Please find attached intimation regarding appointment of Independent Director (Additional Director) of the Company.
Awaiting price reaction for this filing.
Peoples Investments Ltd has appointed Mr. Atul Dharap (DIN: 06699876) as an Independent Director (Additional Director) of the Company, effective May 20, 2025. The appointment, approved by the Board based on the recommendation of the Nomination & Remuneration Committee, is for a term of five years and is subject to approval by shareholders at the next General Meeting. Mr. Dharap is a Cost Accountant with over 25 years of experience in finance, secretarial, cost management, and commercial functions, and currently serves on the boards of Vananchal Samruddhi Abhiyan Foundation and Retail Hub Solutions Limited. He has previously been a director at Raymond Luxury Cottons Ltd, Ring Plus Aqua Ltd, and other Raymond group companies. He is not related to any existing Director or KMP of the Company.
This is a routine board composition update with no material impact on the stock price or shareholder value. It strengthens the independent oversight on the board and is a regulatory compliance filing.