Change in Director / Key Managerial Personnel

Nature of change: Appointment of Mr. Paramjit Singh Nayyar as Chief Human Resource Officer and Senior Management Personnel.

Name and DIN of the individual: Mr. Paramjit Singh Nayyar (DIN not provided in document).

Effective date and tenure: Effective from August 6, 2026. Term of appointment not disclosed.

Brief profile and relevant qualifications: Mr. Nayyar is a seasoned HR leader with over 26 years of experience across Telecommunications, Engineering and Financial Services Industry including NBFC, Housing Finance, General Insurance and Health Insurance. He holds an MBA in HR Management and has completed executive leadership programs from Harvard Business School, Indian School of Business, University of Michigan - Stephen M. Ross School of Business and Centre for Creative Leadership, Singapore. He is also a Certified Hay's Job Evaluation Expert. Prior to joining Satin, he served as Chief Human Resources Officer at Hero Housing Finance (Hero Fincorp) and has held leadership roles with Bharti AXA General Insurance (now ICICI Lombard), Apollo Munich Health Insurance (now HDFC ERGO Health), Bharti Airtel, Triveni Engineering & Industries Limited and Aditya Birla Group. He brings expertise in HR Strategy, Organizational Transformation, Talent Management, Leadership Development, Culture Building, Change Management and HR Business Partnering.

Confirmation of eligibility: The appointment was recommended by the Nomination and Remuneration Committee, indicating compliance with SEBI/BSE/NSE norms.

Relationship with other directors: Disclosure states "Not Applicable" for relationships between directors.

Previous KMP: The document does not disclose who held the CHRO position previously or what happened to their tenure.

Key Financial or Operational Approvals

The Board of Directors approved an amendment/variation to the Trust Deed of Satin Employees Welfare Trust, pursuant to re-constitution of its Board of Trustee by inducting Mr. Paramjit Singh Nayyar, Chief Human Resource Officer as Trustee. This involved the execution of a "Deed of Variation" to the Trust Deed dated June 30, 2009.

The reconstituted Board of Trustees now comprises:

  • Mr. Amit Kumar Gupta (CFO)
  • Mr. Manish Kumar Mittal
  • Ms. Aditi Singh
  • Mr. Paramjit Singh Nayyar (replacing Mr. Soumendra Rout)

Stamp duty of ₹100 (One Hundred only) was paid by Satin Employees Welfare Trust for this Deed of Variation.

Strategic or Business Context

No specific business outlook, risks, trends, or macro/micro developments were disclosed in this filing. The document focuses solely on the management appointment and trust deed amendment.

Any Other Material Information

The filing was made pursuant to Regulations 30 and 51 of the SEBI Listing Regulations and references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The document was signed by Vikas Gupta, Company Secretary & Chief Compliance Officer, under the authority of a board resolution passed on August 6, 2026.