Key Decision
The Board of Directors at its Meeting held on August 11, 2026 approved the appointment of Shri Brajesh Palsaniya (DIN: 10262792) as an Additional Director of the Company with effect from August 11, 2026.
Approval Process
The appointment was made upon recommendation of the Nomination and Remuneration Committee and is subject to the approval of shareholders.
Meeting Details
The Board Meeting commenced at 04:00 p.m. and concluded at 05:00 p.m. on August 11, 2026.
Director Profile
Shri Brajesh Palsaniya is a Fellow Chartered Accountant (FCA) with over three decades of experience in strategic finance, capital restructuring, and corporate governance. His professional background includes:
- Director of Treasury & Corporate Strategy at Raymond Ltd. and Bajaj Energy Ltd.
- Head of Treasury at Kesoram Industries Ltd.
- General Manager of Corporate Finance at Suzlon Energy Ltd., where he masterminded a ₹20,000 crore Corporate Debt Restructuring (CDR) roadmap.
- Key financial leadership positions at Shah Alloys Ltd., Intas Pharmaceuticals Ltd., and Vadilal Industries Ltd.
Awards and Recognition
- Recipient of the Dr. APJ Abdul Kalam Azad Inspiration Award from the Government of India for outstanding contributions to finance and nation building.
- Named one of India's Top 20 Treasury Champions.
- Honored with the Global Indian Award and the Indian Achievers Award for exemplary business leadership.
Relationship Disclosure
Shri Brajesh Palsaniya is not related to any Director or Key Managerial Personnel of the Company.
Financial Impact
No financial impact disclosed in the filing.