Change in Director / Key Managerial Personnel

Nature of change: Re-appointment of Independent Director

Name and DIN: Mr. Girish Vanvari (DIN: 07376482)

Effective date and tenure: Re-appointed as Independent Director (Non-Executive) for a second term of 5 consecutive years from 29 July 2026, subject to approval of shareholders in the ensuing annual general meeting. Not liable to retire by rotation.

Brief profile and qualifications: 54 years old, Fellow member of the Institute of Chartered Accountants of India. Over 27+ years of consulting experience across multiple leading firms, including 13+ years with KPMG where he was National Leader for Tax and part of the India Leadership Team. He was responsible for setting up and expanding the M&A Tax practice of KPMG India and built an exclusive legacy of work in M&A, transactions, and restructuring space for some of the biggest deals in the country. Prior to KPMG, he was at Arthur Andersen for over a decade. Has worked with large multinationals and Indian promoter companies across sectors including manufacturing, infrastructure, telecom, IT/ITes, energy and natural resources, financial services, auto, pharmaceutical, and FMCG.

Shareholding: Holds 50,000 Equity Shares of Rs. 10 each of the company.

Confirmation of eligibility: Mr. Girish Vanvari is not debarred or disqualified from being appointed as director by the Ministry of Corporate Affairs/SEBI or any such statutory authority.

Relationship with other directors: Not applicable (N.A.)

Senior Management Personnel Designations

The Board designated the following four executives as Senior Management Personnel of the Company effective 22 May 2026:

1. Mr. Anil Dwivedi - Chief Development Officer

  • Leads delivery excellence, project governance, and the company's development and growth agenda
  • Provides strategic oversight across the project lifecycle to ensure quality, efficiency, and timely execution
  • Over 30 years of experience in real estate and institutional and warehousing developments
  • Previously served as Managing Director – Western India, Project Management at Colliers
  • Held senior leadership roles across Mumbai, Delhi, and Bengaluru
  • Recognized for strong technical expertise, strategic leadership, and ability to embed robust governance and cost control frameworks

2. Mr. Vishal Mariya - Chief Human Resources Officer

  • Reports to the Managing Director and leads the Group's people and administrative functions
  • Over 19 years of experience across FMCG, Real Estate, and EPC sectors
  • Held senior HR leadership roles at organizations including KEC International, Raychem RPG, CEAT Tyres, Godrej
  • Alumnus of MDI Gurugram with Master's in Human Resource Development & Management and B. Tech in Computer Science
  • Known for aligning HR strategy with business goals, building future-ready talent, and fostering collaborative culture

3. Mr. Pranav Mehta - Chief Business Officer – Pune

  • Responsible for leading the Pune region's growth, revenue, profitability, and overall business performance
  • Drives strategic execution and operational excellence to strengthen company's market position in Pune
  • Over 19 years of experience in real estate
  • Spent over a decade at Godrej Properties, playing key role in shaping high-growth regions including Pune, Mumbai, NCR, and Kolkata
  • Has led investment portfolios exceeding 20 million sq. ft. of development potential
  • Recognized for strong business acumen, entrepreneurial mindset, and ability to translate strategy into sustained growth

4. Mr. Mahendra Kumar Chauhan - Business Head - Mumbai

  • Distinguished business leader with nearly two decades of experience in real estate sector
  • Spearheads company's Mumbai operations, driving large-scale redevelopment and development initiatives
  • Played pivotal role in new market creation and business expansion across Pune and Mumbai
  • Instrumental in building company's redevelopment portfolio in Mumbai from nascent stage
  • Expertise spans land acquisition, due diligence, project planning for complex, high-value developments
  • Ensures strong governance, regulatory compliance, and customer-centric delivery
  • Robust foundation in finance and prior leadership experience across infrastructure and industrial sectors
  • Committed to fostering high performance culture and mentoring teams

Declarations: All designations have N.A. for relationships between directors and declarations as per requirements.