Shareholders approve two new director appointments at 29th AGM

Mr. Jayesh Madhusudan Dave as Non-executive, Non-independent Nominee Director, effective 1st October, 2026.

Wed 30 Sep 2026

Director Appointment 1

Mr. Jayesh Madhusudan Dave as Non-executive, Non-independent Nominee Director, effective 1st October, 2026

Director Appointment 2

Ms. Bhawika Ogra as Non-executive, Independent Director for 5 consecutive years, from 1st October, 2026 to 1st October, 2031

AGM Date

30th September, 2026

Meeting Number

29th AGM

Director Experience

Ms. Bhawika Ogra has 29+ years in regulatory compliance, governance, risk management and capital markets

What happened

The 29th Annual General Meeting was held on 30th September, 2026 at 04:00 P.M. Shareholders approved two director appointments, by Ordinary Resolution and Special Resolution respectively.

The appointments

• Mr. Jayesh Madhusudan Dave (age 51 years) joins as Non-executive, Non-independent, Nominee Director from 1st October, 2026, not liable to retire by rotation. He holds an MS in Computer Science from Fairleigh Dickinson University and is Founder and CEO of XDuce Group, a technology organisation with operations across North America, the UK and India that has grown to more than 1,500 professionals globally.
• Ms. Bhawika Ogra (age 53 years) joins as Non-executive, Independent Director for 5 consecutive years, from 1st October, 2026 up to and including 1st October, 2031, not liable to retire by rotation. She has 29+ years of experience in regulatory compliance, governance, risk management and capital markets, including roles as Chief Regulatory Officer & Compliance Officer of NSE IFSC and Senior Vice President at NSE. She holds an MMS (Finance) from BITS Pilani and is currently Founding Partner at MAVROK Strategic Advisors LLP.

Other details

• Neither director is related to any Director or Key Managerial Personnel of the company.
• Both hold NIL shares of the company and hold no other listed-entity directorships or board committee memberships.

How to read this

This is a board composition change approved by shareholders. The nominee director's background is in technology services, while the independent director brings capital markets and regulatory governance experience. No financial terms of the appointments are part of this intimation beyond the terms of office described.

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