Date: November 12, 2026

KMP / Board / Auditor Changes

Appointment of Independent Director:

  • Mr. B. Vaidyanathan (DIN: 00263983) has been appointed as an Independent Director under the non-executive director category.
  • The appointment is effective from November 12, 2026.
  • The appointment is subject to the approval of the shareholders.
  • The appointment was based on the recommendation of the Nomination and Remuneration Committee (NRC) made in its meeting held on November 12, 2026, and approved by the Board of Directors in their meeting held on the same date.

Brief Profile of Mr. B. Vaidyanathan:

  • He is a B. Tech Graduate from IIT Madras in Electronics (1978).
  • He holds a Post-Graduate Diploma in Management (PGDM) from IIM, Ahmedabad (1980).
  • He began his career as a Management Trainee at Pond's (India) Ltd in 1980.
  • He worked at Pond's/Hindustan Lever until 1998, heading the Export Division as General Manager Exports.
  • He subsequently joined Sanmar Engineering in 1999 and served as the Executive Vice President of Tyco Sanmar and Flowserve Sanmar Ltd.
  • He joined Engelhard Environmental Systems in 2002 as Managing Director. Engelhard was a global leader in catalysts, and he played a key role in establishing it as the leader in the Indian Auto Catalyst business.
  • Following the global acquisition of Engelhard by BASF in 2006, he continued as the Managing Director of BASF Catalysts India until April 2017. He established a Greenfield site for BASF, which was inaugurated in March 2017.
  • He is currently serving as a member of the Board of Directors and as a mentor for a few companies at the IIT Madras Incubation Centre.

Disclosure of Relationships:

  • Mr. B. Vaidyanathan is not related to any other member of the Board of Directors.

Board Meeting Outcomes

  • The Board of Directors, in their meeting held on November 12, 2026, approved the appointment of Mr. B. Vaidyanathan as an Independent Director, based on the NRC's recommendation.

Regulation & Compliance

  • The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • The required details are provided as per SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023.

Other Operational / Legal / Strategic Disclosures

Not Specified

Financial Results (Standalone & Consolidated)

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Auditor’s Report

Not Specified

Disinvestment / Strategic Actions

Not Specified