Quarterly corporate governance compliance report for Q2 FY2026-27 shared
Citius TransNet Investment Trust has shared its quarterly corporate governance compliance report for the quarter ended September 30, 2026.
By ScoutQuest · · 2 min read
- Board composition
- 7 directors, of which 3 are independent
- Board meetings held
- Four board meetings were recorded in the preceding quarter
- Director change
- Mr. Subahoo Chordia ceased as a director on 27.07.2026 and Mr. Amit Agarwal was appointed on the same date
Board of the Investment Manager
The report lists seven directors on the board of EAAA TransInfra Managers Limited, the Investment Manager of the trust. Three are independent directors: Mr. Suresh Gurumani (tenure 16.16 months), Ms. Vidya Basarkod (tenure 16.16 months) and Dr. Emandi Sankara Rao (tenure 12.05 months).
- Mr. Sreekumar Chatra, Non-Executive Director, appointed 18.04.2025
- Ms. Bhavyang Oza, Whole Time Director, appointed 03.10.2025 and re-appointed 07.10.2025
- Mr. Amit Agarwal, Non-Executive - Non-Independent Director, appointed 27.07.2026
- Mr. Subahoo Chordia, Non-Executive Director, ceased 27.07.2026
The report states that no regular chairperson has been appointed, and that the chairperson is not related to the managing director or CEO.
Committee composition
- Audit Committee: chaired by Mr. Suresh Gurumani, with Dr. Emandi Sankara Rao and Ms. Vidya Basarkod (all independent) and Mr. Bhavyang Oza. Three of the four members are independent.
- Nomination & Remuneration Committee: chaired by Ms. Vidya Basarkod, with Mr. Suresh Gurumani and Dr. Emandi Sankara Rao. Mr. Subahoo Chordia ceased on 27.07.2026 and Mr. Amit Agarwal joined on 27.07.2026.
- Risk Management Committee: Mr. Amit Agarwal is chairperson from 27.07.2026, replacing Mr. Subahoo Chordia; the other members are Mr. Sreekumar Chatra, Ms. Vidya Basarkod, Mr. Suresh Gurumani and Dr. Emandi Sankara Rao.
- Stakeholders Relationship Committee: chaired by Dr. Emandi Sankara Rao, with Mr. Suresh Gurumani, Ms. Vidya Basarkod and Mr. Sreekumar Chatra.
Each of the four committees has a regular chairperson appointed.
Board meetings
Four board meetings were recorded for the preceding quarter, on 07.04.2026, 11.04.2026, 17.04.2026 and 23.04.2026. Quorum was met at every meeting.
- Directors present: 5, 6, 6 and 5 respectively
- Independent directors present: 3 at each meeting
- Maximum gap between two consecutive meetings: 03 days and 05 days across the meetings listed
Director commitments
The disclosure also lists other board and committee positions held by these directors across managers of REITs, InvITs and listed entities. Dr. Emandi Sankara Rao shows 5 directorships, 8 audit/stakeholder committee memberships and 2 chairperson posts in such committees.
What this update is
This is a standing quarterly disclosure required of InvITs, giving the governance structure of the Investment Manager as at the quarter ended September 30, 2026. It records who sits on the board and committees, changes during the period, and how often the board met.
Also from Citius TransNet Investment Trust
Board meeting on November 6 to consider Q2 results and unitholder distribution
22 Oct 2026
Unitholding pattern for quarter ended September 30, 2026; sponsor group holds 65.42%
13 Oct 2026
Postal ballot: unitholders to vote on add-back of borrowing-funded major maintenance in NDCF
9 Oct 2026
More numbers
- Tenure of Mr. Suresh Gurumani as Independent Director16.16 months
- Tenure of Ms. Vidya Basarkod as Independent Director16.16 months
- Tenure of Dr. Emandi Sankara Rao as Independent Director12.05 months
- Directorships held by Dr. Emandi Sankara Rao across managers of REIT/InvIT and listed entities5
- Number of directors present at a board meeting6
- Number of independent directors present at a board meeting3
- Maximum gap between two consecutive board meetings03 days
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