Change in Director / Key Managerial Personnel
Appointment of Additional Non-executive Independent Director
Nature of change: Appointment
Name and DIN: Mr. Pankaj Jain (DIN: 11114458)
Effective date and tenure: Appointment effective August 04, 2026, for a term of 5 consecutive years until August 03, 2031, subject to shareholder approval at the ensuing General Meeting.
Brief profile: CA Pankaj Jain is a Chartered Accountant with over 12 years of experience in Debt Syndication, Project Finance, Corporate Finance, Debt Restructuring, NCLT Resolution, Asset Acquisition, and Loan Against Securities (LAS) Portfolio Management. He has successfully raised over Rs. 1,000 crore through Term Loans, Working Capital facilities, NCDs, Letters of Credit, and Bank Guarantees, while also executing retail portfolio acquisitions exceeding ₹100 crore from leading NBFCs. His expertise spans financial modelling, project appraisal, lender negotiations, structured finance, resolution plan implementation, and post-sanction execution. Pankaj has extensive experience in preparing investment proposals, project reports, cash flow models, and restructuring strategies, while maintaining strong relationships with banks, NBFCs, private equity funds, and financial institutions. He also serves as an Independent Director in listed companies, contributing to corporate governance and strategic financial decision-making.
Confirmation of eligibility: Mr. Pankaj Jain is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.
Relationship with other directors: NIL
Appointment of Manager (Key Managerial Personnel)
Nature of change: Appointment
Name: Mr. Harsh Jain
Designation: Manager (Key Managerial Personnel)
Effective date and tenure: Appointment effective August 04, 2026, for a term of 5 years until August 03, 2031, subject to shareholder approval at the ensuing AGM.
Brief profile: Mr. Harsh Jain is a Commerce Graduate having experience in corporate management, business administration, strategic planning, finance and operational management. He has been associated with various companies and Limited Liability Partnerships in leadership positions, serving as Director and Designated Partner, where he has contributed towards organizational growth, governance, and business development. He has been actively involved in overseeing business operations, administration and management functions. His experience includes corporate planning, regulatory compliances, business development and organizational management. The Board believes that his knowledge and managerial capabilities will contribute significantly towards the efficient management and growth of the Company.
Relationship with other directors: Mr. Harsh Jain is the son of Mr. Naresh Manakchand Jain (Non-Executive Director) and the brother of Ms. Karishma Jain (Executive Director & Chief Financial Officer) of the Company.
Key Financial or Operational Approvals
The Monitoring Committee of the Company, exercising the powers of the Board of Directors pursuant to the approved Resolution Plan, at its meeting held on 04th August, 2026, approved the appointments mentioned above.
Strategic or Business Context
The appointments are made under the framework of the approved Resolution Plan, indicating ongoing corporate restructuring efforts.
Any Other Material Information
Regulatory compliance: The disclosure is made pursuant to Regulation 30 read with Clause 7 of Para A of Part A of Schedule III of the SEBI Listing Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.