Nature of change: Appointment of Mr. Tushar Arvind Vaidya as Additional Director in the category of 'Non-Independent Non-Executive Director'
Name and DIN: Mr. Tushar Arvind Vaidya (DIN not disclosed in the document)
Effective date: October 20, 2026. The appointment is subject to approval of the Shareholders of the Company
Profile and qualifications: Mr. Vaidya has over 35 years of experience across India and Middle East, including 20 years in full P&L leadership. Industries covered: industrial manufacturing, building materials, FMCG, telecommunications, and private equity. Previous positions: senior leadership roles at Nestlé, Tata Teleservices (India), Suhail Bahwan Group (Oman), and Mohsin Haider Darwish Group (Oman). Prior board experience: Non-Executive Director and Executive Committee Member of Oman Ceramics SAOG (listed on Muscat Stock Exchange). Education: MBA in Marketing and Finance from XLRI Jamshedpur, Bachelor of Science in Physics from University of Mumbai, Independent Director Certification from Ministry of Corporate Affairs, Government of India
Eligibility confirmation: Mr. Vaidya is not debarred from holding the office of Director by virtue of any SEBI order or any other authority
Relationship disclosure: Not related to any Directors or Key Managerial Personnel of the Company and does not hold any shares of the Company
Approval process: Appointment made pursuant to recommendation of Nomination and Remuneration Committee held earlier on October 20, 2026, and subject to shareholder approval
Board Meeting Details
Meeting date: October 20, 2026
Meeting timing: Commenced at 7:30 p.m. IST and concluded at 8:30 p.m. IST
Regulatory compliance: Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
