RESIGNATION OF MRS. MINU DATTA FROM THE POSITION OF THE INDEPENDENT DIRECTOR OF THE COMPANY.
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Mrs. Minu Datta has resigned as Non-Executive Independent Director effective end of business on March 30, 2026, citing other pre-occupations and commitments. She confirmed there are no other reasons for her exit. On the same date, the Board appointed three new directors: Mr. Mukesh Shaw as Additional Non-Executive Independent Director for a 5-year term, Mr. Abhishek Musaddi as Additional Non-Executive Independent Director, and Mrs. Kusum Kochar as Additional Non-Executive Director. All appointments are subject to shareholder approval. None of the new appointees are related to existing directors, hold shares in the company, or are barred by SEBI from holding directorship. Mrs. Datta also confirmed she would not hold directorship on any listed entity after her cessation date.
This is a routine board reshuffle with one independent director exit and three new additions, maintaining the strength of the board. For shareholders, the key action item is approval of the new director appointments at the next general meeting. The change is unlikely to materially impact stock price or operations.