Summary of Key Information:

Nature of Filing / Announcement: Appointment of Senior Managerial Personnel (SMP)

Management Change Details:

  • Appointee: Mr. Darshak Mehta
  • Position: Chief Executive Officer (CEO) for the brand "NEAT EVERYDAY"
  • Effective Date: September 01, 2026
  • Category: Senior Management Personnel (SMP)
  • Approval Authority: Board of Directors based on recommendation of Nomination and Remuneration Committee

Brief Profile of Mr. Darshak Mehta:

  • 31 years of experience across retail, multi-site operations, mall leasing, food services, hospitality, and B2B operations
  • Major career spent with Reliance Retail, progressing from Store Manager to Vice President & Business Head
  • Led operations for 170 Metro M2 (cash & carry) stores together with mall leasing and food services for Reliance Malls
  • Previous leadership roles in family entertainment center development (Fun Republic/E City Entertainment)
  • Hotel operations experience (Hyatt Regency, Holiday Inn, Inder Residency)
  • General management experience in BPO/back-office operations

Educational Qualifications:

  • Post Graduate Diploma in Business Administration (Finance) from Symbiosis Institute, Pune (2004)
  • Hotel Management degree from Shannon College of Hotel Management, Ireland (1987)
  • Hotel Management Diploma from B.K. Somani Polytechnic, Mumbai (1983)
  • Recipient of recognition from Comité Interprofessionnel du Vin de Champagne (1986)
  • Winner of the All Ireland Management Game, Dublin (1985)

Shareholding and Relationships:

  • Shareholding in the Company: Nil
  • Not related to Promoters or any members of Board of Directors of the Company or their relatives

Additional Information:

  • The disclosure is also available on the Company's website at www.groupmangalam.com
  • Signed by Karansingh I. Karki, Company Secretary & Compliance Officer (Mem. No. A30021)