Change in Director / Key Managerial Personnel

  • Nature of change: Appointment of an Additional Non-Executive Independent Director.
  • Name and DIN: Mr. Alok Jain (DIN: 01892711).
  • Effective date and tenure: Appointed with effect from 13 August 2026 for a term of 5 consecutive years, until 12 August 2031. The appointment is subject to approval by members of the company.
  • Profile and qualifications: Mr. Alok Jain is a qualified Chartered Accountant with over 27 years of extensive experience in auditing, taxation, financial advisory, valuation, Banking, NBFCs and consultancy services. He has experience with public sector undertakings, banks, corporate and non-corporate entities across diverse sectors including power, real estate, telecom, and manufacturing. He possesses expertise in corporate finance, financial planning and analysis, budgeting and forecasting, and strategic financial management. He has led Statutory Audits, Compliance Audits, Internal Audits, tax Audits, KYC Audit, Inspection Audit, Corporate Governance, Investigation, Forensic Audit, NBFC Audit, Special Audits, Special Audit, and Statutory Bank Branch Audit.
  • Eligibility confirmation: Mr. Alok Jain is not debarred from holding the office of Director by virtue of any order passed by the Securities and Exchange Board of India or any other such authority.
  • Relationship with other directors: Mr. Alok Jain is not related to any of the existing or proposed Directors or Key Managerial Personnel of the Company.
  • Previous KMP: Not disclosed in the filing.
  • Governance implications: As an Independent Director, this appointment enhances board independence and governance oversight.

Key Financial or Operational Approvals

This disclosure does not contain information about financial results, fundraising, acquisitions, capital infusion, business restructuring, or dividend declarations.

Strategic or Business Context

This disclosure does not contain commentary on business outlook, risks, demand trends, regulatory developments, segment-wise insights, restructuring actions, cost measures, expansion plans, capex announcements, forward-looking actions, guidance, liquidity position, leverage, working capital, or refinancing plans.

Any Other Material Information

  • Regulatory compliance: The appointment was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and requires subsequent approval under Regulation 17(1C) and Regulation 25(2A) of the same regulations and relevant provisions of the Companies Act, 2013.
  • Committee action: The appointment was made on the recommendation of the Nomination and Remuneration Committee.
  • Filing reference: The disclosure references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.