Members Approve Dileep Badey as Independent Director and P. J. Bhavani as Managing Director

At the 27th AGM held on 30th September, 2026, members approved: Mr. Dileep Badey (aged 43) as Non-Executive Independent Director, not liable to retire by rotation; and Ms. P. J. Bhavani (aged 36).

Wed 30 Sep 2026

Mr. Dileep Badey Appointment

Non-Executive Independent Director, not liable to retire by rotation, term until AGM 2031

Ms. P. J. Bhavani Appointment

Managing Director (Executive Director), term until AGM 2031

Mr. Dileep Badey Background

Aged 43, Bachelor's in Civil Engineering, over 15 years experience in engineering, project management and real estate development

Ms. P. J. Bhavani Background

Aged 36, B.Com graduate, CA (Inter) and CS (Inter) completed, over 10 years experience in auditing, project/revenue management and finance

What was approved

Members of the company, at the 27th Annual General Meeting held on 30th September, 2026, approved two board changes under Regulation 30 of SEBI LODR.

• Mr. Dileep Badey (earlier an Additional Director) is appointed as a Non-Executive Independent Director, not liable to retire by rotation, from the date of the AGM until the conclusion of the AGM to be held in 2031.
• Ms. P. J. Bhavani, an existing Non-Executive, Non-Independent Director, is appointed Managing Director, with a consequent change in designation to Executive Director, for the same term up to the AGM to be held in 2031.

Backgrounds

• Mr. Dileep Badey, aged 43 years, holds a Bachelor's degree in Civil Engineering and a postgraduate qualification in Advanced Construction Management from NICMAR, with over 15 years of experience in engineering, project management and real estate development.
• Ms. P. J. Bhavani, aged 36 years, is a B.Com graduate and has completed CA (Inter) and CS (Inter), with over ten years of experience in auditing, project / revenue management and finance in the real estate sector.

Other particulars

• Neither is related to any Director of the company.
• Both have affirmed they are not debarred from holding the office of director by any order of SEBI or other authority.

What it means for investors

The company now has an executive head in the Managing Director role, and an independent director whose earlier additional-director appointment has been regularised by shareholders. This is a governance and leadership structure change; no financial terms are set out in this intimation.

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