Oberoi Realty Limited has informed the Exchange regarding Appointment of Mr Sanjay Shah as Non- Executive Independent Director of the company w.e.f. July 02, 2025.
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Oberoi Realty has re-appointed Mr. Sanjay Shah as a Non-Executive Independent Director effective July 2, 2025, for a five-year term ending June 15, 2030. He was first appointed as an Additional Director on June 16, 2025, but his office automatically ended at the 27th AGM held on July 2, 2025, under Section 161(1) of the Companies Act because shareholder approval could not be sought in time. The Board has now re-appointed him to ensure continuity, subject to shareholder approval at a future AGM. Mr. Shah brings over 32 years of investment banking and capital markets experience, including a long stint at Morgan Stanley India where he last served as Country Head and Managing Director.
This is a routine board-level governance event with no material impact on operations or financials. Continuity of an experienced independent director supports stable oversight, and shareholders will get to vote on the appointment at the next AGM.