Mega Corporation Limited has announced the appointment of Mr. Vikram Anand as Chief Financial Officer, effective December 31, 2025. The appointment was approved by the Board of Directors at their meeting held on December 31, 2025, following a recommendation from the Nomination and Remuneration Committee.

Board Approval and Regulatory Compliance

The Board meeting, which commenced at 3:00 PM and concluded at 3:30 PM on December 31, 2025, formally approved Mr. Anand's appointment as CFO. The company has informed BSE Limited about this key managerial personnel change in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Profile of the New CFO

Mr. Vikram Anand brings significant expertise to his new role as Chief Financial Officer. He is an Electrical Engineer by qualification and has established himself as an experienced professional in the mobility industry. His background includes being a thought leader in skill development, and he maintains current knowledge of the latest technological trends driving India's mobility sector.

Professional Experience

Mr. Anand has over four years of experience in the mobility business, positioning him well to contribute to Mega Corporation Limited's financial leadership. His technical background combined with his industry experience provides a strong foundation for his CFO responsibilities.

Corporate Governance

The appointment process followed proper corporate governance protocols, with the Nomination and Remuneration Committee recommending Mr. Anand's appointment before Board approval. The company has disclosed that there are no relationships between directors in connection with this appointment, ensuring transparency in the selection process.

The appointment strengthens Mega Corporation Limited's leadership team as the company continues its operations in the finance sector. Mr. Anand's technical background and industry experience are expected to contribute to the company's financial management and strategic direction.

Mega Corporation Limited has announced a significant leadership change with the re-designation of Mr. Vikram Anand from Non-Executive Non-Independent Director to Executive Director, effective December 31, 2025. The decision reflects the company's strategic move to strengthen its executive leadership structure.

Board Approval and Regulatory Compliance

The company's board of directors approved the re-designation at their meeting held on December 31, 2025, which commenced at 03:00 PM and concluded at 03:30 PM. The decision was made based on the recommendation of the Nomination and Remuneration Committee, which also met on the same date.

Regulatory Confirmations

In compliance with BSE Circular No. LIST/COMP/14/2018-19 dated June 20, 2018, Mega Corporation Limited has confirmed that Mr. Vikram Anand has not been debarred from holding the office of director by virtue of any SEBI order or any other regulatory authority. This confirmation was received directly from Mr. Anand as part of the appointment process.

Director Profile and Experience

Mr. Vikram Anand brings substantial expertise to his new executive role. He is an Electrical Engineer by qualification and serves as an experienced professional and thought leader in skill development. His professional approach includes staying updated with the latest technological trends driving the mobility industry in India.

Corporate Governance Framework

The re-designation has been executed in full compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all requisite details as per SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The announcement was formally communicated to BSE Limited through the company's listing department, with the scrip code 531417 and symbol MEGACOR. Mr. Kunal Lalani, Director with DIN 00002756, signed the official communication on behalf of the company.