1. Appointment of Additional Director

  • Mr. Chetash Mehta (DIN: 11907238) appointed as Additional Non-Executive Independent Director
  • Term: 5 consecutive years effective from September 3, 2026, until the date of the ensuing Annual General Meeting
  • Appointment subject to approval of company members
  • Profile: Results-driven banking professional with 15 years of continuous experience at HDFC Bank, serving as Branch Manager in Ahmedabad for a decade. Specializes in complete branch operations, business development, team leadership, and portfolio growth across CASA, retail assets, and wealth products.
  • Not related to any Director, Key Managerial Personnel, or Promoters of the Company
  • Not debarred from accessing capital markets or restrained from holding director position in any listed company by SEBI or any other authority

2. Reconstitution of Committees

Effective September 3, 2026, the following committee compositions were approved:

Nomination and Remuneration Committee (NRC)

  • Mr. Chetash Mehta - Chairperson
  • Mr. Sujit Gulati - Member
  • Mrs. Pankti Parth Shah - Member

Stakeholder Relationship Committee (SRC)

  • Mr. Sujit Gulati - Chairperson
  • Mr. Kurang Panchal - Member
  • Mr. Chetash Mehta - Member

Corporate Social Responsibility Committee (CSR)

  • Mr. Rajendra Baldevbhai Patel - Chairperson
  • Mr. Kurang Ramchandra Panchal - Member
  • Mr. Chetash Mehta - Member

3. Change in Designation

  • Mr. Kurang Ramchandra Panchal (DIN: 00773528) designation changed from Managing Director to Chairman and Managing Director
  • Term: 5 consecutive years effective from September 3, 2026, until the date of the ensuing Annual General Meeting
  • Change subject to approval of company members
  • Profile: Executive leadership ensuring unified strategic direction. Under his vision, strategic leadership, and extensive experience, the company has scaled significant growth and strengthened its operational foundation.
  • Already related to the company as Managing Director
  • Not debarred from accessing capital markets or restrained from holding director position in any listed company by SEBI or any other authority