Nature of change: Appointment of an Additional Director in the category of Non-Executive Independent Director
Name and DIN: Mr. Shanmugam Nagarajan (DIN: 11881663)
Effective date and tenure: Appointment effective from August 10, 2026, for a first term of 3 consecutive years, subject to shareholder approval to be obtained within three months
Profile and qualifications: Mr. Nagarajan holds a Bachelor of Engineering (B.E.) in Electrical and Electronics Engineering and a Master of Business Administration (MBA). He has over four decades of experience spanning Industry, Infrastructure, Energy and Power, with early leadership experience in emerging businesses such as Data Centers. During his 20-year association with Schneider Electric, he held leadership positions across nearly every major business unit, with responsibilities spanning India, Sri Lanka, Bangladesh and the MINA region. As the leader of Global Strategic Accounts, he played a pivotal role in developing and expanding new regional markets in India and globally. His experience combines strategic leadership, business development, market expansion and operational management across diverse geographies and industry segments.
Eligibility confirmation: Mr. Shanmugam Nagarajan is not debarred from holding the office of Director by virtue of any SEBI Order or any other such Authority.
Relationship with other directors: Mr. Shanmugam Nagarajan is not related to any of the directors of the Company.
Approval process: The appointment was approved by the Board of Directors via resolution passed by circulation on August 8, 2026, based on the recommendation of the Nomination and Remuneration Committee of the Company, with DIN approval received on August 10, 2026.
