The Board of Directors, at its meeting held on August 24, 2026, considered and approved the following item:

1. Appointment of Mr. Rishabh Jalan as an Additional Independent Director

  • Name: Mr. Rishabh Jalan
  • DIN: 07698170
  • Nature of Appointment: Additional Non-Executive and Independent Director
  • Effective Date: August 24, 2026
  • Term: A consecutive term of five years, until August 23, 2031.
  • Approval Status: The appointment is subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the company.

Director Profile and Details:

  • Age: 30 years
  • Education: Commerce graduate from St. Xavier's College, Kolkata.
  • Experience: 9 years of experience across the defence, hospitality, and commercial leasing sectors. His experience includes strategic planning, operations, financial oversight, and the establishment and management of new projects.
  • Shareholding: Mr. Jalan holds 9,149 equity shares in the company, constituting 0.02% of the paid-up equity share capital.

Relationship with Other Directors:

Mr. Rishabh Jalan is a cousin of Mr. Vidip Jatia, the Managing Director of the company. The disclosure notes that this relationship does not fall within the definition of 'relative' under Section 2(77) of the Companies Act, 2013. He is not related to any other director on the board.

Compliance Status:

The disclosure confirms that Mr. Rishabh Jalan is not debarred from holding the office of director pursuant to any SEBI order or order of any other authority.

Rationale for Appointment:

The Board proposed his appointment, considering his extensive experience and strategic insight. His expertise is expected to strengthen corporate governance practices, enhance strategic decision-making, and support sustainable business growth. The appointment was approved by the Board upon the recommendation of the Nomination and Remuneration Committee.

This intimation is made in compliance with Regulation 30 of the Listing Regulations and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.