Chairman resigns; board approves appointment of new Non-Executive Director and Chairperson

Board meeting on 6th October 2026 approved two changes at the top.

Tue 6 Oct 2026

Board Meeting Date

6th October 2026

Chairperson Resignation

Mr. Deepak Saushi resigned as Non-Executive Director & Chairperson w.e.f. 6th October 2026

New Chairperson Appointed

Mr. Sandesh Subhash Namase appointed Director (Non-Executive) and Chairperson w.e.f. 6th October 2026, holds NIL shares

The Board of Directors of the Company met on Tuesday, 6th October 2026 and approved two changes at the top of the board. Both changes take effect from 6th October 2026.

The two decisions

• Mr. Deepak Saushi has resigned from the post of Non-Executive Director & Chairperson of the Company with effect from 6th October 2026; the annexure records the cessation as close of business hours on 6th October 2026. The stated reason is pre-occupancy and other commitment. He has confirmed that there is no material reason for his resignation other than mentioned in his resignation letter.
• Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors has appointed Mr. Sandesh Subhash Namase as Director (Non-Executive) and Chairperson of the Company w.e.f. 6th October 2026, subject to the approval of regulatory/statutory authorities and the shareholders of the Company at the General Meeting.

About the incoming Chairperson

• B. Com graduate with over 10 years of experience in accounting, taxation and administration.
• His expertise includes GST and TDS compliance, income tax returns, bank reconciliation, finalisation of books of accounts, and coordination with clients and vendors.
• No relationships with other directors, and no directorship in any listed or unlisted entity.
• Not debarred from holding the office of director by virtue of any SEBI order or any other such authority.
• Holds NIL shares in the Company.

About the outgoing Chairperson

• The disclosure states he holds directorships in no listed entity, and states the category of directorship and board committee memberships as None there.
• His resignation letter records pre-occupancy and other commitment as the reason, and confirms there are no other material reasons for the resignation.

What investors may note

• The appointment of the new Chairperson is subject to the approval of regulatory/statutory authorities and the shareholders of the Company at the General Meeting.
• A change of Chairperson is a board-level development; the incoming Chairperson has no shareholding in the Company and no directorship in other listed or unlisted entities as per the disclosure.

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