Quarterly corporate governance compliance report shared for Q2 FY 2026-27

Quarterly corporate governance compliance report for the quarter ended September 30, 2026.

Thu 8 Oct 2026

Independent directors on board

Mr. Sunil Tandon, Mr. Nikesh Jain and Ms. Anusha Chaitanya Date

Board meeting attendance

6 directors and 3 independent directors attended board meetings

Longest gap between consecutive board meetings

47 days

What was shared

The investment manager of the InvIT submitted the quarterly compliance report on corporate governance for the quarter ended September 30, 2026. It covers the board and committee composition of the investment manager, the meetings held during the quarter, and re-appointments on the board.

Board of the Investment Manager

• Mr. Rajinder Pal Singh — Chairman and Non-Independent Director. He was appointed as an Independent Director on 14/02/2017, and his second term as an Independent Director was completed on 13/02/2022.
• Mr. Jitender Kumar Chauhan — Non-Independent Director, Whole time Director and Chief Executive Officer.
• Mr. Rushabh Gandhi — Non-Independent Director, Executive Director and Chief Financial Officer.
• Independent directors: Mr. Sunil Tandon (tenure 75.25 months), Mr. Nikesh Jain (tenure 54.14 months) and Ms. Anusha Chaitanya Date (tenure 42.00 months).
• A regular chairperson is appointed, and the chairperson is not related to the Managing Director or CEO.

Committees

Four committees are listed — Audit, Nomination & Remuneration, Risk Management, and Stakeholders Relationship. Each has a regular chairperson appointed. Mr. Sunil Tandon chairs the Audit and the Nomination & Remuneration Committees, while Mr. Nikesh Jain chairs the Risk Management and the Stakeholders Relationship Committees. All four committees have independent directors among their members. Mr. Nikesh Jain holds 9 memberships in Audit / Stakeholder Committees across Managers / Investment Managers of REIT / InvIT and listed entities, including this Investment Manager.

Meetings held during the quarter

• Board meetings were held on 02/07/2026, 23/07/2026, 26/08/2026 and 21/09/2026, with an additional meeting on 24/09/2026.
• Quorum was met at each meeting. 6 directors were present at the meetings, including 3 independent directors.
• The maximum gap between two consecutive board meetings was 47 days.
• Audit Committee meetings were held on 02/07/2026, 23/07/2026, 26/08/2026, 21/09/2026 and 24/09/2026, with quorum met and 3 independent directors present.
• The maximum gap between two consecutive Audit Committee meetings was 47 days.

Re-appointments disclosed

• Mr. Rajinder Pal Singh was re-appointed as Non-Executive - Non-Independent Director, notwithstanding his attaining the age of 75 years, for a further period of three (3) years commencing from February 14, 2027.
• Mr. Rushabh Gandhi was re-appointed as Executive Director with effect from 31/03/2026; he was earlier designated as Chief Financial Officer with effect from 26/03/2021.

How to read this

This is a periodic governance disclosure rather than a business or financial update. It sets out who sits on the investment manager's board and committees, the meetings held in the quarter, attendance and quorum, and the re-appointments of directors, which are the standard governance points an investor can check for an InvIT.

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