Nature of change: Appointment of an Additional Director in the category of Non-Executive Independent Director.
Name and DIN: Dr. S.R. Shriraam Shekher (DIN: 01885451).
Effective date and tenure: Appointment is effective from 30th September 2026 for a term of five consecutive years, ending on 29th September 2031. The appointment is subject to approval by the shareholders of the Company.
Profile and qualifications: Dr. S.R. Shriraam Shekher is 65 years old. His brief profile includes:
Profession: Insolvency Professional, Advocate, and Accredited Mediator/Arbitrator based in Chennai.
Qualifications: M.Com, MBA, M.L., and Ph.D. He is a Fellow of AICADR and a Certified Forensic Auditor (ICSI). He is also a Certified Independent Director, CSR Professional, and Mediator of IICA, Ministry of Corporate Affairs, Government of India (Independent Directors' Databank No. IDDB-DI-202003-020908).
Experience: Former Indian Air Force Senior Non-Commissioned Officer (16 years), 15 years of corporate experience as a Promoter Director and CEO, and 14 years practising as an Advocate. He has served as Interim Resolution Professional, Resolution Professional, Liquidator, and Monitoring Committee Chairman in several insolvency matters. He is an empanelled Insolvency Professional with SBI, IOB, IDBI Bank, Indian Bank, and PNB.
Eligibility confirmation: Dr. Shekher has confirmed that he meets the criteria of independence as prescribed under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI Listing Regulations. The company confirms he is not debarred from holding the office of Director by virtue of any SEBI or other authority order, per NSE Circular No. NSE/CML/2018/24 and BSE Circular No. LIST/COMP/14/2018-19.
Relationship with other directors: Dr. S.R. Shriraam Shekher is not related to any Director or Key Managerial Personnel of the Company.
Approval process: The appointment was approved by the Board of Directors via a resolution passed by circulation on 30th September 2026, based on the recommendation of the Nomination and Remuneration Committee.
Any Other Material Information
Regulatory compliance: The disclosure is made pursuant to Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The requisite disclosure as prescribed under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026 is enclosed as Annexure-A.
Company contacts: The letter is signed by B.Sharath, Company Secretary & Compliance Officer.
