Key Changes Approved by Board on 11.08.2026

  • Mr. Varun Mangla (DIN: 08868103) tendered his resignation from the post of Managing Director of the company, effective from the date it is accepted by the Board. He will continue as a Director of the company.
  • Ms. Sangeeta Harpalani (DIN: 00094706) was appointed as Additional Director, to be designated as Managing Director and Chief Financial Officer of the company.
  • Mr. Amit Kapoor (DIN: 11646219) was appointed as Additional cum Independent Director of the company.

Detailed Resignation Information (Annexure-A)

Reason for Change: Mr. Varun Mangla resigned from the office of Managing Director due to his pre-occupation and inability to devote sufficient time and attention to the affairs of the company on a regular basis. He will continue as a Director.

Date of Cessation: Mr. Mangla will cease to hold the position as Managing Director with effect from the date his resignation is accepted.

SEBI Order Status: The resigning director is not debarred from holding the office of director pursuant to any SEBI Order.

New Managing Director/CFO Appointment (Annexure-B)

Appointment Date: 11.08.2026

Brief Profile: Ms. Sangeeta Harpalani holds a Ph.D. (Management), is a Fellow Company Secretary (FCS), Associate Cost and Management Accountant (ACMA), Bachelor of Laws (LL.B.) and MBA (Finance). She has rich post-qualification experience in corporate governance, finance, legal compliance and management. She is a governance professional and finance specialist with over 20 years of experience in corporate advisory, compliance, and strategic oversight.

Director Relationships: She has no relationship with other directors.

SEBI Order Status: The appointed director is not debarred from holding office pursuant to any SEBI Order.

New Independent Director Appointment (Annexure-C)

Appointment Date: 11.08.2026

Brief Profile: Mr. Amit Kapoor is a commerce graduate, Chartered Accountant and PGDBA in finance. He has post qualification experience of 19+ years in various multinational companies. He possesses experience in the field of Outsourcing Industry (Pre-sales, Service Delivery, Team Management) and Banking Industry - Unsecured loan funding.

Director Relationships: He has no relationship with other directors.

SEBI Order Status: The appointed director is not debarred from holding office pursuant to any SEBI Order.

Resignation Letter Details

Mr. Varun Mangla submitted a formal resignation letter dated 11.08.2026 addressed to the Board of Directors. In the letter, he confirmed:

  • Resignation is due to preoccupation and inability to devote sufficient time required for the position
  • Effective from the date accepted by the Board
  • He will continue to work as a Director of the company
  • There are no other material reasons for resignation beyond those stated