Change in Director / Key Managerial Personnel

Appointment of Mr. Dilip Deshmukh (DIN: 11699759)

  • Nature of change: Recommended appointment as Non-Executive and Independent Director, subject to shareholder approval
  • Effective date: To be effective from date of approval by shareholders
  • Term: For 3 consecutive years commencing from shareholder approval date, not liable to retire by rotation
  • Profile: Judicial veteran and corporate law expert with over four decades of experience. Former Chairman of Company Law Board (now NCLT) and retired Judge of Chhattisgarh High Court (2005-2009). Topped LLM examination from Jiwaji University and gold medalist in M.Com from Ravishankar University. Awarded National Law Day Award in October 2010. Currently works as arbitrator handling domestic and international arbitration.
  • Eligibility: Confirmed not debarred from holding director office by SEBI or any authority
  • Relationships: Not related to any Director of the Company

Appointment of Mr. Rajeev Krishnamuralilal Agarwal (DIN: 07984221)

  • Nature of change: Appointment as Additional Non-Executive and Independent Director
  • Effective date: 25th June 2026 (immediate effect)
  • Term: For 3 consecutive years, but shall hold office up to the date of ensuing General Meeting or up to 3 months from effective date of appointment, whichever is earlier. Not liable to retire by rotation.
  • Profile: Engineering graduate from I.I.T Roorkee, distinguished former Indian Revenue Service (IRS) officer (1983 batch) with over three decades of experience in taxation, enforcement, financial regulation, and capital markets. Former Whole Time Member of SEBI (2011-2016) and Member of Forward Markets Commission (2005-2011). Held various senior positions in Income Tax Department. Currently serves as Independent Director of Trust Asset Management Pvt. Ltd., ACC Ltd., Star Health Insurance Co., One 97 Communications Ltd. (Paytm), Paytm Money Ltd., Ugro Capital Ltd., Profectus Capital Pvt. Ltd. and MK Ventures Capital Ltd.
  • During SEBI tenure, supervised key policy areas including securities markets, commodity derivatives, mutual funds, foreign portfolio investments, market intermediaries, surveillance, enforcement, and corporate restructuring. Played key role in merger of Forward Markets Commission with SEBI, mutual fund and IPO reforms, OFS mechanism for PSU disinvestment, SME exchange development, and international regulatory forums including IOSCO.
  • Eligibility: Confirmed not debarred from holding director office by SEBI or any authority
  • Relationships: Not related to any Director of the Company

Board Meeting Details

  • Meeting date: 25th June 2026
  • Meeting timing: Commenced at 04:10 PM IST and concluded at 05:00 PM IST
  • Approval authority: Based on recommendations of Nomination and Remuneration Committee

Regulatory Compliance

  • Filed pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • References SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026
  • Detailed information provided in Annexure-A as required

Company Information

  • Corporate Office: DLF Commercial Building, Block - 3, Zone-6, DLF Phase – 5, Gurugram, Haryana-122002

Disclosure Details

  • Date of filing: 25th June 2026
  • Information hosted on company website: https://www.smartworksoffice.com/investors/