Corporate Announcement – Reconstitution of the Board of Directors

Board Meeting Details

The Board of Directors meeting was held on 07.09.2026 from 3:00 PM to 5:30 PM.

Key Decisions Approved

1. Re-appointment of Managing Director and Chairman

  • The Board approved the reappointment of Mr. Ziaulla Sheriff (DIN: 00002098) as Managing Director and Chairman
  • Term: For a further period of 5 years
  • Condition: Subject to approval of members at the ensuing Annual General Meeting

2. Completion of Tenure of Independent Director

  • The Board noted the completion of tenure of Mr. Maddur Gundurao Mohan Kumar (DIN: 00020029) as Independent Director
  • Reason: Completion of maximum permissible tenure under Companies Act, 2013 and SEBI LODR Regulations
  • Effective date of cessation: 07.09.2026

Director Profile Details (Annexure I)

Mr. Ziaulla Sheriff

  • DIN: 00002098
  • Designation: Managing Director and Chairman
  • Address: Al-Barka, Golden Enclave, Airport Road, Bangalore 560017
  • Age: 86 years
  • Qualifications: Bachelor of Engineering, Mechanical
  • Expertise: Business Management, Entrepreneurship, Strategic Planning, Real Estate, Information Technology, Healthcare and Education
  • Experience: 57 years
  • PAN: ABXPS2095R
  • Relationship with other directors: Father of Ms. Sayeeda Hina, Non-Executive Director of the company
  • Terms of reappointment: As per the Appointment letter
  • Last drawn remuneration: Nil
  • Proposed remuneration: As per the Appointment letter
  • Date of first appointment: 12th August 2011
  • Shareholding: 22,58,897 Equity Shares
  • Board meetings attended in FY 2025-26: 1 meeting
  • Skills assessment: Possesses extensive experience in business management, entrepreneurship, strategic planning and investments with significant exposure to IT, healthcare, education and real estate sectors

Mr. Maddur Gundurao Mohan Kumar

  • DIN: 00020029
  • Designation: Independent Director (ceased)
  • Reason for cessation: Completion of maximum permissible tenure as Independent Director under Companies Act, 2013 and SEBI LODR Regulations
  • Date of cessation: 07.09.2026

Other Directorships of Mr. Ziaulla Sheriff (Annexure A)

Mr. Sheriff holds directorships in 23 other entities, including:

  • Ossoor Estates Limited (Director since 05/06/2002)
  • Best Coffee Curing Works Private Limited (Managing Director since 14/03/2013)
  • Wartyhully Estates Limited (Director since 29/07/2002)
  • India International Coffee Private Limited (Director since 30/04/2004)
  • Ramanashree Towers Private Limited (Director since 21/08/1997)
  • Great Southern Coffees Private Limited (Director since 22/10/2011)
  • Varma Industrial Private Limited (Director since 29/12/1986)
  • India Builders Corporation Private Limited (Director since 10/07/2006)
  • Wisdom World Developers Private Limited (Director since 24/09/2013)
  • India Coffee Estates Private Limited (Director since 18/04/2006)
  • Cedar Hills Hospitality Private Limited (Director since 15/02/2010)
  • IBC Holdings and Investments Private Limited (Director since 18/06/2001)
  • Century Galaxy Developers Limited (Director since 01/04/1994)
  • Golf View Homes Limited (Director since 10/07/1998)
  • Cubeware Global Private Limited (Nominee Director since 10/04/2017)
  • Mandira Hospitality and Spa Private Limited (Additional Director since 16/03/2026)
  • Shambhala Hotels Private Limited (Additional Director since 03/02/2026)
  • Sheriff Constructions LLP (Designated Partner since 01/07/2021)
  • ZS Technology Corporation LLP (Designated Partner since 17/09/2020)