Key Appointments

  • The Board of Directors, through resolutions passed by circulation on July 29, 2026, approved the appointment of two new Additional Directors in the category of Non-Executive Independent Directors, based on the recommendation of the Nomination and Remuneration Committee.
  • Ms. Aabha Bakaya (DIN: 05131734) appointed for a term of two consecutive years with effect from July 29, 2026, subject to shareholder approval.
  • Mr. V. Sehgal (DIN: 05218876) appointed for a term of two consecutive years with effect from July 29, 2026, subject to shareholder approval.

Director Cessations

  • Mrs. Shivani Wazir Pasrich (DIN: 00602863) completed her second term as Independent Director on July 28, 2026. She was originally appointed for her second term of three consecutive years effective July 29, 2023.
  • Ms. Kanika Agnihotri (DIN: 09259913) completed her second term as Independent Director on July 28, 2026. She was originally appointed for her second term of three consecutive years effective July 29, 2023.

Director Backgrounds

Ms. Aabha Bakaya: Senior financial news editor, anchor and entrepreneur with over two decades of experience in business journalism, content curation, news reporting and live broadcasting. Founder and Chief Executive Officer of Ladies Who Lead. Previously held senior editorial and anchoring positions with India Today Group/Business Today TV, ET NOW, Bloomberg TV India, NDTV Profit, CNBC TV18 and Business Today Magazine. Holds a bachelor's degree in media communications from the University of New South Wales, Sydney, and a certificate in Creative Writing and Screenwriting from Columbia University, New York. Recognized as the Best Business News Anchor in 2022.

Mr. V. Sehgal: Global industrials advisor with over two decades of experience in capital allocation, cross-border mergers and acquisitions, restructuring and strategic transformation across the Americas, Europe and Asia. Global Head of Automotive and Executive Vice Chairman at Rothschild & Co. Currently serves on the Boards of Cyient Limited. Holds degrees in Mechanical Engineering from the University of Delhi, Industrial Engineering from the University of Florida, and Engineering from the Massachusetts Institute of Technology, along with an MBA from the University of Chicago with a focus on finance and economics.

Relationships and Governance

  • Both newly appointed directors (Ms. Aabha Bakaya and Mr. V. Sehgal) are not related to any other Director of the Company.
  • The Board and management expressed appreciation for the contributions of the outgoing directors, Mrs. Shivani Wazir Pasrich and Ms. Kanika Agnihotri, during their tenures.