Intimation of change in Management/ Appointment of Independent Director
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Lee & Nee Softwares Exports Ltd has appointed two new Non-executive Independent Directors, approved at its 37th Annual General Meeting held on September 25, 2025, via video conferencing. Mr. Tapan Dhar Mazumdar (DIN: 10765075), aged 72, with over 35 years of corporate experience at firms like Bayer and L&T, has been appointed for a five-year term from November 13, 2024 to November 12, 2029. Mrs. Sumita Mahadevan (DIN: 11236590), aged 60, a business advisor with expertise in financial and statutory regulations, has been appointed for a five-year term from August 13, 2025 to August 12, 2030. Both directors will receive only sitting fees for board and committee meetings, hold no shares in the company, and have no inter-se relationships with existing directors or key managerial personnel. Mrs. Mahadevan will serve on the Audit Committee and Stakeholder Relationship Committee.
The addition of two experienced independent directors strengthens the board's oversight and governance profile, which is generally viewed positively by investors. This is a routine compliance-driven appointment with no material financial impact on shareholders.