In compliance with R 30 of SEBI (LODR) Regulations, 2015, we inform that, Board of Directors at their meeting held today inter alia approved the following, based on recommendations of NRC, ....
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The board approved the appointment of Mr. Neeraj Agrawal as Additional Director (Non-Executive), effective 25th March 2026. He is a senior Tata Projects executive with over 30 years of EPC industry experience. The board also re-appointed Mr. Jyotisman Dasgupta as Independent Director for a second 5-year term and Mr. Shashank Jha (CEO) as Whole-Time Director for 3 years, both effective 19th April 2026, subject to shareholder approval via postal ballot. Additionally, in-principle approval was given for a loan of up to Rs. 10 crores from Tata Projects Limited, the company's holding company.
Re-appointment of the CEO for a fresh 3-year term signals leadership continuity, which is reassuring for shareholders. The Rs. 10 crore loan from the parent (Tata Projects) is a small amount relative to operations but shows continued holding-company support for liquidity.