Shareholders approve Independent Director regularisation, Director re-appointment and new Statutory Auditor at AGM

Mr. Sumesh Ashok Mishra regularised as Non-Executive Independent Director, 5-year term from 05.09.2026, not liable to retire by rotation.

Thu 1 Oct 2026

Director Regularisation

Mr. Sumesh Ashok Mishra regularised as Non-Executive Independent Director, 5-year term from 05.09.2026, not liable to retire by rotation

Director Re-appointment

Ms. Chetana Ramakant Dasare re-appointed as Director (retiring by rotation), term commencing 29.09.2026

Statutory Auditor Appointment

M/s B. L. Dasharda & Associates appointed Statutory Auditor for 5 years, FY 2026-27 to 2030-31

Committee Memberships

Mr. Sumesh Mishra joins Audit, Nomination & Remuneration and Stakeholder Relationship Committees

What was approved

• Mr. Sumesh Ashok Mishra, appointed an Additional Non-Executive Independent Director with effect from September 5, 2026, has been regularised as a Non-Executive Independent Director. His term is 5 years from 05.09.2026 and he is not liable to retire by rotation.
• Ms. Chetana Ramakant Dasare, who retired by rotation, was re-appointed as a Director (Non-Executive Non-Independent), with the term commencing 29.09.2026 and liable to retire by rotation. The Nomination and Remuneration Committee recommended this.
• M/s B. L. Dasharda & Associates (Firm Registration No. 112615W) were appointed as Statutory Auditor for a term of 5 years, from the conclusion of this AGM until the conclusion of the 6th AGM, covering financial years 2026-27 to 2030-2031.

All three were approved by shareholders at the Annual General Meeting held on September 29, 2026.

Background of the appointees

• Mr. Mishra is a qualified Chartered Accountant and holds an MBA, with expertise in financial services and real estate. He holds directorships in Lighthouse Realty Solutions Private Limited, Arkade Developers Limited, Sancode Technologies Limited, Somani and Company Private Limited, and Krishna E Square LLP.
• Ms. Dasare is an MBA professional with expertise in marketing and sales, business development and customer relationship management.
• The audit firm is registered with the Institute of Chartered Accountants of India and has confirmed it meets the eligibility criteria under the Companies Act, 2013 and SEBI LODR.

Committee composition with effect from September 5, 2026

The Audit Committee, Nomination and Remuneration Committee and Stakeholder Relationship Committee each comprise Ananda Bhattacharya (Independent, Chairman), Rishabh Verdia (Non-Independent, Member) and Sumesh Mishra (Independent, Member).

What it means for investors

This is a governance and continuity update following the AGM. The company confirms that both directors have not been debarred from holding office by SEBI or any other authority. There is no change in business operations disclosed in this update.

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