Nature of change: Re-appointment of Mr. Praveen Bhatia (DIN: 00147498) as Non-Executive Independent Director for a second term
Effective date and tenure: Term commences June 24, 2026 and continues for 5 years until June 23, 2031
Approval process: Approved via Circular Resolution by Board of Directors on June 23, 2026 based on recommendation of Nomination and Remuneration Committee
Shareholder approval: Re-appointment is subject to approval of shareholders of the Company
Qualifications and experience: Mr. Bhatia holds Bachelor of Commerce degree from University of Delhi and is a qualified Chartered Accountant (fellow member of ICAI) with over 33 years of experience in issue management, mergers & amalgamations, foreign collaborations, project consultation, loan syndication, audit & taxation, and investment advisory services
Eligibility confirmation: Mr. Bhatia has confirmed that he satisfies the criteria of independence prescribed under Companies Act, 2013 and SEBI Listing Regulations
Non-disqualification: Confirmed that Mr. Bhatia is not debarred from holding office of director by virtue of any order passed by SEBI or any other authority (per NSE Circular No. NSE/CML/2018/24 dated June 20, 2018)
Director relationships: Mr. Praveen Bhatia is not related to any of the Directors of the Company
Any Other Material Information
Regulatory compliance: Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
Additional compliance: Details provided as per SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023
Company representative: Communication signed by Ramswaroop Radheshyam Thard, Chairman and Managing Director (DIN: 02835505)
