Summary of Key Information:

Reporting Period (Quarter/Year): Not Specified

Nature of Filing / Announcement: Outcome of Board Meeting - Change in Directors

Date of Board Meeting / Approval: 6th November 2026 (commenced at 11:00 AM, concluded at 4:15 PM)

Audit Opinion: Not Specified

Auditor's Comment: Not Specified

Key Financial Highlights: Not Specified

Standalone Results: Not Specified

Consolidated Results: Not Specified

Segment-wise Performance: Not Specified

Corporate Actions: Not Specified

Regulatory Disclosures:

  • Filed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Compliance with BSE Circular no. LIST/COMP/14/2018-19 and NSE Circular Ref No. NSE/CML/2018/24 dated June 20, 2018

Detailed Board Decisions:

1. Retirement of Mr. Noel N. Tata as Chairman

Mr. Noel N. Tata (DIN: 00024713) retires from the office of Chairman and Director effective close of business hours on 11th November 2026 due to superannuation under Tata Group Governance Guidelines.

  • Associated with Voltas since 2003
  • Appointed as Chairman Emeritus effective 12th November 2026

2. Appointment of Mr. Sunil Alaric D'Souza as Chairman

Mr. Sunil Alaric D'Souza (DIN: 07194259) appointed as Chairman effective 12th November 2026.

  • Existing Director on the Board
  • Not related to any other Director of the Company
  • Not debarred from holding director office by any SEBI Order or authority

3. Managing Director Transition

Mr. Mukundan Menon C.P. (DIN: 09177076), current Managing Director, completes tenure on 24th May 2027 and retires on that date per Tata Group retirement policy for Executive Directors.

Mr. Jayant Balan (DIN: 03480708) appointed as Additional Director and Managing Director for five years commencing 25th May 2027, subject to shareholder approval.

  • Currently Head - Room Air Conditioner Business
  • Redesignated as Head – Room Air Conditioner Business and Managing Director Designate until 25th May 2027
  • Mechanical Engineer and PGDM from SP Jain Institute of Management & Research
  • Joined Tata Group in 1999 (Tata Administrative Service), moved to Voltas in 2001
  • Previously CEO of Voltbek Home Appliances Private Limited (2019-2026)
  • Not related to any Director of the Company
  • Not debarred from holding director office

4. Appointment of Mr. Venkatesalu Palaniswamy as Director

Mr. Venkatesalu Palaniswamy (DIN: 02190892) appointed as Additional Director (Non-Independent Non-Executive) effective 12th November 2026.

  • Appointment liable to retire by rotation, requires shareholder approval within three months from effective date
  • Commerce Graduate, Harvard Business School AMP, Master's in Management from Symbiosis Pune, CFA from ICFAI
  • Managing Director of Trent Limited
  • Previously Executive Director and CEO of Trent
  • Joined Trent in 2008 (15+ years association)
  • Previously with Tata Administrative Services since 2001 and Tata Sons Limited (Group Finance team)
  • Not related to any Director of the Company
  • Not debarred from holding director office

Other Significant Information: Not Specified