Date: September 01, 2026
KMP / Board / Auditor Changes
Trustee Resignation:
- Ms. Shagufta Sadikot resigned as Trustee of the Faze Three Employee Trust effective close of business hours on Friday, August 14, 2026
- Reason for resignation: Personal reasons
- Resignation was accepted by the Settlor (Faze Three Limited) pursuant to a resolution passed by its Nomination and Remuneration Committee dated August 11, 2026
New Trustee Appointments:
- Mr. Anwar Shaikh, aged 38 years, residing at 05, Shyam Apartment, Kadar Palace, Near M.S. College, Kausa, Thane - 400612, appointed as Trustee effective August 11, 2026
- Mr. Parmeshwar Raman, aged 47 years, residing at C/7, Fairlawn CHS, Sion Trombay Road, Above Bank of Baroda, Chembur, Mumbai - 400071, appointed as Trustee effective August 11, 2026
- Both appointments approved by Nomination and Remuneration Committee resolution dated August 11, 2026
Current Trustee Composition:
1. Mr. Jitendra Ajarekar (continuing Trustee)
2. Mr. Anwar Shaikh (newly appointed)
3. Mr. Parmeshwar Raman (newly appointed)
Disclosure Context
- Disclosure made pursuant to Regulation 3(3) of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- Continuation of company's earlier intimation dated September 16, 2024
- Personal and confidential details of the Company and Trustees were removed from the attachment
Not Specified: Financial Results, Dividend Declaration, Board Meeting Outcomes (other than NRC resolution), Auditor's Report, Disinvestment/Strategic Actions, Media Release/Investor Communication, Other Operational/Legal/Strategic Disclosures