Ducon Infratechnologies Limited has concluded its board meeting held on March 30, 2026, announcing significant leadership changes including the appointment of Ms. Vandana Govil as Additional Director and Executive Director, alongside the resignation of Mr. Harish Shetty from his directorial position.

Board Meeting Outcomes

The board meeting, which commenced at 5:30 PM and concluded at 5:50 PM on March 30, 2026, resulted in key governance decisions. On the recommendation of the Nomination and Remuneration Committee, the Board of Directors approved the appointment of Ms. Vandana Govil (DIN: 10174110) as an Additional Director and Executive Director for a term of 3 years, subject to members' approval at the ensuing General Meeting.

New Executive Director Profile

Ms. Vandana Govil brings extensive experience to the board, with more than 25 years in marketing and business development related to industrial equipment and green technologies. She has been working as Vice President of Business Development for Ducon Technologies Inc of USA for more than 15 years. Her educational qualifications include a bachelor's degree in Geography and a master's in finance from USA.

Leadership Transition

Simultaneously, the Board took note of Mr. Harish Shetty's resignation (DIN: 07144684) from the position of Executive Director, effective from the close of business hours on March 25, 2026, due to his other professional commitments. However, he will continue to serve as the Chief Financial Officer of the company, ensuring continuity in financial leadership.

Regulatory Compliance

The company has ensured full compliance with SEBI regulations, confirming that Ms. Vandana Govil is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority. The requisite details under Regulation 30 of the SEBI Listing Regulations have been submitted to both BSE Limited and National Stock Exchange of India Limited. The official communication was signed by Arun Govil, Managing Director (DIN: 01914619), and digitally authenticated on March 30, 2026.

Ducon infratechnologies Limited has announced a significant change in its executive leadership structure with the resignation of Mr. Harish Shetty from his position as Co Executive Director. The company informed stock exchanges about this development through a formal intimation dated March 16, 2026, in compliance with regulatory requirements.

Executive Leadership Transition

Mr. Harish Shetty, holding Director Identification Number (DIN) 07144684, submitted his resignation letter on March 16, 2026, stepping down from both his Co Executive Director and Director positions. The resignation becomes effective from the close of business hours on March 25, 2026.

Continued Role as Chief Financial Officer

Despite stepping down from his directorial responsibilities, Mr. Shetty will maintain his position as Chief Financial Officer of the company. This arrangement ensures continuity in the company's financial management while allowing him to focus on his other professional commitments that necessitated his resignation from the board.

Regulatory Compliance and Disclosure

The company has fulfilled all regulatory disclosure requirements under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was sent to both BSE Limited and National Stock Exchange of India Limited, ensuring complete transparency with stakeholders.

Ducon Infratechnologies confirmed that Mr. Shetty provided assurance that there are no other material reasons for his resignation beyond those mentioned in his formal resignation letter. This confirmation addresses regulatory requirements for complete disclosure of circumstances surrounding key managerial personnel changes.

Company Communication

The resignation letter and related documentation were signed by Managing Director Arun Govil (DIN: 01914619) and submitted to the stock exchanges as required. The company has requested the exchanges to take the resignation on record, completing the formal notification process for this executive transition.