The shareholders of the company, via a Postal Ballot, have approved the change in designation of Mr. Sujeeth Pai (DIN: 07763929) from Whole-Time Director to Managing Director of the company. The voting results were declared on 15 October 2026.
This approval was based on the prior recommendation of the company's Nomination and Remuneration Committee and the subsequent approval of the Board of Directors, which was granted on 11th August 2026.
Key Details of the Appointment
- Effective Date: The new designation is effective from 1st September 2026.
- Term: The appointment is for a term of five (5) consecutive years.
- Remuneration: The appointment includes the remuneration payable to him, as approved.
Director Profile (Annexure A)
- Name: Mr. Sujeeth Pai
- DIN: 07763929
- Qualifications & Certifications: Holds a Mechanical Engineering degree from P.E.S.I.T, Bangalore, and an MBA from ISB, Hyderabad.
- Overall Experience: Has over 20 years of multidimensional experience in driving growth and profitability. His experience includes building proof of concepts, providing technical support, and successfully delivering double-digit growth for businesses while leading P&L across regions.
- Relationship Disclosure: Mr. Sujeeth Pai is not related to any of the Directors, Key Managerial Personnel, or Promoters of the Company.