Non-Executive Additional Director appointed; Managing Director resigns w.e.f. 05 Oct 2026

Outcome of a Board meeting held on 05 Oct 2026, which the company said was held without prior intimation.

Mon 5 Oct 2026

New Appointee

Mr. Jiten Chhaganlal Chandra (DIN: 07965371) appointed Non-Executive Additional Director

Appointment Effective Date

05 Oct 2026

Resigning Official

Ms. Meena Arvind Bhanushali (DIN: 10816424) resigns as Managing Director

Resignation Effective

from closure of working hours on 05 Oct 2026

Directorship in Listed Entities

NIL

The company shared the outcome of a Board meeting held on Monday, 05 October 2026, which it described as held without prior intimation. Two items of business were transacted.

Board decisions

• Mr. Jiten Chhaganlal Chandra (DIN: 07965371) was appointed as a Non-Executive Additional Director of the company with effect from 05 October 2026, based on the recommendation of the Nomination and Remuneration Committee. The appointment is subject to the approval of regulatory/statutory authorities and of the shareholders of the company at the ensuing General Meeting.
• The Board took note of the resignation of Ms. Meena Arvind Bhanushali (DIN: 10816424) from the position of Managing Director, effective from the closure of working hours on Monday, 05 October 2026.

Profile of the new director

• Mr. Chandra has been associated with Violet Media LLP since 2018, where he gained experience in the digital advertising and business operations domain. He has been actively involved in coordinating business activities, client relationships and supporting the overall operational functions of the organisation.
• He is not related to any director of the board.
• He holds NIL directorship in listed entities.
• The update affirms that he is not debarred from accessing the capital markets and is not restrained from holding the office of director by virtue of any order of SEBI or any other such authority.
• Term of appointment: N.A.

What this means for a retail reader

• A Managing Director is the executive who runs the company's day-to-day operations. The update records the cessation of Ms. Meena Arvind Bhanushali from that post with effect from the closure of working hours on 05 October 2026.
• The incoming appointee joins as a Non-Executive Additional Director, which is a board-level position rather than an executive one. Because it is an additional directorship, it is subject to shareholder approval at the ensuing General Meeting.
• Both changes carry the same effective date of 05 October 2026.
• The Board of Directors is the body that took note of the resignation and made the appointment.

The intimation was signed by Shilpa Singh, Director (DIN: 08448114).

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