Signpost India has announced the completion of the second term of its Independent Director, Ms. Sayantika Mitra, effective from the close of business hours on August 8, 2026. The departure marks the end of her tenure on the Board and her associated roles in key statutory committees, including the Chairperson of the Nomination & Remuneration Committee and Member of the Audit Committee.

The company disclosed the change in directorship in an intimation filed with the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on August 10, 2026. The filing was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ms. Mitra, identified by DIN 07581363, served her full term without any premature resignation or removal, as confirmed in the regulatory disclosures.

Regulatory Disclosures

The intimation was signed by Kinjal Mistry, Company Secretary & Compliance Officer of Signpost India Limited. The company also uploaded the details on its official website, www.signpostindia.com , ensuring transparency for investors and stakeholders. The disclosure aligns with the requirements set forth in the SEBI Master Circular bearing reference no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Impact on Corporate Governance

The cessation of Ms. Mitra’s tenure necessitates a review of the composition of the Board’s committees. As she held the position of Chairperson of the Nomination & Remuneration Committee, the Board will need to appoint a new chairperson for this committee to ensure continued compliance with corporate governance norms. Similarly, her role as a Member of the Audit Committee will require replacement to maintain the requisite independent oversight.

The filing did not disclose immediate plans for her replacement, but standard practice under the SEBI Listing Regulations requires that vacancies in the Board and its committees be filled at the earliest general meeting or through appropriate interim measures if required by law. The company’s adherence to Regulation 30 ensures that all stakeholders are informed promptly of changes in the boardroom structure.

Signpost India Limited shareholders approved the re-appointment of Girish Kulkarni and Prashant Sanghavi as Independent Directors at an Extraordinary General Meeting (EGM) held on August 05, 2026. The resolutions, which secure a second five-year term for both directors effective August 06, 2026, passed with overwhelming support from investors. This outcome ensures continuity in the company’s governance structure and independent oversight, with promoter group voting accounting for the majority of shares polled.

The EGM was conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM), commencing at 11:00 a.m. (IST). The meeting adhered to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013. Hitesh J. Gupta, a practicing Company Secretary, served as the Scrutinizer for the voting process. The Consolidated Scrutinizer’s Report, dated August 06, 2026, confirmed that all resolutions were passed with the requisite majority.

Voting Results Overview

A total of 29,340,305 votes were polled out of 53,450,000 equity shares held on the record date of July 29, 2026, representing a participation rate of approximately 54.89%. The promoter group held 32,273,698 shares and voted in favor of both resolutions without dissent. Public non-institutional investors also showed strong support, while public institutions exhibited mixed voting patterns.

Breakdown by Shareholder Category

The voting data reveals distinct patterns across shareholder categories. The Promoter and Promoter Group held 32,273,698 shares and cast 27,969,561 votes, all in favor of both resolutions. Public Non-Institutional shareholders, holding 20,726,767 shares, polled 1,325,586 votes, with over 99.96% supporting Kulkarni and 99.96% supporting Sanghavi.

Public Institutions, holding 449,535 shares, polled 45,158 votes. For Mr. Kulkarni’s re-appointment, 83.16% of these votes were in favor. For Mr. Sanghavi’s re-appointment, support from this category was lower at 66.51%, with 33.49% voting against. Despite this dissent from institutional investors, the overall margin remained decisive due to strong backing from promoters and retail investors.

Governance Implications

Mr. Girish Kulkarni, who serves as the Chairman of the Board, was interested in one of the businesses transacted at the EGM. Consequently, he requested Ms. Sayantika Mitra, Independent Director and Chairman of the Nomination & Remuneration Committee, to chair the meeting. The proposal was moved by Mr. Shripad Ashtekar, Managing Director, and seconded by Mr. Rajesh Awasthi, Executive Director.

The re-appointment terms begin on August 06, 2026, for a period of five consecutive years. This decision reinforces the stability of Signpost India’s leadership team. The electronic voting records and Scrutinizer’s report are hosted on the company’s website and the National Securities Depository Limited (NSDL) portal for transparency.