Change in Director / Key Managerial Personnel

Re-appointment of Independent Directors

  • Nature of change: Re-appointment of Mr. Ashish Gupta (DIN: 07998166) and Mr. Ranjit Jatar (DIN: 01526405) as Non-Executive Independent Directors
  • Effective date and tenure: Second term of five consecutive years commencing from August 10, 2026
  • Qualifications and experience:
  • Mr. Ashish Gupta: Civil Engineering graduate, MBA from SP Jain Institute Mumbai, LL.B. degree. Extensive experience in infrastructure sector including buildings, bridges, and hydropower projects across India. Vast experience in Project Management of Infra Projects including Contracts-Claim Arbitration and dispute resolution. Currently practicing as an Independent Techno-Legal Consultant and Arbitrator.
  • Mr. Ranjit Jatar: Chartered Accountant, graduate of Shri Ram College of Commerce, Delhi. Extensive experience across diverse industries including leadership roles in finance, human resources, advertising, franchising, and general management, along with entrepreneurial ventures. Currently leads an Executive Search and Business Consulting firm focused on building growth-oriented business models.
  • Confirmation of eligibility: Both directors are not debarred from holding the office of Director by virtue of any SEBI Order or any other Authority.
  • Relationship with other directors: Both directors have no relationship with the other Directors of the Company.

Re-appointment of Non-Executive Director

  • Nature of change: Re-appointment of Mr. Sanjay Kumar Verma (DIN: 08235643) as a Non-Executive Director and designated as Vice Chairman of the Company
  • Effective date: With effect from September 27, 2026, liable to retire by rotation
  • Qualifications and experience: First-generation technocrat entrepreneur with over two decades of experience spanning various industries, international joint ventures, and Mergers & Acquisitions. Brings a rare combination of deal-making instinct and technology foresight. Has experience in business administration and consulting and specialized technology. Described as a builder by conviction, an operator by discipline and a strategist by design.
  • Confirmation of eligibility: Not debarred from holding the office of Director by virtue of any SEBI Order or any other Authority.
  • Relationship with other directors: Has no relationship with the other Directors of the Company.

Completion of Term of Independent Director

  • Nature of change: Mr. Vinod Dasari (DIN: 03456577) will complete his first term as a Non-Executive Independent Director on August 9, 2026
  • Reason for change: Has expressed his decision not to seek re-appointment for a second term due to personal reasons
  • Previous tenure: First term as Independent Director completing on August 9, 2026
  • Board acknowledgment: The Board placed on record its sincere appreciation for the valuable guidance, leadership and contributions made by Mr. Vinod Dasari during his tenure as an Independent Director.

Key Financial or Operational Approvals

Approval of Postal Ballot Notice

The Board approved the draft Postal Ballot Notice for seeking approval of the shareholders for the following matters:

  • Re-appointment of Mr. Ranjit Jatar as an Independent Director for a term of 5 consecutive years w.e.f. August 10, 2026
  • Re-appointment of Mr. Ashish Gupta as an Independent Director for a term of 5 consecutive years w.e.f. August 10, 2026
  • Re-appointment of Mr. Sanjay Kumar Verma as Non-Executive Director, liable to retirement by rotation w.e.f. September 27, 2026
  • Approval for Payment of Commission to Non-Executive Directors
  • Approval for Payment of Commission to Mr. Sanjay Kumar Verma, Non-Executive Director and Vice Chairman

Any Other Material Information

Meeting Details

  • Board Meeting Date: June 29, 2026
  • Meeting Timing: Commenced at 03:30 PM (IST) and concluded at 03:55 PM (IST)
  • Regulatory Reference: Intimation under Regulation 30 read with schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • SEBI Circular Reference: HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • Company Website: www.transrail.in

Compliance Information

All reappointments are subject to approval of the shareholders of the Company by way of Special Resolution. The necessary disclosures including the postal ballot notice will be intimated in due course of time.