The Board, based on the recommendations of the Nomination and Remuneration Committee, considered and approved the following appointments and changes:

Director Appointments

  • Ms. Rupal Pandey (DIN: 11989839) appointed as Additional Non-Executive Independent Director for a period of 5 years commencing from 9th October, 2026 up to 8th October, 2031, subject to shareholder approval.
  • Mr. Siddharth Salunke (DIN: 11956419) appointed as Additional Non-Executive Independent Director for a period of 5 years commencing from 9th October, 2026 up to 8th October, 2031, subject to shareholder approval.

Management Changes

  • Mr. Deepak Kumbhar resigned from the position of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) with effect from 9th October, 2026 due to other professional commitments.
  • Mr. David Machado appointed as Chief Financial Officer (CFO) designated as Key Managerial Personnel (KMP) with effect from 9th October, 2026.

Director Background and Qualifications

Ms. Rupal Pandey is a qualified Company Secretary and law professional with experience in secretarial, legal, compliance and regulatory matters. She has handled corporate governance, Board and shareholder processes, statutory filings, due diligence, private placement, rights issue, preferential allotment and other corporate law assignments. She also has experience in liaising with statutory authorities, RTAs, depositories and auditors, and possesses a strong understanding of directors' duties, internal controls and compliance oversight.

Mr. Siddharth Salunke is a legal professional with experience in corporate and commercial laws, regulatory compliance and legal advisory matters. He possesses knowledge of corporate governance, contractual documentation, statutory compliances and legal due diligence, and brings a practical understanding of legal and regulatory matters relevant to the operations and governance of the Company.

Mr. David Machado is a finance professional with experience at leading global organizations including ISS and CBRE. He has worked as a Business Controller managing finance functions for blue chip banking clients, including Standard Chartered Bank and IDFC FIRST Bank. His experience covers financial controls, compliance, profitability analysis, cost management, cash flow, budgeting and financial accountability, with a strong focus on supporting sustainable and profitable business growth.

Resignation Details

Mr. Deepak Kumbhar submitted his resignation letter dated 09-10-2026, addressed to the Board of Directors at Office No. 1205, Plot No. 14, REMI Commercio, Near Yash Raj Studio, Off Versova Road, Andheri West, Mumbai, Maharashtra - 400058, stating his resignation is due to other professional commitments and effective from 9th October, 2026.

Shareholder Approval Requirements

Both director appointments (Ms. Rupal Pandey and Mr. Siddharth Salunke) are subject to approval by the members of the Company.