Re-appointed as Whole Time Director designated as Executive Director - Business Development
DIN: 00304652
Effective from 1st June 2026 to 31st July 2027 (14-month term)
Terms and conditions as set out in the Explanatory Statement to the notice of the 22nd AGM
Shareholding: 139,501 shares
Qualifications: Bachelor of Science degree from Madras University, Chartered Accountant from ICAI
Experience: Over 35 years in auditing, consulting, and real estate industry
Previous role: Practising Chartered Accountant and partner in Janardhan & Associates, K S Sanghavi & Company, Chartered Accountants, Bengaluru
Not related to any other Director of the Company
Not debarred from holding office by virtue of any SEBI order or authority
B. Re-appointment of Mr. Ramesh Karur Raghavendran
Re-appointed as Whole-time Executive Director Finance and Chief Financial Officer
DIN: 03572425
Retires by rotation in accordance with Section 152(6) of the Companies Act, 2015
Qualifications: Bachelor degree in Commerce, Fellow member of ICAI and ICMAI
Experience: Nearly 33 years of post-qualification experience, including 11 years as CFO and Executive Director in a multinational manufacturing construction company, 3 years in service industry, and 11 years with Ernst & Young in audit assignments
Shareholding: Nil
Not related to any other Director of the Company
Not debarred from holding office by virtue of any SEBI order or authority
C. Investments, Loans, Guarantees and Securities Approval
Approved for making investments, giving loans, giving guarantees and providing securities under Section 185 and 186 of the Companies Act, 2013
Applicable to Satchmo Services Private Limited (Wholly Owned Subsidiary) or any other Persons/bodies Corporate in India (existing or which may be promoted/incorporated)
D. Related Party Transactions Approval
Approved for existing as well as new Material Related Party Transaction(s) in terms of Regulation 23 and applicable provisions of SEBI LODR Regulations 2015 and Companies Act, 2013
To be entered during financial year 2026-27 and up to the date of next AGM in 2027
Related Parties: Satchmo Foods Private Limited (WOS), Satchmo Services Private Limited (WOS), Nitesh Infrastructure & Constructions, Nitesh Land Private Limited
Nature of transactions: Sale of goods, rendering of services, receiving of services, providing advances towards services to be rendered
In ordinary course of business: Yes
At arm's length basis: Yes
Estimated value: Aggregate limit of ₹10 Crores in excess of 10% of annual turnover
Tenure: Till next AGM to be held in 2027
Justification: Commercially beneficial for the company
Percentage of annual consolidated turnover: Up to limit of ₹10 Crores
Loans/advances/investments details: Not Applicable
