Members approve appointment of two Independent Directors, each for a 5-year term

Members at the 19th AGM approved the appointment of two Independent Directors — Ms. Asha Shravankumar Khedia and Mr. Santosh Kumar Purohit.

Thu 1 Oct 2026

AGM held

19th Annual General Meeting held on 30 September 2026

Appointees

Ms. Asha Shravankumar Khedia (DIN: 11743210) and Mr. Santosh Kumar Purohit (DIN: 11894207)

Term of appointment

5 consecutive years, from 24 August 2026 up to and including 23 August 2031

Independence criteria

Both confirmed to meet the independence criteria

What the company told the exchange

• The members of the company, at the 19th Annual General Meeting held on 30 September 2026, approved the appointment of two Independent Directors.
• The intimation is based on the Scrutinizer's Report received by the company on 1 October 2026.
• The company confirms that both appointees fulfil the criteria of independence under the Companies Act, 2013 and the SEBI Listing Regulations, and that neither is debarred from holding the office of Director by virtue of any order passed by SEBI or any other such statutory authority.

Who has been appointed

• Ms. Asha Shravankumar Khedia (DIN: 11743210): a qualified Company Secretary and Associate Member of the Institute of Company Secretaries of India, with over 13 years of experience in taxation, corporate advisory, corporate law, regulatory compliance and corporate governance.
• Mr. Santosh Kumar Purohit (DIN: 11894207): a Civil Engineer and Engineering Consultant holding a B.E. in Civil Engineering, with over 35 years of professional experience in engineering, construction and technical consultancy.
• Both have disclosed that they are not related to any of the Directors of the Company.

Term of appointment

• Date of appointment: Monday, 24 August 2026.
• Term: 5 consecutive years, with effect from 24 August 2026, up to and including 23 August 2031.
• The same term applies to both appointees.

What this means

An Independent Director is a board member who is not part of the promoter group or the company's management, and who is expected to bring an outside view to board decisions.

Here, one appointee's background is in secretarial practice, compliance and corporate governance, and the other's is in civil engineering, project planning and execution, technical consultancy and quality assessment of construction works. Both appointments run for a fixed five-year term.

Appointments of Independent Directors are governance-related updates. The perception they can create is of a board strengthening its independent representation and adding domain expertise; the scale of the impact depends on the board's overall composition, which this update does not set out.

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