Intellect Design Arena Limited has informed the Exchange regarding Re- appointment of Mr.Abhay Anant Gupte (DIN: 00389288) as Non- Executive Independent Director of the company w.e.f. Jun 15, 2025.
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Intellect Design Arena has informed the exchanges about the re-appointment of Mr. Abhay Anant Gupte (DIN: 00389288) as a Non-Executive Independent Director for a second term of 5 years, effective June 15, 2025. The re-appointment is based on the recommendation of the Nomination, Remuneration and Compensation Committee and is subject to shareholder approval via a Postal Ballot through a Special Resolution. Mr. Gupte currently serves as MD and CEO of Manipal Technologies Limited, with over 38 years of experience across companies like EDS, Logica, American Express Bank, and GE Capital. He is an IIT New Delhi alumnus and is not debarred from holding a directorship by any SEBI order or authority.
This is a routine governance event with no material impact on operations or shareholder value. Shareholders will get to vote on the re-appointment through a postal ballot, providing them a say in board continuity.