Q2 FY 2026-27 corporate governance report; Nominee Director seat vacant after cessation
Governance report for the quarter ended September 30, 2026, shared under Regulation 26K of the SEBI (InvIT) Regulations, 2014.
By ScoutQuest · · 3 min read
- Nominee Director Cessation Date
- September 13, 2026
- Board Meeting Dates
- 10-08-2026 and 28-09-2026
- September Meeting Attendance
- 5 directors present, 3 of them independent
What was shared
Raajmarg Infra Investment Trust, through its Investment Manager Raajmarg Infra Investment Managers Private Limited, has submitted its Corporate Governance Report for the quarter ended September 30, 2026. It is a quarterly disclosure on how the Board of the Investment Manager and its committees are composed, and how often they met.
Board of the Investment Manager
- Mr. Giridhar Aramane is Chairperson - Independent Director, with a tenure shown as 9.17 Month.
- Ms. Annie George Mathew and Mr. Dip Kishore Sen are also Independent Directors.
- Mr. Neti Ravi Vijay Venkat Murali Krishna Rajendra Kumar is a Non-Independent Director.
- Mr. Himanshu Gulliani is a Nominee Director.
- The report confirms that a regular chairperson is appointed, and that the chairperson is not related to the managing director or CEO.
- Mr. Anil Agrawal ceased to hold the position of Nominee Director with effect from September 13, 2026, consequent to the cessation of his employment with Axis Bank Limited, the nominating entity. Under the SEBI (Infrastructure Investment Trusts) Regulations, 2014, the Investment Manager has a period of three months to fill the vacancy. A new nomination has been provided by Axis Bank, and the new director will be onboarded with due process.
Committees
- The Audit Committee is chaired by Ms. Annie George Mathew, with Mr. Giridhar Aramane, Mr. Dip Kishore Sen and Mr. Neti Ravi Vijay Venkat Murali Krishna Rajendra Kumar as members.
- The Nomination & Remuneration Committee is chaired by Mr. Dip Kishore Sen, with Mr. Giridhar Aramane, Ms. Annie George Mathew and Mr. Himanshu Gulliani as members.
- The Risk Management Committee is chaired by Mr. Giridhar Aramane, with Mr. Dip Kishore Sen, Mr. Neti Ravi Vijay Venkat Murali Krishna Rajendra Kumar and Mr. Himanshu Gulliani as members.
- The Stakeholders Relationship Committee is chaired by Mr. Giridhar Aramane, with Ms. Annie George Mathew, Mr. Dip Kishore Sen and Mr. Himanshu Gulliani as members.
- A regular chairperson is appointed for each of the four committees.
Meetings held
- The Board met on 10-08-2026 and 28-09-2026 during the quarter; the quorum requirement was met at both meetings. 5 directors were present at the September meeting, of whom 3 were Independent Directors.
- The Audit Committee met on 10-08-2026 and 28-09-2026, with the quorum requirement met at both.
- The Nomination & Remuneration Committee met on 28-09-2026 with quorum met; the gap since its previous meeting was 139 days.
- The Risk Management Committee and the Stakeholders Relationship Committee had no meeting in the quarter; both last met on 04.06.2026.
- The maximum gap between two consecutive Board meetings shown in the report is 67 days.
What it means for unit holders
This is a periodic governance update rather than a business or financial announcement. It lets investors check how independent the Investment Manager's Board is, how its committees are chaired and how regularly they meet. The change to note is the Nominee Director seat: Axis Bank's nominee ceased to hold the position after his employment with the bank ended, a fresh nomination has been received, and the process to onboard a replacement is to be completed within the prescribed three-month window.
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More numbers
- Tenure of Independent Directors (Aramane, Mathew, Sen)9.17 Month
- Period allowed to fill Nominee Director vacancythree months
- Directors present at Board meeting on 28-09-20265
- Independent Directors present at Board meeting on 28-09-20263
- Maximum gap between two consecutive Board meetings67
- Gap between consecutive Nomination & Remuneration Committee meetings139
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