Innovision Limited has announced significant board restructuring following its meeting on April 10, 2026, with the appointment of a new independent director and reconstitution of key board committees. The decisions were made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

New Director Appointment

The board approved the appointment of Mr. Aditya Jha (DIN: 01962674) as an Additional Director (Non-Executive-Independent) based on the recommendation of the Nomination & Remuneration Committee. His appointment is effective until the ensuing Annual General Meeting, with the board recommending his appointment as an Independent Director for shareholder approval.

Mr. Jha brings extensive experience spanning 25 years across multiple sectors including corporate, consulting, fintech, energy tech, and the Indian Army. His professional background includes senior leadership roles as Global Commercial Manager at Schneider Electric and Senior Vice President at SysArc Infomatix, where he drove global sales, commercial strategies, and market expansion. As a founder and director, he has built ventures in consulting and capacity building, with expertise in strategic leadership, business development, change management, and global commercial execution.

Board Committee Reconstitution

The company reconstituted key board committees with effect from April 10, 2026, incorporating the newly appointed director into the governance structure.

Audit Committee Composition

Nomination and Remuneration Committee Composition

Regulatory Compliance and Meeting Details

The board meeting commenced at 07:48 P.M. IST and concluded at 08:03 P.M. IST on April 10, 2026. The company confirmed that Mr. Jha is neither interested nor related to any other director and satisfies the independence criteria prescribed under the Companies Act, 2013 and the Listing Regulations. Additionally, he is not debarred from holding the office of Director by virtue of any SEBI order or other authority.

The notification was submitted to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI LODR Regulations. Company Secretary & Compliance Officer Jyoti Sachdeva (M. No-A22176) signed the regulatory filing.

The appointments and committee reconstitution demonstrate Innovision Limited's commitment to strengthening its corporate governance framework with experienced independent directors while ensuring compliance with regulatory requirements.

Innovision Limited has announced securing a major toll collection contract from the National Highways Authority of India (NHAI) worth ₹99,35,29,635/- for the Vanagaram fee plaza operations. The contract was awarded through competitive bidding via e-tender process and digitally signed on April 6, 2026.

Contract Details and Scope

The comprehensive service agreement covers toll collection operations for the Vanagaram fee plaza located at km 16.500 of the Chennai Bypass Phase-I section. The project spans from km 0.000 to km 19.170, taking off at km 29.151 of NH-45 and merging at km 13.800 of NH-4 in Tamil Nadu.

Service Responsibilities

Under this engagement, Innovision Limited will serve as the user fee collection agency with multiple operational responsibilities. The company will manage toll collection operations at the Vanagaram fee plaza while ensuring facility maintenance of adjacent toilet blocks. Additionally, the contract includes resource management responsibilities for recouping and replenishment of consumable items, along with full service management coverage for the designated highway section.

Regulatory Compliance

The company has fulfilled all disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The contract represents a domestic business engagement with no related party transactions or promoter group interests involved.

This significant contract win strengthens Innovision Limited's position in the highway infrastructure services sector and demonstrates the company's capability in securing major government projects through competitive bidding processes.