Nature of change: Appointment as Non-Executive Non-Independent Director, liable to retire by rotation.
Name and DIN: Mr. Sanjay Kumar (DIN: 11820120)
Effective date: Initially appointed as an Additional Director on 10th August 2026, regularized at the AGM on 22nd September 2026.
Brief profile: Senior energy industry professional with 39 years of experience across Oil & Gas, Energy and Automotive sectors. Held senior leadership positions at Hindustan Petroleum Corporation Limited (HPCL) in Institutional Business, Lubricants, Corporate Strategy, Business Development and Retail. Played a pivotal role in incubating start-ups and led HPCL's foray into the Electric Vehicle (EV) ecosystem. Served on the Board of HPCL Middle East Free Zone Company (HMEF), Dubai, as Director and subsequently Chairman. Prior to superannuation in May 2026, served as Executive Director – Market Research, Analysis & Planning and Business Development.
Eligibility confirmation: Not debarred from holding the office of Director by virtue of any order of SEBI or any other authority.
Relationship with other directors: Not disclosed.
Appointment of Mr. Dinesh Agarwal
Nature of change: Appointment as Non-Executive Independent Director.
Name and DIN: Mr. Dinesh Agarwal (DIN: 02722380)
Effective date and tenure: With effect from 10th August 2026 for a period of five consecutive years.
Brief profile: Fellow Chartered Accountant and Fellow Cost and Management Accountant. Retired Partner - Tax & Regulatory Services at Ernst & Young LLP, India, with over 33 years of experience in tax, regulatory and governance advisory. Associated with Ernst & Young LLP since 2004. Previously worked with KPMG, Kolkata (1999-2004) and Lovelock & Lewes (PricewaterhouseCoopers), Kolkata (1993-1999). Senior advisor with extensive experience in advising multinational corporations, sovereign investment vehicles, promoter-led businesses and Indian groups on complex corporate tax, regulatory and risk matters. Expertise spans India market entry, foreign investment regulations, corporate and international tax, transfer pricing, dispute resolution and board-level risk oversight.
Eligibility confirmation: Not debarred from holding the office of Director by virtue of any order of SEBI or any other authority.
Relationship with other directors: Not disclosed.
Retirement of Mr. Rajeewa R Arya
Nature of change: Retirement by rotation.
Name and DIN: Mr. Rajeewa R Arya (DIN: 10620120)
Effective date: Concluded at the Annual General Meeting on 22nd September 2026.
Reason: Expressed unwillingness for re-appointment due to personal reasons.
Previous role: Director.
Re-appointment of Ms. Sanjana Khaitan
Nature of change: Re-appointment as Executive Director.
Name and DIN: Ms. Sanjana Khaitan (DIN: 07232095)
Effective date: 22nd September 2026.
Brief profile: Finance professional and postgraduate in finance from the University of Cambridge. Extensive experience in finance-led strategy, investment banking and global business operations. Joined the Board of the Company in 2022 as Finance Director. Expertise in managing banking relationships, developing strategic partnerships, strengthening financial controls and establishing robust accounting and financial processes.
Eligibility confirmation: Not debarred from holding the office of Director by virtue of any order of SEBI or any other authority.
Relationship with other directors: Mr. Sohan Lal Agarwal is the grandfather of Ms. Sanjana Khaitan.
Any Other Material Information
The changes were approved by shareholders at the 36th Annual General Meeting held on Tuesday, September 22, 2026.
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. H0/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.
