Nature of change: Re-appointment of Mr. Malav Dani (DIN: 01184336) as Managing Director by extension of term
Effective date: August 05, 2026
Term: 5 years commencing from August 05, 2026 to August 04, 2031, not liable to retire by rotation
Profile: Mr. Malav Ashwin Dani holds a Bachelor of Science degree from Purdue University and an MBA from Columbia University. He completed a six-year tenure at General Electric (GE) where he completed the Information Management Leadership Program (IMLP) and the Six Sigma Black Belt Program. At GE's Corporate Treasury, he led an award-winning project that received the prestigious Alexander Hamilton Corporate Treasury Award. He has led Hitech Corporation Limited's growth and strategic expansion since 2011, and also serves as President of Hitech Global Inc. in the United States. Mr. Dani is a Board Member of the Jackson School of Global Affairs at Yale University and serves as Chairman of the Indian American International Chamber of Commerce (IAICC) International Board. He is a member of the technical committee of the Bureau of Indian Standards (AYUSH) and part of the Council of Management at the Forum of Free Enterprise.
Relationship: Mr. Malav Dani is son of Mrs. Ina Dani, Non–Executive Non-Independent Director of the Company. He is not related to any other Director/KMP of the Company.
Compliance: Not debarred from holding office of director by virtue of any SEBI order or any other authority
Appointment of Independent Director
Nature of change: Appointment of Mr. Mehli Golvala (DIN: 02234105) as Independent Non-Executive Director
Effective date: May 08, 2026
Term: 5 consecutive years with effect from May 08, 2026 to May 07, 2031, not liable to retire by rotation
Profile: Mr. Mehli M. Golvala is a Fellow Member of the ICAI with over 40 years of experience in taxation laws. He previously served as the Managing Partner and Senior Tax Partner at Kalyaniwalla & Mistry LLP (3 years back), where he specialized in tax advisory and litigation for diverse sectors including manufacturing, real estate, shipping, and financial services for both domestic and multinational corporations. His expertise in fiscal laws and corporate governance makes him an asset to the Board's Finance and Audit committees.
Relationship: Not related to any other directors or Key Managerial Personnel (KMP) of the Company
Compliance: Not debarred from holding office of director by virtue of any SEBI order or any other authority
