International Data Management Limited (IDML) has announced key changes to its Board of Directors in a meeting held on 29th March 2025. The changes, approved by the Board subject to shareholder approval, involve significant appointments and re-appointments that will shape the future direction of the company.

The Nomination and Remuneration Committee recommended the appointment of Mr. Vikram Shastry and Ms. Pamela Srivastava as Non-executive Independent Directors for a period of five years, effective from 31st March 2025. Mr. Shastry brings with him over 14 years of expertise in Treasury & Financial Management, having worked in various roles focused on corporate finance, liquidity planning, and risk mitigation. Ms. Srivastava, with a rich background in strategic business development and social entrepreneurship, has a career spanning over 30 years, working with organizations like Oxfam India and Vapika Trade Link.

In addition to these appointments, the Board also approved the re-appointment of Mr. Sashi Sekhar Mishra as the Manager of the Company, a role he will hold for another five years from 31st March 2025 to 30th March 2030. With almost 28 years of experience in finance and compliance, Mr. Mishra has been integral to the company's operations, particularly in areas like taxation, financial reporting, and treasury management.

However, the meeting also marked the end of the second consecutive term for Mr. P S Ravishankar and Mr. Suresh Chand Sharma, both of whom will cease to be Non-executive Independent Directors of the company from 30th March 2025. Their departure follows the completion of their two terms as mandated under the SEBI regulations.

The company also confirmed that both Mr. Shastry and Ms. Srivastava are in compliance with the SEBI regulations and are not debarred from holding the office of Director by any statutory authority, ensuring that all appointments meet the regulatory requirements.

This reshuffle is expected to bring fresh perspectives and leadership into the company's management as it navigates the challenges and opportunities in the business environment. With these changes, IDML aims to continue its growth and strategic development, ensuring sustained value creation for its stakeholders.

The meeting concluded at 3:00 P.M., and the company has filed the necessary updates with the BSE Limited as per the Listing Regulations. The complete details of the board changes are available in the enclosed Annexure-A.

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