Reconstitution of Committees of Board of Directors with effect from November 24, 2025.

Monika Alcobev's board, at its meeting on November 24, 2025, approved the appointment of two new Non-Executive Independent Directors — Mr. Samir Kumar Das (DIN: 09645179) and Mr. Ghanshyam V Vyas (DIN: 11386659) — for a 5-year term effective the same day. Mr. Das is a 57-year-old financial services veteran with 26+ years of experience across SBI, ICICI Bank, Axis Bank, Tata Capital, and Aditya Birla Finance, with expertise in governance, credit risk, and insolvency. Mr. Vyas is a 67-year-old Chartered Accountant with 40+ years of experience in statutory audits, tax audits, and international assignments. Following these appointments, four board committees — Audit, Nomination & Remuneration, Stakeholders Relationship, and CSR — were reconstituted. Mr. Prasannakumar Gawde stepped down as Chairman of the Audit and Stakeholders Relationship Committees, with new leadership from Ms. Jagruti Sheth, Mr. Ghanshyam Vyas, and Mr. Samir Kumar Das.