Change in Director / Key Managerial Personnel

Nature of change: Reappointment of three existing Independent Directors and appointment of two new Independent Directors.

Details of Individuals:

  • Mr. Naresh Kumar Jain (DIN: 00227519): Reappointed as an Independent Director for a second term of 5 consecutive years, effective from February 10, 2027. He is a Chartered Accountant and Commerce Graduate with over 40 years of experience in Financial Management, Business Strategy, Project Planning, and liaison with government authorities, primarily in the real estate sector. His key skills include leadership in board governance, business development, financial management, and commercial acumen.
  • Mrs. Sonal Choubey (DIN: 10475331): Reappointed as an Independent Director for a second term of 5 consecutive years, effective from February 10, 2027. She is a Chartered Accountant and Company Secretary with over 9 years of experience in Financial Management, Audit, Accountancy, and Corporate Law. She is currently the Regional Commercial Manager-West Bengal at Nuvoco Vistas Limited. Her key skills include leadership, business analysis, internal control, cost control, and risk assessment.
  • Mr. Aayush Khetawat (DIN: 06968488): Reappointed as an Independent Director for a second term of 5 consecutive years, effective from August 14, 2027. He is a Chartered Accountant and partner at Khetawat & Co., with over 17 years of experience in Audit, Accountancy, Financial Management, Taxation, and Corporate Law. His key skills include leadership, team management, audit, accountancy, financial management, and taxation.
  • Mr. Chandra Prakash Kakarania (DIN: 00203663): Appointed as an Additional Director (Non-Executive) and an Independent Director for a term of 5 consecutive years, effective from August 13, 2026. He is a lawyer/advocate and founding partner of CPK Legal, specializing in real estate, banking, finance, and dispute resolution, with 45 years of professional experience. His key skills include strategic leadership, transactional expertise, legal documentation, and commercial litigation.
  • Dr. Ridhi Agarwala (DIN: 11622124): Appointed as an Additional Director (Non-Executive) and an Independent Director for a term of 5 consecutive years, effective from August 13, 2026. She is a Commerce Graduate with a Post-Graduate Diploma in Management from IIM Kozhikode and a Fellow Program in Marketing from IIM Calcutta. She is a Professor of Marketing and leads Branding and Communication at Praxis Business School.

Effective Date and Tenure: All five appointments are for a term of 5 consecutive years. The reappointments of Mr. Jain and Mrs. Choubey are effective February 10, 2027. The reappointment of Mr. Khetawat is effective August 14, 2027. The new appointments of Mr. Kakarania and Dr. Agarwala are effective immediately from August 13, 2026.

Confirmation of Eligibility: The company confirms that none of the directors are debarred from holding office by SEBI or any other authority. All five directors satisfy the criteria of 'Independence' as prescribed under the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholder Approval: The appointments of all aforementioned Directors are subject to the approval of the shareholders of the Company.

Disclosure Compliance: The disclosure is made pursuant to Regulation 30 of the SEBI Listing Regulations and refers to Master Circular No. HO/89/14/14(7)2025-CFD-POD2/3762/2026 dated January 10, 2026, issued by SEBI. The required annexure with detailed profiles is included.

Board Meeting Details: The Board Meeting where these decisions were made was held on August 13, 2026, commencing at 12:30 P.M. and concluding at 4:25 P.M.

Any Other Material Information

Regulatory Compliance: The filing confirms full compliance with the requisite SEBI Listing Regulations regarding the appointment and re-appointment of Independent Directors.