This is a regulatory filing submitted to BSE Limited and the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure intimates changes in the composition of the company's Board of Directors through reappointments and new appointments.
Director Reappointments and Appointments
Annexure A - Mr. Kuldip Krishan Sardana (DIN: 00398376)
- Reason for change: Re-appointment in compliance with section 152 and other applicable provisions of the Companies Act, 2013 read with SEBI (LODR) Regulations, 2015
- Date of Re-appointment: 26-08-2026
- Term: Re-appointment as Managing Director. His existing term expires on 30th September, 2028. The reappointment is due to retirement by rotation as per provisions of the Companies Act, 2013.
- Relationship between Directors: Not Applicable
Annexure B - Mrs. Shalini Umesh Chablani (DIN: 00885883)
- Reason for change: Re-appointment on expiry of her existing term in compliance with sections 149, 152 and other applicable provisions of the Companies Act, 2013 read with SEBI (LODR) Regulations, 2015
- Date of Re-appointment: 01-09-2026
- Term: Re-appointment as Non-Executive Director for a period of 3 years w.e.f. 1st September 2026 to 31st August, 2029. Her existing tenure expires on 31st August, 2026.
- Relationship between Directors: Not Applicable
Annexure C - Mr. Anil Sikka (DIN: 11746104)
- Reason for change: Recommended to shareholders for appointment as Non-Executive Independent Director pursuant to provisions of sections 149, 150, 152, and other applicable provisions of the Companies Act, 2013 read with Schedule IV to the Companies Act, 2013 and SEBI (LODR) Regulations, 2015
- Date of Appointment: 26-08-2026
- Term: To be appointed in the ensuing Annual General Meeting as Non-Executive Independent Director w.e.f. 26th August, 2026 to hold office for a period of 5 years i.e. up to 25th August, 2031
- Brief Profile: B.E. (Mechanical), currently Senior Advisor to McKinsey & Co Inc with over 40 years experience in operations management, digital transformation and factory modernization. Previously led Asia's Manufacturing Practice of McKinsey & Co Inc and served as Managing Director and Country Manufacturing Director for Delphi Corp (now Aptiv) India.
- Relationship between Directors: Not Applicable
Annexure D - Mr. Sanjeev Kumar (DIN: 10783179)
- Reason for change: Recommended to shareholders for appointment as Non-Executive Independent Director pursuant to provisions of sections 149, 150, 152, and other applicable provisions of the Companies Act, 2013 read with Schedule IV to the Companies Act, 2013 and SEBI (LODR) Regulations, 2015
- Date of Appointment: 26-08-2026
- Term: To be appointed in the ensuing Annual General Meeting as Non-Executive Independent Director w.e.f. 26th August, 2026 to hold office for a period of 5 years i.e. up to 25th August, 2031
- Brief Profile: B.E. (Electrical) & M.E. (Electrical) from Panjab University. Retired as Chief Engineer after 34 years service in PSPCL, heading operational and commercial areas including general operations, grid construction, hydel generation & transmission. Served as Technical Advisor to the Lokpal Electricity Punjab with over 3 decades of technical, electrical, regulatory and commercial experience.
- Relationship between Directors: Not Applicable
Financial Impact
No specific financial impact quantified in the disclosure.