Board Resolution Details

The Board of Directors of the Company, based on the recommendation of the Nomination and Remuneration Committee and subject to approval of the members, approved the following changes via circular resolution dated July 3, 2026:

Director Appointments

1. Mr. Vikas Jain (DIN: 11383069)

  • Position: Additional (Non-Executive, Non-Independent) Director
  • Effective Date: July 6, 2026
  • Qualifications: Chartered Accountant, Bachelor's degree in Commerce from Mumbai University
  • Experience: Over 19 years of expertise across retail credit, mortgages, home loan services, credit risk management, auto and mortgage lending, and building strategic partnerships with banks and financial institutions
  • Current Role: Co-Head Debt Finance at Lodha Group since 2013
  • Previous Roles: Head of Retail Credit (Auto Loans – North & West Regions) at Kotak Mahindra Prime Limited, assignments at ICICI Bank Limited and Ruchi Soya Industries Limited
  • Relationship Disclosure: Not related to any of the current Directors of the Company
  • Regulatory Status: Not debarred from holding office of director by virtue of any SEBI order or authority

2. Mr. Sanjay Bahad (DIN: 09066910)

  • Position: Additional (Non-Executive, Independent) Director
  • Term: 5 consecutive years from July 6, 2026 to July 5, 2031
  • Qualifications: Bachelor's Degree in Civil Engineering from Amravati University, Professional degree in Project Management (PMP) from USA
  • Experience: Over three decades of experience in construction, site management, project management, planning, execution, quality control management, safety management, monitoring & controlling, and handling over of various Civil Construction Projects in India
  • Previous Associations: SKANSKA Cementation, TCE Consulting Engineers, Louis Berger Group, Delhi Metro Rail Corporation, CIDCO, MMRDA, Dedicated Freight Corridor Corporations, Nagpur Metro
  • Current Role: Associated with Consulting Engineer Group
  • Relationship Disclosure: Not related to any of the current Directors of the Company
  • Regulatory Status: Not debarred from holding office of director by virtue of any SEBI order or authority

Director Cessation

Mr. Bhushan Shah (DIN: 07484485)

  • Reason for Cessation: Completion of second term as Independent Director
  • Effective Date: Close of business hours on July 5, 2026
  • Position: Independent Director (ceasing)

Additional Information

Filing Details

Filed by Hitesh Marthak, Company Secretary and Compliance Officer (Membership No.: A18203) on July 3, 2026, at 17:57:22 +05'30'.