In a move that underscores governance continuity, Transrail Lighting Limited’s board convened on June 29, 2026 and approved the re-appointment of two Independent Directors for a second five-year term: Ashish Gupta and Ranjit Jatar, both Non-Executive Independent Directors, with terms to commence August 10, 2026 and subject to shareholder approval through a Special Resolution. The board also approved the re-appointment of Sanjay Kumar Verma as a Non-Executive Director designated as Vice Chairman, with effect from September 27, 2026 and liable to retire by rotation, again subject to shareholder approval.
Separately, the board noted that Vinod Dasari will complete his first term as a Non-Executive Independent Director on August 9, 2026 and has decided not to seek a second term due to personal reasons, with the directors placing on record their sincere appreciation for his guidance and contributions during his tenure.
The meeting also approved the draft Postal Ballot Notice to seek shareholder approvals for the above matters, including the possible payment of commissions to non-executive directors and specifically to Mr. Sanjay Kumar Verma, the Non-Executive Director and Vice Chairman. The notices and necessary disclosures will be issued in due course.
Background details attached to the notice shed light on the profiles of the directors: Ashish Gupta is a civil engineer with an MBA and an LL.B., currently practicing as an independent techno-legal consultant and arbitrator; Ranjit Jatar is a Chartered Accountant with broad leadership experience across finance, HR, advertising, franchising and general management; Sanjay Kumar Verma is described as a first-generation technocrat entrepreneur with over two decades of cross-industry experience and a focus on growth-oriented business models; Vinod Dasari’s tenure as Independent Director is coming to a close as noted above.