Key Changes in Committee Composition
Mrs. Aanal Mehta, Independent Director of the Company, tendered her resignation from the position of Chairperson of the following Committees effective 18/04/2026:
- Audit Committee
- Stakeholders Relationship Committee
She continues as a Member of these committees despite resigning as Chairperson.
New Committee Structure
The reconstituted committees are as follows:
Audit Committee:
- Chairperson: Mr. Rajat Raja Kothari
- Members: Mrs. Aanal Mehta, Mr. Brijesh Saxena
NRC (Nomination and Remuneration Committee):
- Chairperson: Mr. Rajat Raja Kothari
- Members: Mrs. Aanal Mehta, Mr. Simarjeet Singh Baweja
SRC (Stakeholders Relationship Committee):
- Chairperson: Mr. Rajat Raja Kothari
- Members: Mrs. Aanal Mehta, Mr. Brijesh Saxena
Reason for Revision
The company states that in earlier filings, the name of the Chairperson was "inadvertently mentioned incorrectly in some instances due to an oversight." The correct position, as approved internally, is that Mr. Rajat Raja Kothari has been appointed as Chairperson of all Committees with effect from 18/04/2026.
Resignation Rationale
According to the resignation letter dated April 13, 2026, Mrs. Aanal Mehta resigned from the position of Chairman (referred to as Chairperson in the main letter) "since I am not able to devote the time required to fulfil the duties of Chairperson due to my pre-occupation."
Continuation and Transition
Mrs. Mehta explicitly stated in her resignation letter that she "shall continue to serve the Company in my capacity as an Independent Director and will duly complete my term in accordance with applicable laws and governance standards." She also expressed commitment to "supporting the Company and ensuring a smooth transition."
Governance Impact
The disclosure confirms that "the above change does not impact the overall composition of the Board." The company characterizes this as a correction of earlier filing errors rather than a substantive change in governance structure.