The clarification is in reference to a previous intimation dated 14th May 2026 regarding the outcome of a Board Meeting. The Board of Directors, at its meeting held on 14th May 2026, had approved the appointment of Mr. Shivrajsinh Haishchandrasinh Chudasama (DIN: 11714281) as an Additional Non-Executive Independent Director with effect from 14th May 2026.
However, due to an inadvertent typographical/clerical error in the prior communication, his designation was incorrectly stated as 'Additional Non-Executive Non-Independent Director'. This filing serves to correct that error and confirm his accurate designation as an Additional Non-Executive Independent Director.
The company confirms that except for this correction, all other particulars, terms, and conditions of the appointment remain unchanged.
Annexure Details
The annexure provides the following details for Mr. Shivrajsinh Haishchandrasinh Chudasama (DIN: 11714281) as required under Regulation 30 read with Schedule III of the Listing Regulations:
- Name: Mr. Shivrajsinh Haishchandrasinh Chudasama
- Designation: Additional Non Executive Non Independent Director [Note: This appears to be the incorrect designation being clarified; the correct designation is stated in the body of the letter as Independent Director].
- Date of Appointment: 14th May, 2026
- Reason for Change: Appointment
- Brief Profile: Mr. Shivraj Chudasama is a dedicated professional with a strong academic background in commerce and business management, specializing in finance. With a solid foundation in financial management, investment analysis, and strategic planning, he is currently working in the mutual funds industry.
- Relationships between directors: Not Applicable (NA)
- SEBI Debarment Check: The appointee is not debarred from holding the office by virtue of any SEBI Order or any other authority.
- Companies Act Disqualification: The director being appointed is not disqualified from holding the office of director pursuant to provisions of Section 164 of the Companies Act, 2013.