Quarterly corporate governance report: Chairperson change and board reshuffle in Q2 FY27
Maple Infrastructure Trust has shared its corporate governance report for the quarter ended September 30, 2026.
By ScoutQuest · · 3 min read
- Chairperson Change
- Mr. Louis-Marie St-Maurice resigned w.e.f. September 11, 2026; Mr. Akshay Jaitly appointed Chairperson
- Independent Director Resignation
- Ms. Seema Gupta resigned as Independent Director on September 14, 2026
- Board Meetings
- Met on August 10 and September 11, 2026, with 4 independent directors present at both
Maple Infrastructure Trust has shared its Corporate Governance Report for the quarter ended September 30, 2026. It sets out who sits on the board of the Investment Manager, how its committees are made up, how often they met, and the confirmations the Investment Manager has given on compliance with the SEBI InvIT Regulations.
Board changes in the quarter
- Mr. Louis-Marie St-Maurice resigned from his directorship with effect from September 11, 2026 and stepped down as Chairperson of the Board. Mr. Akshay Jaitly was immediately appointed Chairperson. Mr. Jaitly is a Non-Independent Director and has been on the board since 31 January 2026.
- Ms. Seema Gupta, an Independent Director, resigned with effect from September 14, 2026. Her tenure at that date is shown as 41.15 months, which the report's own note explains as 41 months and 15 days.
- Mr. Akhilesh Kumar Srivastava was appointed an Independent Director on September 11, 2026. Mr. Abhimanyu Diwan and Mr. Prateek Ghanshyam Das Jhawar were appointed Non-Independent Directors on the same date.
- Ms. Shalini Kalsi Kamath continues as an Independent Director with a tenure of 29.01 months. Mr. Anil Chaudhry and Mr. Parthasarathy Vankipuram Srinivasa are the other continuing independent directors. Mr. Niraj Kumar Murarka is a Unitholder Nominee Director.
- The report confirms a regular Chairperson is in place, and that the Chairperson is not related to the managing director or CEO.
Meetings held
- The board met on 10 August 2026 and 11 September 2026, and quorum was met at both meetings. 8 directors were present at the August meeting and 11 at the September meeting; 4 independent directors were present at each.
- The Audit Committee met on 10 August 2026, the Nomination & Remuneration Committee on 11 September 2026 and the Risk Management Committee on 31 August 2026. Quorum was met at each of these meetings.
- The InvIT Committee met on 04 August 2026 and 17 August 2026, with quorum met at both.
- The Stakeholders Relationship Committee and the Corporate Social Responsibility Committee did not meet during the quarter.
Gaps between meetings
- The maximum gap between two consecutive board meetings is shown as 75 days.
- For the Risk Management Committee the maximum gap shown is 201 days, and for the Nomination & Remuneration Committee it is 111 days.
- These are the intervals recorded in the report's own maximum-gap column for each body.
Other disclosures
- The report affirms that the composition of the board and of the Audit, Nomination & Remuneration, Stakeholders Relationship and Risk Management Committees is in terms of the SEBI InvIT Regulations, that members have been made aware of their powers, role and responsibilities, and that meetings were conducted in the manner specified. Each affirmation is answered Yes, and the board's comments column is marked Nil.
- The report for the previous quarter ended June 30, 2026 was placed before the Board of the Investment Manager at its meeting held on 10 August 2026. The report for the current quarter will be placed before the Board at its ensuing meeting.
What this means for unitholders: this is a periodic governance disclosure rather than a business, toll-collection or distribution update. It records a change of Chairperson at the Investment Manager, the exits of Mr. Louis-Marie St-Maurice and Ms. Seema Gupta, and the induction of Mr. Akhilesh Kumar Srivastava, Mr. Abhimanyu Diwan and Mr. Prateek Ghanshyam Das Jhawar. It also shows how often the board and each committee met during the quarter and the intervals between meetings, which unitholders can use to track oversight of the trust.
Also from Maple Infrastructure Trust
Q2 FY27 unitholding pattern: sponsor group holds 37.50%, 96.60% of its units encumbered
7 Oct 2026
Trading Window Closed From October 1, 2026 Ahead of Q2/H1 Results
28 Sep 2026
More numbers
- Directors present at board meeting on 11 September 202611
- Directors present at board meeting on 10 August 20268
- Independent directors present at each board meeting4
- Maximum gap between two consecutive board meetings75
- Maximum gap between two consecutive Risk Management Committee meetings201
- Maximum gap between two consecutive Nomination & Remuneration Committee meetings111
- Tenure of Ms. Seema Gupta as Independent Director41.15
- Tenure of Ms. Shalini Kalsi Kamath as Independent Director29.01
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.