Oberoi Realty Limited has informed the Exchange about appointment of Mr. Sanjay Shah as Non - Executive Independent Director w.e.f June 16, 2025
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Oberoi Realty has appointed Mr. Sanjay Shah (DIN 00338251) as an Additional Independent Director on its board with effect from June 16, 2025. His term is for 5 years, running until June 15, 2030, and is subject to shareholder approval. Mr. Shah brings over 32 years of experience in investment banking and capital markets, having spent nearly three decades (1996–2023) at Morgan Stanley India, where he last served as Country Head-India & Managing Director. He holds a degree in Chemical Engineering and a Master's in Management Studies (Finance) from Mumbai University. The company has confirmed he is not debarred from holding a directorship by SEBI or any other authority.
The addition of a senior former investment banking leader to the board is a governance-positive move, bringing deep capital markets and financial expertise that could benefit strategic and fundraising decisions. Shareholders are likely to view this as a strengthening of board quality, though the appointment still needs their approval.