Key Details of Appointment
The Board of Directors of the Company, based on the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Prem Singh (DIN: 02315083) as an Additional Director in the capacity of a Non-Executive Independent Director.
Appointment Terms
The appointment is for a first term of 5 consecutive years effective from May 29, 2026. The appointment is subject to the approval of the shareholders of the Company within the timeline prescribed under the SEBI LODR Regulations and the Companies Act, 2013.
Director Qualifications and Profile
Prem Singh is a seasoned financial markets and accounts professional with 20 years of extensive experience in stock market operations, online trading desk management, and core financial accountancy. He brings deep operational expertise in Indian equity markets, exchange mechanisms, and risk management, complemented by 2 years of specialized arbitrage trading. He is a commerce graduate who cleared the NISM certification in 2007.
Independence and Relationship Disclosure
Prem Singh is not related to any of the existing Directors or Key Managerial Personnel (KMP) of the Company. He satisfies all the criteria of independence as provided under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI LODR Regulations.
Regulatory Compliance Confirmation
The company confirms that Prem Singh is not debarred or disqualified from holding the office of director by virtue of any order passed by SEBI, MCA, or any other statutory/regulatory authority, in line with BSE Circular LIST/COMP/14/2018-19 and NSE Circular NSE/CML/2018/24 dated June 20, 2018.