Managing Director Meena Arvind Bhanushali resigns; Jiten Chhaganlal Chandra appointed Non-Executive Additional Director

Outcome of a board meeting held on Monday, 05 October 2026 (commenced 05:00 PM, concluded 05:15 PM).

Mon 5 Oct 2026

Board meeting date

Monday, 05 October 2026

Board meeting timing

commenced 05:00 PM, concluded 05:15 PM

MD resignation effective

closure of working hours on 05 October 2026

New director appointment effective

Non-Executive Additional Director w.e.f. 05 October 2026

DINs

Meena Arvind Bhanushali: 10816424; Jiten Chhaganlal Chandra: 07965371

Two board-level changes came out of the same meeting.

Board meeting details

• The update is titled the outcome of a board meeting held on Monday, 05 October 2026, described as held without intimation.
• It commenced at 05:00 PM and concluded at 05:15 PM.

Managing Director steps down

• Ms. Meena Arvind Bhanushali has resigned from the position of Managing Director with effect from closure of working hours on 05 October 2026.
• The Board of Directors has taken note of the resignation.

New Non-Executive Additional Director

• Mr. Jiten Chhaganlal Chandra has been appointed Non-Executive Additional Director of the Company with effect from 05 October 2026.
• The appointment is based on the recommendation of the Nomination and Remuneration Committee and is subject to the approval of regulatory/statutory authorities and the shareholders of the Company at the ensuing General Meeting.
• He has been associated with Violet Media LLP since 2018, with experience in the digital advertising and business operations domain, coordinating business activities, client relationships and supporting the overall operational functions of the organisation.
• He is not related to any Director of the board, holds directorship in NIL listed entities, and is not debarred from accessing capital markets or restrained from holding the office of director by any order of SEBI or any other such authority.

Reading the two changes together

• The exit of a Managing Director is a change in the company's executive leadership, while the addition of a Non-Executive Additional Director is a board-level addition rather than an executive role.
• The new appointment, as stated in the update, is subject to shareholder approval at the ensuing General Meeting, so the position is not yet fully in place in that sense.
• Both changes carry the same effective date of 05 October 2026.

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