Container Corporation of India Ltd (CONCOR) has informed the stock exchanges about changes in its Board composition following the completion of tenure for two Independent Directors.

Director Tenure Completion

The company announced that two non-official Independent Directors have ceased to hold office effective April 14, 2026. The directors who completed their tenure are:

The completion of tenure was in accordance with the appointment order issued by the Ministry of Railways, Government of India. Both directors ceased to hold their positions as Directors of CONCOR with effect from April 14, 2026.

Updated Board Composition

Following these changes, CONCOR's Board of Directors now comprises eight members. The current Board structure includes:

Executive Leadership

• Chairman and Managing Director: Shri Sanjay Swarup
• Director (Projects & Services): Shri Ajit Kumar Panda
• Director (International Marketing & Operations): Shri Vijoy Kumar Singh
• Director (Domestic Division) (Additional Charge): Shri Harbrinder Singh Bajwa
• Director (Finance) (Additional Charge): Ms. Pallavi Joshi

Government and Non-Official Directors

• Part Time Government Directors: Shri Rakesh Kumar Rousan and Shri Rahul Agarwal
• Part Time Non-Official Director: Smt. Namita Devi

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements. CONCOR communicated this information to both the Bombay Stock Exchange Ltd. and the National Stock Exchange of India Ltd. through their respective listing platforms.

The company has provided an updated list of Board of Directors to the exchanges for their information and records, ensuring transparency in corporate governance matters.

Container Corporation of India has officially appointed Ms. Pallavi Joshi as Director (Finance) with additional charge, effective April 9, 2026. The Navratna Central Public Sector Enterprise confirmed the Board appointment following the Ministry of Railways' earlier decision communicated through order no. 2017/E(O)II/40/31 dated April 8, 2026.

Board Appointment Confirmation

The CONCOR Board of Directors, in its meeting held on April 10, 2026, formally appointed Ms. Pallavi Joshi (DIN: 08117196) as Director (Finance) with additional charge. The appointment follows regulatory compliance under the Companies Act 2013 and SEBI regulations.

Professional Background and Qualifications

Ms. Pallavi Joshi brings over two decades of distinguished experience in financial management within Indian Railways as a 2004 batch officer of the Indian Railway Accounts Service (IRAS). She currently serves as Executive Director (Finance – Commercial & PPP) in the Ministry of Railways.

Her academic credentials include being a gold medalist in B.A., Junior Research Fellowship (JRF) scholar, and holding a PGDM (Executive) with specialization in Financial Management. Throughout her career, she has been recognized with prestigious awards including the FA&CAO Award, General Manager Award, and the National Rail Award in 2020.

Key Career Achievements

Ms. Joshi has held several strategic positions across Indian Railways, including Assistant Divisional Financial Manager in Mumbai Division of Central Railway, Divisional Finance Manager in Prayagraj Division of North Central Railway, and General Manager (Finance) at Dedicated Freight Corridor Corporation of India Limited (DFCCIL).

At DFCCIL, she played a pivotal role in steering India's first infrastructure financing through External Commercial Borrowing (ECB), backed by the Multilateral Investment Guarantee Agency (MIGA), and refinancing of World Bank loans. She has spearheaded digitization of payment systems and contributed to freight incentive scheme formulation.

Regulatory Compliance and Board Structure

The appointment was communicated to both BSE and NSE pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Container Corporation of India confirmed that Ms. Joshi is not debarred from holding directorship by any SEBI order or authority and has no relationship with other Directors.

The updated Board of Directors now includes 10 members, comprising executive directors, part-time government directors, and part-time non-official directors, with Ms. Joshi joining as the Director (Finance) with additional charge alongside her Railway Board responsibilities.