Completion of Independent Director Tenure
Mr. Jai Shishir Diwanji (DIN: 00910410) completed his term of 5 years as an Independent Director of the Company. His tenure ended effective from the close of business hours on June 30, 2026, in accordance with Section 149(11) of the Companies Act, 2013. Consequently, he ceased to be both an Independent Director of the Company and a member of the Audit Committee.
The Board of Directors and Management expressed appreciation for Mr. Diwanji's contributions during his association with the Company.
Audit Committee Reconstitution
The Board of Directors approved via circular resolution the reconstitution of the Audit Committee, effective immediately from June 30, 2026. Shri. Chandrahas Vinod Zaveri was inducted as a new member of the Audit Committee.
The reconstituted Audit Committee composition is as follows:
| S. No. | Name of Member | Position | Category of Director |
| 1 | Shri. Keval Navinchandra Doshi | Chairman | Independent |
| 2 | Smt. Varsha Rakesh Jain | Member | Independent |
| 3 | Shri. Rushabh Jayant Vora | Member | Independent |
| 4 | Shri. Chandrahas Vinod Zaveri | Member | Independent |
| 5 | Shri. Kirat M. Patel | Member | Non-Independent |
| 6 | Shri. Utsav R. Kapadia | Member | Non-Independent |
The committee now comprises four Independent Directors and two Non-Independent Directors.
Financial Impact
No financial impact quantified in the disclosure. The changes are related to corporate governance and board composition.