Board approves change in designation of Shilpa Singh to Managing Director; also appointed CFO

Board on 07 Oct 2026 approved changing Ms. Shilpa Singh's designation from Non-Executive Non-Independent Director to Managing Director for 5 years, and appointed her CFO, both w.e.f. 07 Oct 2026.

Wed 7 Oct 2026

MD Term

5 years from 07.10.2026 to 06.10.2031

CFO Appointment Effective Date

w.e.f. 07 October 2026

Board Meeting Date

Wednesday, 07 October 2026

Leadership change at the top

The company informed the exchanges about the outcome of a Board meeting held on Wednesday, 07 October 2026, described in the update as an "Outcome without Intimation of Board Meeting". The Board approved a change in designation of Ms. Shilpa Singh from Non-Executive Non-Independent Director to Managing Director of the Company, with effect from 07 October 2026, for a period of five consecutive years, that is from 07.10.2026 to 06.10.2031. The same Board also appointed her as Chief Financial Officer of the Company with effect from 07 October 2026.

What the Board approved

• Change in designation of Ms. Shilpa Singh (DIN: 08448114) to Managing Director, w.e.f. 07 October 2026, for five consecutive years.
• Term of appointment as Managing Director: 5 years from 07.10.2026 to 06.10.2031.
• The decision follows the recommendation of the Nomination and Remuneration Committee.
• The change in designation is subject to the approval of regulatory/statutory authorities and the shareholders of the Company at the ensuing General Meeting.
• Appointment of Ms. Shilpa Singh as Chief Financial Officer of the Company, w.e.f. 07 October 2026.
• The Board also considered the reconstitution of various committees.

About Ms. Shilpa Singh

• The update records 15+ year of overall experience in media and marketing, digital marketing.
• She is not related to any Director of the Company.
• The update records Nil directorship in listed entities.
• She is not debarred from holding the office of Directors by virtue of any SEBI order or any other such authority.
• Number of shares held: Not holding any Shares.

Points a retail investor may note

• The designation changes from Non-Executive Non-Independent Director to Managing Director.
• The Managing Director appointment is, as per the update, subject to approvals including that of shareholders at the ensuing General Meeting, where shareholders get to vote on it.
• The same person has been designated Managing Director and appointed Chief Financial Officer, both effective 07 October 2026.

Meeting details

• The Board meeting was held on Wednesday, 07 October 2026.
• The meeting commenced at 04:15 PM and concluded at 04:45 PM.

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