Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations ('LODR Regulations™), this is to inform you that the ....
Awaiting price reaction for this filing.
The Board of Directors of Aar Shyam India Investment Company Limited met on May 14, 2026 and approved several key management changes. Ms. Perla Pavani was appointed as Additional Executive Director (for 3 years, subject to shareholder approval) and simultaneously as Chief Financial Officer (CFO), replacing Ms. Pushpa Joshi who resigned for personal reasons. Additionally, Mr. Abhijeet Yashwant Nagrale resigned as Non-Executive Independent Director, also citing personal reasons. Mr. Nagrale was the Chairman of three key board committees - Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee. The company has not disclosed any specific reasons for these departures beyond personal reasons.
The simultaneous resignation of both the CFO and an Independent Director who chaired multiple committees may raise governance concerns for investors. The company has filled the CFO vacancy internally with Ms. Perla Pavani, a B.Tech Computer Science graduate, but the independent director position remains vacant.