In compliance with Regulation 30 of SEBI (LODR), 2015, please find disclosure w.r.t. change in directors of the company
PIONRINV · price
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Pioneer Investcorp's board, at its meeting on 20th June 2025, approved the re-appointment of Managing Director Mr. Gaurang Gandhi for a 3-year term from 1st October 2025 to 30th September 2028. Independent Director Mrs. K.C. Maniar ceased upon completing her two consecutive 5-year terms. Two new directors were appointed: Mrs. Saraswathy Sadasivan as Non-Executive Non-Independent Director and Mr. Raj Kumar Singh as Non-Executive Independent Director (5-year term). Mr. Shailesh Dalal was re-appointed for a second 5-year term as Independent Director, and Mr. Tushya Jatia was re-appointed as a Director retiring by rotation. The board also appointed M/s Vineet Patel & Co. as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30) and approved raising up to Rs. 300 Crores via Secured/Unsecured Redeemable Non-Convertible Debentures on a private placement basis, subject to shareholder approval.
The changes reflect routine board renewal with continuity at the top (MD re-appointed), while the Rs. 300 Crore NCD plan signals a meaningful fundraising exercise that may impact future leverage and dilution dynamics, pending shareholder approval at the AGM.