Garuda Construction and Engineering Limited

Appointment of Independent Director

Date of Announcement: 21 April 2026

Key Details

• New Director: Mrs. Dhruti Harsh Satia
• Designation: Non‑Executive Independent Director
• Term: 60 months (effective 21‑Apr‑2026)
• Board Approval: Conducted on 21‑Apr‑2026, 14:30‑15:30 hrs
• Regulatory Compliance: Confirmed not debarred by SEBI or any other authority; not disqualified under Section 164 of the Companies Act, 2013.

Professional Background

• B.Com, Mumbai University
• Associate Member, Institute of Company Secretaries of India (ICSI) – 2015
• Former Company Secretary, Mercury Trade Links Ltd. (BSE listed)
• Prior experience with Essel Finance Wealth Zone Pvt. Ltd. and B.S. Sharma & Co. (Chartered Accountant firm)

Implications for Investors

• Governance Boost: An independent director with strong secretarial and compliance experience strengthens board oversight.
• Risk Management: Enhanced monitoring of regulatory and corporate governance risks.
• Investor Confidence: Signals commitment to transparency and best practices, potentially attracting institutional investors.
• No Immediate Financial Impact: The appointment does not alter the company’s capital structure, earnings, or cash flows.

Outlook

The board’s decision to bring in a seasoned independent director is a moderately positive development. While short‑term financial metrics remain unchanged, the long‑term benefits of improved governance and risk oversight could support sustainable growth.

Prepared for investors on 21‑Apr‑2026.