responsibilities
  • Mr. Devender Kumar Garg (DIN: 02316543) - Resigned due to personal prior commitments and health-related reasons

Newly Appointed Directors:

  • Dr. Praveen Kumar Gupta (DIN: 11950022) - Ph.D. in Law, LL.B. and LL.M., Professor & Head, Department of Law, Maharaja Agrasen Institute of Management Studies
  • Dr. Satvir Singh Deswal (DIN: 09554376) - Doctorate in Electrical Engineering, Additional Director and Professor at Maharaja Agrasen Institute of Technology
  • Dr. Viney Kapoor Mehra (DIN: 11976305) - Ph.D. and LL.M., former Founder Vice-Chancellor of Dr. B.R. Ambedkar National Law University, Sonipat

Committee Reconstitution

The Board approved consequential reconstitution of all committees:

1. Audit Committee

  • Mr. Ravi Kumar Gupta (Chairperson, Non-Executive Independent Director)
  • Mr. Ashish Jaitly (Member, Non-Executive Non-Independent Director)
  • Dr. Viney Kapoor Mehra (Member, Non-Executive Independent Director)

2. Nomination and Remuneration Committee

  • Dr. Thomas Mathew (Chairperson, Non-Executive Independent Director)
  • Mr. Ashish Jaitly (Member, Non-Executive Non-Independent Director)
  • Mr. Ravi Kumar Gupta (Member, Non-Executive Independent Director)

3. Stakeholders' Relationship Committee

  • Dr. Viney Kapoor Mehra (Chairperson, Non-Executive Independent Director)
  • Mr. Ravi Kumar Gupta (Member, Non-Executive Independent Director)
  • Dr. Praveen Kumar Gupta (Member, Non-Executive Independent Director)

4. Risk Management Committee

  • Dr. Satvir Singh Deswal (Chairperson, Non-Executive Independent Director)
  • Mr. Ravi Kumar Gupta (Member, Non-Executive Independent Director)
  • Dr. Thomas Mathew (Member, Non-Executive Independent Director)

5. ESG Committee

  • Dr. Thomas Mathew (Chairperson, Non-Executive Independent Director)
  • Dr. Praveen Kumar Gupta (Member, Non-Executive Independent Director)
  • Mr. Ashish Sharma (Member, Executive Director)

6. Executive Committee

  • Mr. Ashish Sharma (Chairperson, Executive Director)
  • Mr. Ravi Kumar Gupta (Member, Non-Executive Independent Director)
  • Mr. Vikas Garg (Member, Executive Director)
  • Mr. Ashish Jaitly (Member, Non-Executive Non-Independent Director)
  • Ms. Bhawna Sharma (Member, Executive Director)

7. High-Powered Steering Committee

  • Dr. Praveen Kumar Gupta (Chairperson, Non-Executive Independent Director)
  • Mr. Ravi Kumar Gupta (Member, Non-Executive Independent Director)
  • Mr. Ashish Sharma (Member, Executive Director)
  • Mr. Ashish Jaitly (Member, Non-Executive Non-Independent Director)
  • Dr. Satvir Singh Deswal (Member, Non-Executive Independent Director)
  • Mr. Amit Dhuria (Member, Vice President - Finance)
  • Mr. Sunil Dhameja (Convenor, President)

Ebix Inc. Board Nomination

Pursuant to Stockholders Agreement dated August 30, 2024, the Board approved nomination of Mr. Ravi Kumar Gupta, Independent Director of the Company, for appointment as Director and Chairman of Ebix Inc. in place of Mr. Devender Kumar Garg.

Reconstituted Board of Ebix Inc.:

  • Mr. Ravi Kumar Gupta (Chairman)
  • Mr. Vikas Garg (Director)
  • Mr. Sunil Dhameja (Director)

Financial Impact

Financial impact not quantified in the disclosure.

Additional Information

  • All new directors confirmed not related to any existing/new directors
  • Required disclosures under Regulation 30 of SEBI LODR Regulations provided
  • Resignation letters received from directors enclosed as annexures