Nature of change: Appointment of Additional Director under the category of Non-Executive Independent Director
Name and DIN: Mr. Atul Hiralal Shah (DIN: 02538052)
Effective date and tenure: Appointment effective from 20th June 2026 for a term of five consecutive years, subject to shareholder approval
Profile and qualifications: Fellow member of the Institute of Chartered Accountants of India; Joint Managing Partner of M/s G. M. Kapadia & Co., Chartered Accountants; Head of the Firm's Assurance and Corporate Laws Practice; Over 35 years of experience in conducting various audits; Spearheads the Firm's Accounting and Compliance practice; Primarily responsible for due diligence reviews and corporate law matters; Qualified systems auditor; Previously co-opted as member on Expert Advisory Committee and invitee to the Accounting Standard Board of ICAI
Eligibility confirmation: Not debarred from holding office of director by virtue of any SEBI order or any other authority; Compliance with Regulation 17(1C) and Regulation 25(2A) of SEBI Listing Regulations and relevant provisions of Companies Act, 2013 confirmed
Relationship with other directors: Not related to any existing director
Governance implications: Appointment as Non-Executive Independent Director enhances board independence and brings extensive financial, audit, and corporate law expertise
Approval Process
Appointment based on recommendation of the Nomination and Remuneration Committee of the Board
Approved by Board of Directors in meeting held on 15th June 2026
Subject to subsequent approval of shareholders of the Company
