Change in Director / Key Managerial Personnel

  • Nature of change: Appointment of Mr. Biren Gabhawala (DIN: 03091772) as a Non-Executive Independent Director of the Company.
  • Effective date: The appointment is effective from November 1, 2026.
  • Tenure: The term of appointment is for five years, and he is not liable to retire by rotation. The appointment is subject to approval of the shareholders.
  • Profile and qualifications: Biren Gabhawala, aged about 60 years, is a Chartered Accountant and Fellow Member of the Institute of Chartered Accountants of India. He has over three decades of experience in accounting, audit, taxation, financial reporting, corporate finance, valuations, and regulatory matters. He has been associated with C.M. Gabhawala & Co. since 1987 and currently serves as its Senior Partner. He has significant listed-company Board experience, having served as an Independent Director and Audit Committee Chair of eClerx Services Limited and 3M India Limited.
  • Eligibility and compliance: The disclosure confirms that Biren Gabhawala is not debarred from holding the office of Director pursuant to any SEBI Order or any other statutory authority. The appointment forms part of the Company's planned Board succession planning initiative.
  • Relationship with other directors: The disclosure explicitly states "None" regarding relationships between directors.
  • Previous KMP: The disclosure does not mention who held the position earlier or the nature of their exit.

Key Financial or Operational Approvals

This disclosure does not contain information about financial results, fundraising, acquisitions, capital infusion, business restructuring, or dividend declarations.

Strategic or Business Context

This disclosure does not contain commentary on business outlook, risks, demand trends, regulatory developments, segment-wise insights, restructuring actions, cost measures, expansion plans, capex announcements, forward-looking actions, guidance, liquidity position, leverage, working capital, or refinancing plans.

Any Other Material Information

  • Board Meeting Details: The Board Meeting was held on October 29, 2026. It commenced at 16:45 hrs (IST) and concluded at 18:15 hrs (IST).
  • Regulatory Compliance: The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It also includes compliance with BSE Circular ref. no. LIST/COMP/14/2018-19 and NSE Circular ref. no. NSE/CML/2018/24 dated June 20, 2018.
  • Company Information: Company CIN is L24230MH1990PLC057062. Corporate Office: Strides House, Bilekahalli, Bannerghatta Road, Bengaluru – 560 076, India. Registered Office: 'Cyber One', Unit No. 902, Plot No. 4&6, Sector 30A, Vashi, Navi Mumbai – 400 703, India.