Artson Limited appointed Sukumar Hebbar, Managing Director & Chief Executive Officer of Tata Projects Limited, as Additional Director (Non-Executive) and Chairman of the Board with effect from October 12, 2026. The appointment is subject to approval by members at the ensuing General Meeting.

The Board also approved the appointment of Priti Patel, Chief Business Transformation Officer at Tata Projects Limited, as an Additional Director (Non-Executive) on the same date. Both appointments follow recommendations from the Nomination and Remuneration Committee (NRC).

Board Composition Changes

The reconstitution of the NRC reflects the new leadership structure. Ms. Priya Kher continues as Chairperson, while Mr. Hebbar replaces Ms. Subhra Gourisaria as a Member. Mr. Jyotisman Dasgupta remains a Member.

Leadership Profiles

Sukumar Hebbar brings over 36 years of experience in the engineering, procurement, and construction (EPC) sector. He has held leadership positions at Larsen & Toubro Limited across transportation infrastructure, healthcare, public spaces, airports, data centers, and international buildings. His expertise includes business transformation, operational excellence, and project execution.

Hebbar holds a bachelor's degree in architecture from Mysore University and completed the Advanced Management Program at INSEAD, France. He is not related to any other director of the company.

Priti Patel has over two decades of experience in the global infrastructure sector. She currently spearheads growth strategy development at Tata Projects Limited, focusing on new business lines, mergers and acquisitions, joint ventures, and policy advocacy. Prior to this role, she managed operational performance and strategic partnerships at a major infrastructure conglomerate.

Patel holds leadership roles in industry forums including the Construction Federation of India, NICMAR, FICCI, and ASSOCHAM. She is also not related to any other director of the company.

Strategic Alignment

The appointment of senior executives from Tata Projects Limited signals a potential alignment of strategic priorities between Artson Limited and the broader Tata ecosystem, given Artson's status as a Tata Enterprise. The inclusion of expertise in EPC, digital transformation, and business strategy aims to strengthen governance and operational oversight.

Artson Limited has submitted the voting results and scrutinizer's report for its 47th Annual General Meeting held on September 25, 2026. The company confirmed that all four resolutions proposed at the meeting were passed with the requisite majority.

The meeting, conducted via Video Conferencing and Other Audio-Visual Means, saw the adoption of audited financial statements for the fiscal year ended March 31, 2026. Shareholders also ratified related party transactions with Tata Projects Limited and approved the re-appointment of a director.

Voting outcomes and shareholder participation

The scrutinizer’s report detailed the voting patterns across promoter and public categories. Total votes polled represented 75.87% of the outstanding shares for most ordinary resolutions. For the resolution concerning related party transactions with Tata Projects Limited, promoter group voting was excluded as per regulatory norms, resulting in a lower overall participation percentage of 0.87% of total outstanding shares, though the resolution still passed comfortably among eligible voters.

Governance and procedural compliance

The proceedings were chaired by Subhra Gourisaria, Non-executive Director. Key board members present included Shashank Jha, CEO and Whole-Time Director; Jyotisman Dasgupta, Independent Director; Ashish Kulkarni, Independent Director; and Neeraj Agrawal, Non-Executive Director. Representatives from Price Waterhouse & Co Chartered Accountants LLP, the statutory auditors, and MKS & Associates, secretarial auditors, attended virtually.

VYV & Co. LLP, Company Secretaries, served as the scrutinizer to ensure fair voting processes. The company noted that due to the virtual format, physical proxy appointments were not applicable, except for authorized representatives of corporate shareholders. A total of 80 shareholders attended the meeting through Video Conferencing, comprising one from the promoter group and 79 from the public category.

Related party transaction specifics

A notable aspect of the voting was the exclusion of Tata Projects Limited from voting on Resolution 4, which sought approval for related party transactions with the same entity. Under Section 188(1) of the Companies Act, 2013, and Regulation 23 of SEBI (LODR) Regulations, 2015, interested parties are barred from voting on such matters. Consequently, only public shareholders participated in this specific vote, yet the resolution secured a 99.99% majority in favour among those who voted.