Syrma SGS Technology Limited has announced a significant leadership transition with the appointment of Mr. Jayesh Nagindas Doshi as Whole Time Director. The decision was approved during a board meeting held on March 23, 2026, marking a strategic move to strengthen the company's executive leadership structure.

Board Meeting Details and Appointment Terms

The Board of Directors convened on March 23, 2026, from 6:45 p.m. to 7:45 p.m., where they considered and approved Mr. Doshi's appointment based on the recommendation of the Nomination and Remuneration Committee. The appointment is subject to shareholder approval and will be effective from April 01, 2026.

Professional Background and Expertise

Mr. Jayesh Nagindas Doshi brings extensive experience to his new role as Whole Time Director. He is a Chartered Accountant and Law graduate from Bombay University with approximately 37 years of professional experience, having started his career in 1986. His expertise spans multiple industries including cement, shipping, offshore oil services, real estate, hospitality, pharmaceuticals, and Electronic Manufacturing & Services.

Since January 2021, Mr. Doshi has been associated with the Tandon Group, where he serves as Investment Director responsible for Organization Development, Strategy, and Capital Allocation. He has been instrumental in leading the public market initiatives of the Tandon Group and successfully managed Syrma SGS's Initial Public Offering in August 2022, which was oversubscribed 35 times and listed at a significant premium to the IPO price.

Previous Leadership Experience

Before joining the Tandon Group, Mr. Doshi served as Whole Time Director & Group CFO of Dalmia Bharat Ltd, a company with business interests in cement (3rd largest in India), sugar (5th largest in India), and refractory (2nd largest in India). In this role, he was responsible for capital allocation and overseeing finance & strategic growth functions.

His career also includes leadership positions with several prominent organizations:

• Panchshil Realty Group of Pune
• Knowledge Infrastructure Group
• DB Group
• Ican Investments
• Mercator Lines Limited
• Ambuja Cements

Strategic Rationale and Compliance

The company stated that the appointment is part of internal restructuring, considering the significant role Mr. Doshi plays in the organization. The transition from Non-Executive Director to Whole Time Director reflects the company's confidence in his leadership capabilities and strategic vision.

The appointment complies with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company has confirmed that Mr. Doshi is not debarred from holding the office of Director by virtue of any SEBI order or any other authority, ensuring full regulatory compliance.

This leadership appointment positions Syrma SGS Technology Limited to leverage Mr. Doshi's extensive experience in corporate finance, mergers and acquisitions, and strategic investments as the company continues its growth trajectory in the technology sector.

Syrma SGS Technology Limited has announced an extension of the timeline for its strategic acquisition of Ksolare Energy Private Limited. The company notified stock exchanges on February 21, 2026, regarding the revised schedule for completing the transaction.

Transaction Details

The acquisition involves a 49% equity stake in Ksolare Energy Private Limited, structured as a joint venture with Premier Energies Limited. All parties involved have mutually agreed to extend the Long-Stop Date for fulfilling conditions precedent.

Regulatory Compliance

The announcement was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations. Syrma SGS Technology has maintained transparency by providing regular updates to stakeholders through multiple disclosures since the initial announcement in October 2025.

Corporate Communication

The formal communication was signed by Bhabagrahi Pradhan, Company Secretary (Membership No. F4921), from the company's Gurgaon office. The disclosure documents have been made available on the company's official website under the investor relations section for stakeholder access.

This extension provides the parties with additional time to complete the necessary regulatory approvals and commercial arrangements required for the successful completion of the acquisition in the renewable energy sector.