Oberoi Realty Limited has informed the Exchange regarding Appointment of Mr Mr. Sanjay Shah as Non- Executive Independent Director of the company w.e.f. Jun 16, 2025.
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Oberoi Realty has appointed Mr. Sanjay Shah as an Additional Independent Director with effect from June 16, 2025, for a 5-year term ending June 15, 2030, subject to shareholder approval. Mr. Shah brings over 32 years of experience in investment banking and capital markets. He was previously with Morgan Stanley India from 1996 to 2023, where he served as Country Head-India & Managing Director. He holds a degree in Chemical Engineering and a Masters in Management Studies (Finance) from Mumbai University. The company confirmed he is not debarred from holding directorship by SEBI or any other authority.
This is a routine board appointment that strengthens Oberoi Realty's governance with the addition of a seasoned capital markets professional. The move may be viewed positively by investors given Mr. Shah's strong investment banking background, though it is unlikely to cause any immediate movement in the stock price.