This is a regulatory disclosure filed with the National Stock Exchange of India Limited regarding decisions taken at the Board of Directors meeting held on May 25, 2026. The meeting commenced at 06:00 PM IST and concluded at 07:20 PM IST.

Key Board Approvals:

1. Re-appointment of Independent Director

  • The Board approved the re-appointment of Mr. Sanjeev Kumar Chanana (DIN: 00112424) as Independent Director for a second term of 5 consecutive years.
  • Term period: February 17, 2027 to February 16, 2032 (both days inclusive).
  • The appointment is not liable to retire by rotation.
  • Based on the recommendation of the Nomination and Remuneration Committee.
  • Subject to approval of shareholders in the ensuing Annual General Meeting.

Director Profile:

  • Mr. Chanana was previously appointed as Independent Director for his first term from February 17, 2022 to February 16, 2027.
  • Educational qualifications: Bachelor's degree in law and master's degree in arts from University of Delhi.
  • Professional membership: Member of the Institute of Company Secretaries of India.
  • Current association: Trustee at National Pension Scheme Trust.
  • Work experience: Over 25 years in investments, technology and corporate governance.
  • Previous associations: Oriental Insurance Company Limited and New India Assurance Company Limited.
  • Not related to any other director of the company.
  • Not debarred from holding director office by virtue of any SEBI order or other authority.

2. Re-appointment of Internal Auditor

  • The Board re-appointed M/s. Grant Thornton Bharat LLP as Internal Auditor.
  • Term: One consecutive year for FY 2026-27.
  • Based on the recommendation of the Audit Committee.

Auditor Profile:

  • Grant Thornton Bharat is a leading consulting and professional services firm in India.
  • Founding member of the global Grant Thornton network.
  • Services include assurance, tax, risk, ESG, deals, and transformation consulting.
  • Client base: Corporates, government, and emerging businesses.
  • Scale: Over 13,000 professionals across 21 offices in India.
  • Global network: 80,000 people in 150+ markets.
  • Focus areas: Climate, inclusion, private capital, digital transformation, regulatory advisory, and global value chains.

3. Re-appointment of Cost Auditors

  • The Board re-appointed M/s. Vijender Sharma & Company, Cost Accountants as Cost Auditors.
  • Term: One consecutive year for FY 2026-27.
  • The Board fixed their remuneration (amount not specified in disclosure).
  • Based on the recommendation of the Audit Committee.
  • Subject to ratification of remuneration by shareholders in the ensuing 32nd Annual General Meeting.

Auditor Profile:

  • M/s. Vijender Sharma & Co. is a firm of Cost Accountants established in 2006.
  • Services include costing, audit, advisory, compliance, valuation, and insolvency.
  • Described as providing practical, high-quality solutions with emphasis on integrity and confidentiality.

Financial Impact:

Financial impact not quantified in the disclosure. The reappointments represent routine governance matters without immediate financial implications.