Nature of the Event

This is a regulatory disclosure intimation submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the appointment of a new Independent Director.

Key Quantitative Figures and Dates

  • The appointment is effective from August 29, 2026.
  • The term of appointment is for five consecutive years.

Parties or Entities Involved

  • Appointee: Ms. Asha Hardikkumar Sukhadiya (DIN: 11721706)

Purpose or Stated Rationale

The appointment is to fill the position of a Non-Executive Independent Director on the company's board.

Brief Profile of the Appointee

Ms. Asha Hardikkumar Sukhadiya is a qualified Chartered Accountant and a tax professional with over a decade of experience. Her expertise includes:

  • Direct tax litigation
  • Withholding tax compliance
  • Statutory and tax audits
  • Practical application of FEMA (Foreign Exchange Management Act) provisions
  • Practical application of Anti-Money Laundering provisions

Disclosure of Relationships

Ms. Sukhadiya has confirmed she has no inter se relationship with any other directors or Key Managerial Personnel (KMPs) of the company.

Compliance Confirmations

The company confirms that Ms. Sukhadiya is not debarred from holding the office of director by virtue of any SEBI order or any other authority.

Other Directorships

Ms. Sukhadiya holds no directorships in any other listed entities.

Declaration of Independence

Ms. Sukhadiya has submitted a formal declaration pursuant to Section 149(7) of the Companies Act, 2013 and Regulation 16(1)(b) of SEBI (LODR) Regulations, 2015, certifying that she meets all the criteria for an independent director. The declaration confirms:

  • She is not a promoter of the company or its holding, subsidiary, or associate company.
  • She is not related to any promoters or directors of the company or its group companies.
  • She has no pecuniary relationship with the company or its group companies.
  • None of her relatives have any qualifying financial interests or transactions with the company as defined by the Act.
  • Neither she nor any of her relatives have been key managerial personnel or employees of the company in the preceding three financial years.
  • She is not less than 21 years of age.
  • She possesses appropriate skills, experience, and knowledge in finance, law, management, and other disciplines related to the company's business.
  • She undertakes to adhere to the Code of Conduct for Independent Directors prescribed in Schedule IV of the Companies Act and to inform the board immediately of any change affecting her independent status.

Financial Impact

Financial impact not quantified in the disclosure.

Capital Structure Impact

No impact on the company's capital structure is mentioned in the disclosure.

Governance Impact

The appointment adds a qualified independent director to the board, enhancing its governance structure.