Shareholders approve three Independent Director appointments for five-year terms

Rahul Gambhir — 5 years from June 13, 2026.

Fri 25 Sep 2026

Rahul Gambhir Appointment

Independent Director for 5 years from June 13, 2026 to June 12, 2031

Chetranda Somanna Muddaiah Appointment

Independent Director for 5 years from June 13, 2026 to June 12, 2031

Mahesh Meenakshisundaram Appointment

Independent Director for 5 years from July 03, 2026 to July 02, 2031

Rahul Gambhir Experience

Over 30 years of leadership experience across consumer brands including Johnson & Johnson, Tommy Hilfiger, Red Bull, Twinings and Monster…

Mahesh Meenakshisundaram Experience

Around 33 years of experience across project and product-led businesses; CEO and sector head of Creaticity

What was approved

At the Annual General Meeting held on Friday, September 25, 2026, shareholders approved the appointment of three Independent Directors, based on the recommendation of the Nomination and Remuneration Committee and approval of the Board.

• Mr. Rahul Gambhir — Independent Director for five (5) years, from June 13, 2026 to June 12, 2031.
• Mr. Chetranda Somanna Muddaiah — Independent Director for five (5) years, from June 13, 2026 to June 12, 2031.
• Mr. Mahesh Meenakshisundaram — Independent Director for five (5) years, from July 03, 2026 to July 02, 2031.

Backgrounds

• Rahul Gambhir has over 30 years of leadership experience across consumer brands, with senior roles at Johnson & Johnson, Tommy Hilfiger, Red Bull, Twinings and Monster Energy. He holds a B.Tech from BITS Pilani and a PGDM (Marketing) from IIM Bangalore, and is currently in consulting.
• Chetranda Somanna Muddaiah has experience in business scaling, omnichannel strategy and organisation building, with leadership roles at Nicobar Design and 24Seven Convenience Stores, and associations with Future Group, Bharti Walmart, Barista Coffee and Levi Strauss & Co. He holds an MBA from Mangalore University.
• Mahesh M. has around 33 years of experience across project and product-led businesses. He currently serves as CEO and sector head of Creaticity, and previously held senior positions with HomeTown, Style Spa Furniture and BP Ergo/VIP Industries. He holds a Ph.D. in Management (Marketing) from IBS Hyderabad.

Other disclosures

• None of the three is related to any of the Directors of the Company.
• None is debarred from holding the office of Director by any SEBI order or other authority.

What it means for investors

This is a board composition change. The three appointees bring retail, consumer and home/furniture sector experience, which is relevant to the company's home retail business. There is no change to the company's financial position disclosed in this update.

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