Change in Director / Key Managerial Personnel

Nature of change: Appointment of new Chief Financial Officer and cessation of previous CFO

Appointment Details:

  • Manoj Kumar Jha appointed as Chief Financial Officer
  • Forms part of Key Managerial Personnel and Senior Management Personnel
  • Effective date: 9 July 2026
  • This role is in addition to his existing role as Chief Risk Officer (which he has held since 14 January 2026)

Cessation Details:

  • Uttam Kumar Bhageria ceased as Chief Financial Officer
  • Effective date: 9 July 2026
  • Will continue to perform other roles in the Company

Brief Profile of Manoj Kumar Jha:

  • Chartered Accountant with more than 3 decades of experience
  • Held global leadership positions in manufacturing, trading and distribution businesses across Africa, Europe, Asia and Americas
  • Expertise in corporate governance, M&A, fund raising, treasury, risk management and cross border financial operations
  • Proven track record in scaling multi-billion-dollar businesses, optimizing capital structures and driving sustainable profitability

Previous Experience:

  • Tata group for more than a decade:
  • Tata Africa Holdings SA for Automobile Distribution business in Africa as Chief Financial Officer
  • Tata International Limited for Global Metals Trading business as Head of Finance
  • Adani Group for Energy & Minerals business under Adani Enterprises Limited for 8 years, heading Finance & Accounts function
  • Previously associated with Olam International, Benckiser, Eicher, Hub Trading FZE, Stryder Cycles
  • Was member of Audit, CSR and Risk committees

Disclosure of relationships: Not Applicable

Key Financial or Operational Approvals

The Board of Directors at its 385th meeting held on Thursday, 9 July 2026 (which commenced at 11:30 A.M. and concluded at 3:50 P.M) approved the change in position of Chief Financial Officer based on the recommendation of the Nomination and Remuneration Committee.

Strategic or Business Context

The change was made "with a view to strengthen the governance framework, leadership structure and long-term business strategy of the Company."

Any Other Material Information

Regulatory Compliance:

  • Disclosure made pursuant to Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015 and amendments thereto
  • Compliance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/202 dated 30 January 2026
  • The company is ISO 9001:2015; ISO 14001:2015 and 45001:2018 certified

Company Details:

  • Corporate Office: 'SANDUR HOUSE', No.9 Bellary Road, Sadashivanagar Bengaluru – 560 080 Karnataka, India