Key Details of Appointment
- Reason for change: Consequent upon the demise of Mr. Sukumar Srinivas, Managing Director of the Company
- Date of appointment: 1st November 2026
- Term of appointment: 5 years
- Current status: Mr. Dhananjay Mirlay Srinivas is currently serving as Non-Executive and Non-Independent Director
- Approval requirements: Subject to approval of shareholders and other statutory/regulatory approvals
Background of Appointee
Mr. Dhananjay Mirlay Srinivas has been associated with the Company and is familiar with its business operations, organizational structure and strategic objectives. He has actively contributed to the Company's business initiatives and organizational development. He joined the Company on 1st January 2020 in a senior managerial role and was appointed to the Board on 16th May 2025 with clear succession intent.
Additional Information
- Relationships between directors: Not related to any existing Directors
- SEBI status: Not debarred from holding office of Director (subject to verification)
- Other directorships:
- Shankara Buildpro Limited
- Taurus Value Steel & Pipes Private Limited
- Purple Splash Materials Private Limited
- Shareholding in Company: 81,050 shares
- Declaration: Confirmed not disqualified under Companies Act, 2013
Contextual Information
The appointment follows the demise of Mr. Sukumar Srinivas, Founder and Managing Director, on 30th October 2026. The Nomination and Remuneration Committee met on 1st November 2026 and recommended Mr. Dhananjay Mirlay Srinivas for the role before the Board approval.