Change in Director / Key Managerial Personnel

Nature of change: Re-appointment of Independent Director

Name and DIN: Mr. Sanjeev Kumar Chanana (DIN: 00112424)

Effective date and tenure: Second term of 5 consecutive years commencing from February 17, 2027 to February 16, 2032 (both days inclusive)

Brief profile and qualifications: Mr. Chanana holds a bachelor's degree in law and a master's degree in arts from the University of Delhi. He is also a member of the Institute of Company Secretaries of India. At present, he is associated with the National Pension Scheme Trust as a trustee. He has over 25 years of work experience in the field of investments, technology and corporate governance and has previously been associated with the Oriental Insurance Company Limited and the New India Assurance Company Limited.

Confirmation of eligibility: Mr. Sanjeev Kumar Chanana is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

Relationship with other directors: Mr. Sanjeev Kumar Chanana is not related inter-se to any other Director of the Company.

Previous term: He was appointed as an Independent Director of the Company for a 1st term of 5 consecutive years commencing from February 17, 2022 to February 16, 2027.

Key Financial or Operational Approvals

Re-appointment of Internal Auditor: The Board approved the re-appointment of M/s. Grant Thornton Bharat LLP as Internal Auditor for a term of 1 consecutive year (FY 2026-27), based on the recommendation of the Audit Committee.

  • Date of re-appointment: May 25, 2026
  • Term: 1 year (FY 2026-27)
  • Firm profile: M/s. Grant Thornton Bharat (GTB) is a leading consulting and professional services firm in India with over 13,000 professionals across 21 offices in India, providing services including assurance, tax, risk, ESG, deals, and transformation consulting.

Re-appointment of Cost Auditors: The Board approved the re-appointment of M/s. Vijender Sharma & Company, Cost Accountants, as Cost Auditors for a term of 1 consecutive year (FY 2026-27) and to fix their remuneration, based on the recommendation of the Audit Committee.

  • Date of re-appointment: May 25, 2026
  • Term: 1 year (FY 2026-27)
  • Firm profile: M/s. Vijender Sharma & Co. is a firm of Cost Accountants providing services in costing, audit, advisory, compliance, valuation, and insolvency since 2006.
  • Remuneration approval: Subject to ratification by shareholders in the ensuing 32nd Annual General Meeting

Any Other Material Information

Board Meeting Details: The Board Meeting commenced at 06.20 P.M. (IST) and concluded at 07:20 P.M. (IST) on May 25, 2026.

Regulatory Compliance: The disclosure is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Shareholder Approval Required: All reappointments (Independent Director, Internal Auditor, and Cost Auditor remuneration) are subject to approval of shareholders in the ensuing Annual General Meeting.