Nature of change: Appointment of two Additional Directors in the category of Non-Executive Independent Director
Mrs. Richa Sood (DIN: 11816645): Appointed as an Independent Woman Director with effect from August 13, 2026, for a term of five years, subject to shareholder approval at the ensuing General Meeting. She is a seasoned Commercial Pilot with 25 years of experience in the aviation industry, having served with a reputed airline. She holds a Bachelor's degree in Science from St. Bede's College, Shimla. She brings extensive professional experience, strong leadership and decision-making capabilities, and a disciplined approach. She has strong interpersonal and communication skills, keen interest in current affairs and global developments, and is known for remaining composed under pressure.
Mr. Mukul Pathak (DIN: 00051534): Appointed as an Independent Director with effect from August 13, 2026, for a term of five years, subject to shareholder approval at the General Meeting. He has approximately 28 years of experience in teaching and possesses wide-ranging experience and knowledge of Finance, having been associated with reputed institutions.
Eligibility Confirmation: Both directors meet the criteria of independence as prescribed under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of SEBI (LODR) Regulations, 2015. Neither is debarred from holding the office of director by virtue of any SEBI order or any other authority.
Relationship Disclosure: Neither director is related to any other directors of the company.
Any Other Material Information
Nomination and Remuneration Committee Reconstitution: The Board approved the reconstitution of the Nomination and Remuneration Committee effective August 13, 2026, with the following composition:
Mr. Sanjay Sital Sangtani (Non-Executive Independent Director) - Chairperson
Mr. Ankur Garg (Non-Executive Independent Director) - Member
Mrs. Richa Sood (Non-Executive Independent Director) - Member
Mr. Mukul Pathak (Non-Executive Independent Director) - Member
Board Meeting Details: The meeting was held on Thursday, August 13, 2026, commencing at 12:00 Noon and concluding at 02:34 PM.
Regulatory Compliance: The disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and includes required information under SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Company Information: Scrip Code: 544197 (BSE), Trading Symbol: RETAIL (NSE)
