Nature of change: Appointment of Mr. Rajiv Goel (DIN: 05161245) as an Additional Director in the category of Non-Executive Independent Director
Effective date and tenure: Appointment effective from November 14, 2026 for a term of 5 consecutive years until November 13, 2031, not liable to retire by rotation
Qualifications and experience: Chartered Accountant (ICAI) and Science graduate from University of Delhi with over 31 years of experience in corporate finance, capital markets, treasury, Mergers & Acquisitions, ESG & Sustainability, stakeholder management and regulatory affairs
Previous roles: Senior Vice President at DLF Ltd. (2007-2020), Director on boards of several DLF Group companies. Led major equity fund raisings including QIPs of US$ 500 million and US$ 450 million. Led India's first CMBS issuance and structured US$ 1.5 billion investment by GIC Singapore. Managed engagement with regulators and credit rating agencies, led ESG roadmap including first sustainability report. Previous experience with Axis Bank (debt syndication and corporate advisory), Adfactors (investor relations advisory), and The Economic Times as Principal Investment Analyst for about a decade
Current positions: Independent Director on boards of Goodluck India Ltd. and Delhi Transco Ltd., independent financial and regulatory consultant
Professional affiliations: Part of SEBI committee for Regulations for credit rating agencies, member of ICAI Committee on Financial Markets, visiting speaker at Institute of Company Secretaries of India
Eligibility confirmation: Affirmed that he is not debarred to be appointed as a Director by virtue of any SEBI order or any other authority
Relationship disclosure: Not related to any Director of the Company
Approval status: Appointment is subject to requisite approvals
Key Financial or Operational Approvals
The Board approved financial results for the second quarter and half year period ended September 30, 2026 of the Financial Year 2026-27
These results were submitted separately to the exchanges pursuant to BSE Circular & NSE Circular
The Board meeting duration was from 1530 Hrs to 1845 Hrs on November 14, 2026
Any Other Material Information
The appointment was made upon the recommendation of the Nomination and Remuneration Committee
The disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
The company submitted the required Annexure A with detailed director information
