Nirlon Limited , a prominent player in the commercial real estate sector, has announced significant changes to its board composition and committee structures. The company's Nomination and Remuneration Committee (NRC) and Board of Directors have approved the appointment of Mr. Chandresh Haridas Ruparel as an additional Non-Executive Independent Director for a five-year term, effective September 26, 2025, subject to shareholder approval.

Board Appointment and Expertise

Mr. Ruparel brings a wealth of experience in corporate finance to Nirlon's board. His appointment is pending shareholder approval through a special resolution via postal ballot. Ruparel's extensive background includes:

• 22 years with Rothschild & Co. India, where he served as a director and senior advisor, leading the India business.
• Prior experience with Lazard India Ltd (3 years) and SBI Capital Markets (5 years).
• Expertise in capital raising, partnerships, acquisitions, and divestitures.

Professional Background

Chandresh Ruparel's career highlights include:

• Advising on significant transactions such as Carlyle's capital infusion into Piramal group's Pharma business.
• Facilitating partnerships like Coca-Cola's induction of Jubilant group as a partner for their India bottling business.
• Overseeing divestitures including Aadhaar Housing's sale to Blackstone.
• Managing cross-border acquisitions, including TVS Motor's purchase of Norton Motorcycles UK.

Committee Restructuring

Coinciding with Ruparel's appointment, Nirlon Limited has announced a comprehensive restructuring of its board committees, effective September 26, 2025:

1. Audit Committee: Ruparel joins as a member, alongside Mr. Rajinder Pal Singh (Chairman), Ms. Anjali Seth, and Mr. Sridhar Srinivasan (until September 28, 2025).

2. Stakeholders Relationship Committee: Ruparel becomes a member, with Ms. Anjali Seth as Chairperson.

3. Nomination and Remuneration Committee: Ruparel is added as a member, with Ms. Anjali Seth continuing as Chairperson.

4. Corporate Social Responsibility Committee: Ruparel joins as a member, with Mr. Sridhar Srinivasan as Chairman until September 28, 2025, after which Ms. Anjali Seth will assume the role of Chairperson.

5. Risk Management Committee: Ruparel becomes a member, with Mr. Rajinder Pal Singh as Chairman.

Corporate Governance Implications

The appointment of Chandresh Ruparel and the subsequent committee reshuffles underscore Nirlon Limited's commitment to robust corporate governance. By bringing in Ruparel's extensive experience in corporate finance and advisory roles, the company aims to strengthen its strategic decision-making capabilities and enhance shareholder value.

Nirlon Limited's proactive approach in restructuring its board committees aligns with best practices in corporate governance, ensuring a balanced mix of expertise across critical areas of oversight.

As the company awaits shareholder approval for Ruparel's appointment, these changes signal Nirlon's focus on maintaining strong leadership and governance structures in an evolving real estate market landscape.

Nirlon Limited has announced a significant corporate governance move, scheduling a crucial meeting to consider the appointment of a new Independent Director to its Board.

Board Meeting Details

The company has scheduled a joint meeting of its Nomination and Remuneration Committee (NRC) and Board of Directors for September 26, 2025. The primary agenda for this meeting is to consider the appointment of Mr. Chandresh Haridas Ruparel as an additional Non-Executive Independent Director.

Proposed Appointment

Mr. Chandresh Haridas Ruparel, son of Haridas Karsandas Ruparel, is being considered for the role of an additional Non-Executive Independent Director. Key details of the proposed appointment include:

Approval Process

The appointment, if approved by the NRC and Board, will be subject to shareholder approval. The company plans to seek this approval through a special resolution via postal ballot, ensuring that shareholders have a say in this important decision.

Regulatory Compliance

This announcement aligns with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating Nirlon Limited's commitment to transparency and regulatory compliance.

Company Information

Nirlon Limited, with its Corporate Identification Number (CIN) L17120MH1958PLC011045, is headquartered at Pahadi Village, off the Western Express Highway, Goregaon (East), Mumbai 400 063. The company can be contacted at +91 (022) 4028 1919 or via email at info@nirlonltd.com .

This potential addition to Nirlon's Board signifies the company's ongoing efforts to strengthen its corporate governance structure. Shareholders and market observers will be keenly watching the outcome of this meeting and the subsequent postal ballot process.