Mr. Berjis Desai (DIN: 00153675), Non-Executive Director, was liable to retire by rotation at the 40th Annual General Meeting (AGM).
He did not offer himself for re-appointment and has retired as Non-Executive Director of the Company upon conclusion of the 40th AGM.
Effective date of cessation: 13th August, 2026.
Reason for not seeking re-appointment: His appointment as a Member of the National Commission for Minorities and consideration of his time commitment in this regard.
Re-appointment of Independent Director
Shareholders have approved the re-appointment of Ms. Rujuta Jagtap (DIN: 00861890) as an Independent Director by way of Special Resolution.
Term: Three (3) years with effect from 21st August, 2026 till 20th August, 2029.
She is not liable to retire by rotation during this term.
A separate communication regarding approval of her re-appointment will be sent after declaration of voting results of the AGM.
Director Profile and Qualifications
Ms. Rujuta Jagtap completed her Masters in Business Management (MBA) in International Business in 2002 from Symbiosis.
Current positions: Executive Director on the Board of Saj Test Plant Pvt. Ltd. and member of the Board of Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) since 2018.
Experience: More than 23 years of versatile experience in management, administration, and marketing.
Previous employment: TATA Steel Ltd. and Standard Chartered Grindlays Bank.
Additional roles: First Woman Chairperson of Indo American Chamber of Commerce, Chairperson of British Business Group, and member of The Indus Entrepreneurs (TIE) where she serves as Judge on their Business Plan Competitions (a joint initiative with PRAJ).
