Oberoi Realty Limited, a prominent player in the Indian real estate sector, has announced significant additions to its senior management team, strengthening its leadership in construction and internal processes.

New COO-Construction Brings Decades of Experience

Mr. Shrikanth Kamblii has been appointed as the Chief Operating Officer (COO) for Construction, effective September 3, 2025. With over three decades of experience in real estate and infrastructure, Kamblii brings a wealth of knowledge to Oberoi Realty. His expertise spans large-scale township, commercial, and hospitality projects, with a focus on:

• Construction operations excellence
• Digital transformation
• Cost optimization
• Elevating Environmental, Health, and Safety (EHS) standards
• Sustainable construction practices
• Enhancing customer satisfaction

As a seasoned Civil Engineer, Kamblii's background includes work with reputed real estate and infrastructure organizations, positioning him well to drive Oberoi Realty's construction initiatives forward.

Strengthening Internal Processes and Control

In a parallel move, Ms. Meghna Bohra Maloo has been appointed as Assistant Vice President of Internal Process and Control, effective September 5, 2025. Maloo, a Chartered Accountant by qualification, brings two decades of experience in:

• Internal audit
• Risk management
• Governance
• Compliance
• Financial controls

Notably, Maloo is returning to Oberoi Realty, having previously been associated with the company until July 2024. Her experience also includes work with reputed consulting and advisory organizations, adding valuable perspective to her role.

Contractual Nature of Appointments

Both appointments are contractual in nature and subject to Oberoi Realty's employment policies. The company's decision to bring in these experienced professionals underscores its commitment to enhancing its operational capabilities and internal control mechanisms.

Additional Management Changes

In a separate announcement, Oberoi Realty also disclosed the resignation of Mr. Biswajit Dasgupta, General Manager - Property Management Services, effective from the close of business hours on September 8, 2025.

These strategic appointments and changes in the senior management team come as Oberoi Realty continues to position itself for growth and operational excellence in the competitive real estate market. The diverse experience and expertise of the new appointees are expected to contribute significantly to the company's future projects and internal processes.

Oberoi Realty Limited , a leading real estate developer in India, has announced two significant corporate actions aimed at strengthening its talent retention strategy and enhancing its board expertise.

New Employee Stock Option Plan

The company is seeking shareholder approval for the introduction of the 'Oberoi Realty Limited – Employee Stock Option Plan 2025' (ESOP 2025). This new equity incentive scheme proposes to offer up to 36,36,023 employee stock options, representing approximately 1% of the company's outstanding share capital on a fully diluted basis.

Key features of the ESOP 2025 include:

• Eligibility: Employees of Oberoi Realty and its group companies, including subsidiaries and associates
• Vesting Period: 1-7 years
• Exercise Period: Maximum of 4 years from the vesting date
• Exercise Price: Up to 20% discount to the market price of shares

The company states that this plan aims to foster a high-performance culture, retain key talent, and align employee interests with long-term shareholder value creation.

Appointment of New Independent Director

In a move to strengthen its board, Oberoi Realty has appointed Mr. Sanjay Shah as a Non-Executive Independent Director for a five-year term from June 16, 2025, to June 15, 2030, subject to shareholder approval.

Mr. Shah brings over 32 years of experience in investment banking and capital markets to the board. He previously served as the Country Head-India & Managing Director at Morgan Stanley India from 1996 to 2023, during which time the firm's presence in India grew significantly.

Shareholder Approval Process

The company has issued a postal ballot notice seeking shareholder approval for these proposals through remote e-voting. The voting period is scheduled from July 30 to August 28, 2025, with results to be declared by August 30, 2025.

Oberoi Realty's move to introduce a new ESOP and bring in seasoned expertise to its board underscores the company's focus on talent management and corporate governance as it positions itself for future growth in the competitive real estate sector.

Investors and stakeholders will be watching closely to see how these strategic decisions impact the company's performance and market position in the coming years.