Shriram Properties Limited has made a regulatory disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the appointment of an Independent Director.

Appointment Details

  • Appointment Date: November 5, 2026
  • Term: Five (5) consecutive years effective from November 5, 2026
  • Approval Mechanism: Board of Directors via circular resolution dated November 5, 2026
  • Basis: Recommendations of the Nomination and Remuneration Committee
  • Status: Subject to approval of the shareholders

Director Background and Qualifications

Mr. Ramesh Narain Parbat is a former Member (Legislation) of the Central Board of Direct Taxes (CBDT), Ministry of Finance, Government of India, belonging to the 1989 batch of the Indian Revenue Service (Income Tax). He retired on October 31, 2025, after serving for over 35 years in various senior positions in the Income Tax Department.

Key Career Highlights:

  • Spearheaded the drafting of the Income-tax Act, 2025 as Member (Legislation), CBDT
  • Led key initiatives in direct tax policy, legislation and international taxation
  • Facilitated the signing of 174 Advance Pricing Agreements during FY 2024-25
  • Previously served as Director General of Income Tax (Investigation), Uttar Pradesh and Uttarakhand
  • Served as Chief Commissioner of Income Tax, Bengaluru and Ahmedabad
  • Served as Principal Commissioner of Income Tax, Bengaluru
  • Served as Commissioner of Income Tax (Appeals), Vadodara

Educational Qualifications:

  • B.Tech. in Civil Engineering from IIT (BHU), Varanasi
  • LL.B. from Mumbai University
  • Specialized training in International Taxation and Investigation at the University of Maryland, USA

Compliance and Regulatory References

  • Disclosure made under Regulation 30 of SEBI Listing Regulations
  • Reference to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • Annexure A provided with required details as per regulatory requirements

Director Relationships and Status

Mr. Parbat is not related to any of the Directors of the Company and is not debarred from holding the office of Director by SEBI or any other regulatory or statutory authority.

Financial Impact

No financial impact disclosed in the filing.

Effective Date

The appointment is effective from November 5, 2026, pending shareholder approval.