Key Details of Cessation

Three Independent Directors have completed their second and final term and ceased to hold office effective close of business hours on June 8, 2026:

  • Mr. Keyoor Madhusudan Bakshi (DIN: 00133588)
  • Mr. Pankaj Mangharam Kotak (DIN: 07809016)
  • Ms. Pooja Hemang Khakhi (DIN: 07522176)

The cessation is due solely to completion of the maximum ten-year tenure limit for Independent Directors as per the Companies Act, 2013 and SEBI Listing Regulations. There are no other material reasons for cessation.

Committee Memberships Ceased

All directors ceased membership from various board committees effective June 8, 2026:

Mr. Keyoor Madhusudan Bakshi:

  • Chairman of Audit Committee
  • Member of Nomination and Remuneration Committee
  • Chairman of Risk Management Committee

Mr. Pankaj Mangharam Kotak:

  • Member of Audit Committee
  • Chairman of Nomination and Remuneration Committee
  • Member of Risk Management Committee
  • Chairman of Corporate Social Responsibility Committee
  • Member of Shareholders Relationship Committee

Ms. Pooja Hemang Khakhi:

  • Member of Audit Committee
  • Member of Nomination and Remuneration Committee
  • Member of Risk Management Committee
  • Chairperson of Shareholders Relationship Committee

Additional Impact

Mr. Pankaj Mangharam Kotak has also ceased to be a Director of Riya Internation Pte. Ltd., a material subsidiary of the Company, effective from the close of business hours on June 8, 2026.

Tenure History

  • Mr. Keyoor Madhusudan Bakshi: Originally appointed as Additional Director on June 9, 2016
  • Mr. Pankaj Mangharam Kotak: Originally appointed on May 5, 2017 to fill casual vacancy (original term commenced June 9, 2016)
  • Ms. Pooja Hemang Khakhi: Originally appointed as Additional Director on June 9, 2016

Financial Impact

No financial impact quantified in the disclosure. The change is governance-related affecting board composition and committee memberships.