Non-Executive Additional Director appointed; Managing Director resigns at 05 October board meeting

Board meeting held on Monday, 05 October 2026, from 05:00 PM to 05:15 PM.

Mon 5 Oct 2026

Board Meeting Date

Monday, 05 October 2026

Board Meeting Time

05:00 PM to 05:15 PM

Director Appointed

Mr. Jiten Chhaganlal Chandra as Non-Executive Additional Director w.e.f. 05 October 2026

Managing Director Resignation

Ms. Meena Arvind Bhanushali, effective from closure of working hours on 05 October 2026

Appointment Condition

subject to approval of regulatory/statutory authorities and shareholders at the ensuing General Meeting

The board of the company met on Monday, 05 October 2026. The company's subject line describes it as an outcome without intimation of a board meeting. The meeting commenced at 05:00 PM and concluded at 05:15 PM, and two director-level changes were transacted.

Appointment of a Non-Executive Additional Director

• Mr. Jiten Chhaganlal Chandra (DIN: 07965371) has been appointed as Non-Executive Additional Director of the company with effect from 05 October 2026.
• The appointment follows the recommendation of the Nomination and Remuneration Committee.
• It is subject to the approval of regulatory/statutory authorities and of the shareholders of the company at the ensuing General Meeting.
• The update records the term of appointment as not applicable.
• He has been associated with Violet Media LLP since 2018, where he has gained experience in the digital advertising and business operations domain, including coordinating business activities, client relationships and supporting the overall operational functions of the organisation.
• He is not related to any director of the board, and holds no directorship in any listed entity.
• The update affirms that he 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.

Resignation of the Managing Director

• The board took note of the resignation of Ms. Meena Arvind Bhanushali (DIN: 10816424) from the position of Managing Director of the company.
• The resignation takes effect from the closure of working hours on Monday, 05 October 2026.
• The disclosure places this under change in directorship, with resignation as the reason for the change, and records the date of cessation as 05 October 2026.

What this means in simple terms

• An Additional Director is appointed by the board itself, and the update states that this appointment is subject to shareholder approval at the ensuing General Meeting.
• Non-Executive indicates a role that is not a whole-time executive position in the company's day-to-day management.
• The Managing Director position is being vacated at the close of working hours on 05 October 2026, the same day on which the Non-Executive Additional Director was appointed.

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