Nature of change: Retirement as Independent Director and Chairman of the Board
Name and DIN: Mr. Sekhar Natarajan (DIN: 01031445)
Effective date: July 26, 2026 (end of day)
Tenure: Originally appointed July 27, 2016 for 5 years, re-appointed for another 5 years ending July 26, 2026
Retirement reason: Pursuant to Section 149(11) of the Companies Act, 2013 after serving continuous period of 10 years
Committee positions ceased: Chairman of Audit Committee, Member of Risk Management Committee, Member of Nomination and Remuneration Committee, Member of Corporate Social Responsibility Committee, and Member of Stakeholders Relationship Committee
Appointment of Mr. Sunil Khanduja
Nature of change: Appointment as Chairman of the Board of Directors
Name and DIN: Mr. Sunil Khanduja (DIN: 10041581)
Effective date: July 27, 2026
Succession Planning
The Board will appoint a new Independent Director to replace Mr. Sekhar Natarajan in due course within statutory deadlines
Board Meeting Details
Meeting date: July 21, 2026
Meeting timing: Commenced at 3:15 p.m., concluded at 3:35 p.m.
Regulatory reference: Disclosure under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
SEBI Master Circular reference: SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
