Nature of change: Re-appointment of two Independent Directors
Mr. Arvind Ghei:
DIN: Not explicitly provided
Effective date: 03 September 2026 (subject to shareholder approval at ensuing AGM)
Term: Three consecutive years until conclusion of Annual General Meeting in FY2029
Profile: Brings over 38 years of experience across finance, hospitality, and strategic consulting. Holds BA (Hons) in Economics from St. Stephen's College and master's in financial management from Jamnalal Bajaj Institute of Management Studies. Held senior leadership roles including CFO of Fern Hotels and Mars Group, and JMD of Asia Pacific Hotels (Taj Group). Served on Board of Woodstock School, Mussoorie, chairing its Finance and Audit Committees.
Eligibility: Confirmed satisfaction of independence criteria under Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Not debarred from holding office of Director by any SEBI or competent authority order.
Relationship: No inter-se relationship with other Directors/Key Management Personnel
Mrs. Shobhana Joshi:
DIN: Not explicitly provided
Effective date: 03 September 2026 (subject to shareholder approval at ensuing AGM)
Term: Three consecutive years until conclusion of Annual General Meeting in FY2029
Profile: Brings over 37 years of distinguished service in Government of India, including as Secretary (Defense Finance). Graduate of National Defense College, Delhi. Holds M.Phil. in Strategic and Defense Studies and completed executive education at Harvard Kennedy School. Deep expertise in defense finance, procurement, and policy. Held key roles across Ministry of Defence, overseeing budget formulation and financial scrutiny. Founding member and Co-Chairperson of SAMDeS, a leading aerospace, maritime and defence think tank.
Eligibility: Confirmed satisfaction of independence criteria under Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Not debarred from holding office of Director by any SEBI or competent authority order.
Relationship: No inter-se relationship with other Directors/Key Management Personnel
Approval Process: Recommendation made by Nomination and Remuneration Committee and approved by Board of Directors at meeting held on 28 July 2026
Regulatory Compliance: Filed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with reference to SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
Key Financial or Operational Approvals
No financial results, fundraising, acquisitions, or dividend declarations mentioned in this disclosure
Strategic or Business Context
No business outlook, risk commentary, or strategic initiatives discussed in this disclosure
Any Other Material Information
Company Secretary: Krishnappayya Desai, Company Secretary & Compliance officer
