Key Decision

Members of the Company have approved the re-appointment of Mr. Yogesh Kapur (DIN 00070038) as an Independent Director for a second term of 5 consecutive years.

Appointment Details

  • Date of re-appointment: July 29, 2026
  • Term commencement: From the conclusion of the 13th Annual General Meeting held on July 29, 2026
  • Term duration: 5 consecutive years
  • Basis of appointment: Based on recommendations of the Nomination, Remuneration & Compensation Committee and the Board of Directors

Director Profile

Mr. Yogesh Kapur is a Fellow Chartered Accountant (FCA) with over 43 years' experience in the financial services sector:

  • Career timeline:
  • 1983: Started career with Housing Development Finance Corporation Ltd (HDFC)
  • 1991: Moved to Investment Banking with HSBC
  • 1994: Joined Enam Securities Pvt. Ltd.
  • 2012: Moved to Axis Capital Ltd. (after Axis Bank acquired Enam Securities' Investment Banking business)
  • 2014: Joined Axis Bank as Head-Strategic Relationship Group-Wholesale banking for north India
  • 2017: Rejoined Axis Capital Ltd as Managing Director – special coverage (contract ended Mid November 2022)

Professional Experience

  • Engaged with corporates preparing to list on public markets
  • Advised companies on strategic initiatives, reorganization, business/corporate restructuring
  • Closely engaged with DIPAM for initial listings and further divestments in public sector companies
  • Worked on international assignments for USAID and World Bank in Sri Lanka and Ghana during HDFC tenure
  • Served on committees set up by SEBI/Government of India - Ministry of Finance to examine ADR/GDRs and FCCBs regulations

Current Board Positions

Mr. Kapur currently serves on the boards of:

  • ASK Automotive Ltd
  • Relaxo Footwear Ltd
  • Rico Auto Industries Ltd.
  • Polyplex Corporation Ltd.
  • Safex Chemicals Ltd. (including its UK Subsidiary Briar Chemicals Ltd.)

Regulatory Compliance Disclosures

  • Director relationships: Mr. Yogesh Kapur is not related to any Director of the Company
  • Debarment status: Not debarred from holding the office of Director pursuant to any SEBI order or any other such authority

Filing Details

  • Filed with: BSE Limited and National Stock Exchange of India Limited
  • Attachment: Annexure A containing required disclosure details