Key Management Changes

The Board of Directors at its meeting held on 26th May, 2026 approved the following senior management changes based on the recommendation of the Risk Management Committee:

1. Transition of Ms. Jarly Manjesh: The current Chief Risk Officer will transition into a new strategic operational role as Head – Group Finance Transformation. This change takes effect from the close of business hours on 26th May, 2026. The reason for change is documented as "Internal re-organisation".

2. Appointment of Mr. Gopikrishnan J: Head of Operations Tamil Nadu is appointed as the new Chief Risk Officer (CRO) of the company with effect from 26th May, 2026. The appointment is on a full-time regular employment basis, with terms governed by the Letter of Appointment and other terms approved by the Risk Management Committee.

Profile of New Chief Risk Officer

Mr. Gopikrishnan Jayakumar is an automobile industry professional with over 22 years of experience in sales, marketing, dealership operations, network expansion and business strategy. He currently serves as Head – Operations, Tamil Nadu for PVSL.

His previous experience includes:

  • Group CEO of Kaveri Garage Private Limited, overseeing operations of multiple automotive brands including Tata Motors, Ather and Isuzu
  • Leadership roles at Renault India Private Limited, Tata Motors Limited, Honda Siel Cars India Limited and TAFE

He has extensive expertise in regional sales management, dealer development, customer relationship management and operational efficiency, and has received several awards for sales achievement and leadership excellence.

Financial Impact

No financial impact quantified in the disclosure.