Board appoints Ms. Swati Shivanand Salgaocar as Additional, Non-Executive Independent Director for five years

The Board appointed Ms. Swati Shivanand Salgaocar (DIN: 03500612) as an Additional, Non-Executive Independent Director.

Thu 8 Oct 2026

Director Appointed

Ms. Swati Shivanand Salgaocar (DIN: 03500612) as an Additional, Non-Executive Independent Director

Term

five years, from October 08, 2026 to October 07, 2031 (both days inclusive)

Shareholder Approval

The appointment is subject to the approval of the shareholders

What the board did

The Board of Directors, at its meeting held on October 08, 2026, appointed Ms. Swati Shivanand Salgaocar (DIN: 03500612) as an Additional, Non-Executive Independent Director of the company.

• Term: five years, from October 08, 2026 to October 07, 2031 (both days inclusive)
• The appointment is subject to the approval of the shareholders of the company
• Disclosure of relationships between directors: Nil

Who the new director is

• She is the Managing Director of V. M. Salgaocar & Brother Pvt Ltd and a Director at the Vimson Group of companies
• She holds a B.A. (Arch.) (Hons.) from Yale University, USA and an M.Arch. from Columbia University, USA
• She is an Independent Director on the board of Siemens Energy India Ltd and Bajaj Electricals Ltd, and a member of the Board of Management of Nayanta University, Pune
• She was Chairperson, Confederation of Indian Industry (Western Region) for 2024-25 and of the CII Goa State Council for 2022-23, and is at present a member of the CII National Council
• She has held positions on Government of Goa boards, including the Investment Promotion Board, Town & Country Planning Board and Tourism Board, and has been on the Governing Board and was Chairperson of the Campus Development Committee of the Goa Institute of Management
• She is a member of the Young Presidents' Organisation and The Owners Forum

The group she is associated with

The Vimson Group was founded over 70 years ago in Goa, with interests in mineral development (V. M. Salgaocar and Bro. Pvt. Ltd. in India and Singapore, and V. M. Salgaocar Sales International, in mining, export and trading of iron ore), real estate (mixed-use development in Goa under the brand Altura Spaces) and financial services (Shivranjani Securities Pvt. Ltd. and Vimson Finance Ltd., an NBFC).

How to read it

• This is a change in the composition of the board. An independent director sits on the board to bring outside judgement to board decisions and to chair or sit on board committees such as audit and nomination and remuneration.
• The term is fixed at five years, and the appointment will be placed before shareholders for approval.
• The update is a disclosure of the appointment and of the director's background; the terms of the appointment are as stated above.

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