crizac has executed a significant restructuring of its Board of Directors, appointing Christopher Flood Nagle as Additional Non-Executive Director and Chairperson effective August 3 and August 4, 2026, respectively. Concurrently, Dr. Vikash Agarwal has relinquished the position of Chairperson to devote greater attention to his role as Managing Director, and Ms. Pinky Agarwal has resigned from the Board due to other professional commitments. These changes centralize governance under Nagle, who recently stepped down as CEO of the UK subsidiary, while maintaining operational continuity through Agarwal’s continued executive leadership.

The appointments and resignations were approved by the Board at its meeting held on August 3, 2026, pursuant to the recommendation of the Nomination & Remuneration Committee. The disclosures were made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III and SEBI Master Circular no. HO/49/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Nagle’s transition marks a shift from operational management in the UK entity to strategic oversight at the Indian holding company level.

Dr. Vikash Agarwal ceased to hold the office of Chairperson at the close of business hours on August 3, 2026. He will continue to serve as the Managing Director of Crizac Limited, focusing on strategic management and executive responsibilities. His departure from the chairmanship is not a cessation of directorship but a realignment of roles to enhance operational efficiency. Similarly, Ms. Pinky Agarwal, a Non-Executive Non-Independent Director, tendered her resignation effective August 3, 2026. She confirmed there are no material reasons for her resignation other than pre-occupancies and professional commitments. Consequently, she also ceases to be a member of the Nomination & Remuneration Committee and the Risk Management Committee.

In addition to these changes, the Board has approved the re-appointment of two Independent Directors for a second term of three years, subject to shareholder approval at the ensuing 15th Annual General Meeting scheduled for September 11, 2026. Mr. Anuj Saraswat will serve from February 14, 2027, to February 13, 2030, while Ms. Payal Bafna’s term will run from March 21, 2027, to March 20, 2030. Both directors are not liable to retire by rotation.

Governance Restructuring

The Board has also reconstituted its key committees following the exit of Ms. Pinky Agarwal. The Nomination & Remuneration Committee now comprises Mr. Rakesh Kumar Agrawal (Chairman), Mr. Christopher Flood Nagle (Member), and Mr. Anuj Saraswat (Member). The Risk Management Committee has been reshuffled with Mr. Manish Agarwal assuming the role of Chairman, alongside members Mr. Vikash Agarwal and Mr. Anuj Saraswat. These adjustments ensure compliance with Section 178 of the Companies Act, 2013, and Regulations 19 and 21 of the SEBI LODR Regulations, maintaining robust oversight mechanisms during the leadership transition.

Crizac Crizac Limited has appointed Rituparno Sarkar as Chief Technology Officer, Nikhil Jain as Chief Product and Marketing Officer, and Dishant Kharbanda as Chief Innovation Officer, effective August 3, 2026. The Board of Directors approved these changes during its meeting on August 3, 2026, alongside a revision in the company’s internal reporting structure that reclassifies certain senior executives out of the Senior Management Personnel (SMP) category.

The appointments are disclosed pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also notes that Sibendu Roy ceases to hold the position of Chief Technology Officer and Salaria Zaheer ceases to hold the position of Chief Marketing Officer, both with effect from August 2, 2026. Additionally, Anindita Das continues as Chief Business Officer but is no longer classified as an SMP due to the revised reporting hierarchy.

New Appointments

The company has designated three new leaders to its Senior Management Personnel roster:

Restructuring of Senior Management Roles

The filing confirms that there is no cessation of employment for the outgoing SMPs. Sibendu Roy and Salaria Zaheer will continue to be associated with Crizac Limited as employees in different capacities. Similarly, Anindita Das retains her position as Chief Business Officer. However, pursuant to the revision in the company’s internal reporting structure, the role of Chief Business Officer no longer falls within the definition of "Senior Management" under Regulation 16(1)(d) of the SEBI LODR Regulations. Consequently, Das ceased to be recognized as an SMP from the close of business hours on August 2, 2026.

The details of these changes were submitted to the National Stock Exchange of India Ltd and BSE Limited on August 3, 2026, in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.