Nature of change: Cessation due to completion of second term as Independent Director
Name and DIN: Mr. V K Viswanathan (DIN: 01782934)
Effective date: Ceases from close of business hours on 16th October 2026
Roles vacated: Chairperson of Board and of the Company; Chairperson of the Committee of Directors; Member of Audit Committee and Nomination and Remuneration Committee
Tenure: Served for the last decade (approximately 10 years)
Board appreciation: Placed on record appreciation for services rendered and leadership with highest standards of integrity
Appointment of Mr. Narayan K Seshadri
Nature of change: Appointment as Chairperson of the Board and of the Company
Name and DIN: Mr. Narayan K Seshadri (DIN: 00053563)
Effective date: 17th October 2026
Current status: Independent Director of the Company since October 2025
Qualifications: Chartered Accountant and business transformation leader with over four decades of experience
Professional background: Founder of Tranzmute; previously held leadership roles at Arthur Andersen including leading its Business Consulting practice and serving on Andersen's Global CEO Council
Expertise: Advised leading companies and Boards on strategy, transformation, risk management, capital structuring and succession planning
Sector experience: Manufacturing, financial services, retail and technology sectors
Board Meeting Details
Meeting date: 9th October 2026
Meeting timing: Commenced at 14:00 hours IST and concluded at 14:30 hours IST
Regulatory basis: Disclosure under Regulation 30 of SEBI Listing Regulations
