As per attached disclosure.
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Paradeep Parivahan's board, at a meeting held on April 13, 2026, approved the appointment of Mr. Abdul Basith Shaikh (DIN: 11070576) as an Additional Director of the company, effective the same day. Mr. Shaikh, who holds a B.Tech from NIT Karnataka and an MBA from NMIMS Mumbai, was previously serving as Vice President of the company and has over a decade of experience with JSW Group, Welspun Group, and Tata Steel. He will serve as Additional Director until the next Annual General Meeting, after which his appointment is to be regularized as a Whole-Time Director subject to shareholder approval. Notably, Mr. Shaikh is the son-in-law (daughter's husband) of Mr. Khalid Khan, the existing Managing Director of the company, making this a family-related board appointment.
This is a routine internal promotion to the board with a family connection to the existing Managing Director, which may raise corporate governance questions among minority shareholders but is unlikely to materially affect the stock price. Shareholders will have the opportunity to vote on his regularization as Whole-Time Director at the upcoming AGM.