Nature of change: Appointment of Mr. Nishant Arya (DIN: 00004954) as an Additional Director categorised as a Non-Executive Independent Director
Effective date: November 3, 2026
Term: Five consecutive years subject to shareholder approval by special resolution
Qualifications and experience: Mr. Arya holds an MBA from University of Bradford, United Kingdom, and a Diploma in Business Development and Strategy from London School of Economics. He is Vice Chairman and Managing Director of JBM Auto Limited and Chairman of Linde Wiemann GmbH, Germany. He has led JBM Group's expansion into international markets and growth in electric mobility, energy solutions and digital businesses. He brings extensive experience in strategy, manufacturing, global operations and new age mobility.
Industry associations: Chairs CII Europe India Council, CII Regional Committee on EV and Future Mobility, and ASSOCHAM National Green Mobility Council. Has represented India at World Economic Forum, BRICS, COP and UITP forums.
Expected contribution: His experience in mobility, sustainability and global business will add value to Board deliberations on company strategy, including green logistics and multimodal growth.
Eligibility confirmation: Not debarred from accessing capital markets or restrained from holding director position by SEBI or any other authority.
Relationship with other directors: Not related to any director of the company.
Cessation of Previous Director
Nature of change: Cessation of Mr. Vijay Sankar (DIN: 00007875) as Non-Executive Independent Director
Reason: Completion of second consecutive term (two terms of five years each)
Effective date: Close of business hours on November 3, 2026
Committee membership: Ceases to be member of Audit Committee effective same date
