Marsons appointed Rajiv Gupta as an additional independent director effective September 16, 2026. The board approved his appointment for a five-year term, subject to shareholder approval. This follows the earlier induction of Debashish Sarkar as an additional non-executive director.

Board Approval Details

The company’s board of directors considered and approved the appointment during its meeting held on September 16, 2026. The meeting commenced at 3:00 pm and concluded at 3:30 pm.

Mr. Gupta serves as a non-executive independent director. His term is not liable to retire by rotation. The appointment requires final approval from shareholders in accordance with regulatory requirements under the Companies Act, 2013, and SEBI Listing Regulations.

Profile and Experience

Mr. Gupta brings over 35 years of experience in the power and renewable energy sector. He previously served as Chief Executive Officer of NTPC Green Energy Limited and NTPC Renewable Energy Limited. In these roles, he led strategic initiatives to expand renewable energy capacity and improve operational efficiency.

He also held senior positions at NTPC Limited, including Chief General Manager and General Manager. His career includes managing large-scale infrastructure projects, contract management, and corporate strategy. Currently, he works as a consultant with Advance Corporate Advisory Private Limited, advising on energy, infrastructure, and corporate governance matters.

Regulatory Compliance

The company disclosed that Mr. Gupta satisfies the independence criteria prescribed under the Companies Act, 2013, and SEBI Listing Regulations. He is not related to any existing director of the company. Furthermore, he is not debarred from holding the office of director by any SEBI order or other authority.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A copy of the intimation is available on the company’s website.

Anupriya Consultants Pvt. Ltd. disposed of 19,28,421 equity shares in Marsons Ltd through open market transactions between August 31, 2026, and September 8, 2026.

The sale reduced the non-promoter entity’s stake from 6.93% to 5.81% of the total voting capital. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The disposal occurred across six trading days in late August and early September 2026. Anupriya Consultants held 1,19,28,421 shares before the sales began. Following the exit of 19,28,421 shares, the balance standing is 1,00,00,000 shares.

The largest single-day sale occurred on September 2, 2026, when 6,78,428 shares were offloaded, reducing the stake by 0.39%. The total equity share capital of Marsons Ltd remains unchanged at 1,72,100,000 fully paid-up equity shares of Re. 1 each.

What the Numbers Show

The systematic reduction of the stake to exactly 1,00,00,000 shares suggests a targeted portfolio rebalancing rather than a complete exit. The transaction volume was front-loaded, with nearly 35% of the total shares sold on the first day (September 1) and over 50% sold within the first three days of the window.