Sagility India Limited, formerly known as Sagility India Private Limited, has announced the appointment of Mr. Jimmy Lachmandas Mahtani as a Non-Executive, Non-Independent Director on the Board of Directors of the Company. The appointment, effective February 05, 2025, was approved by the shareholders through a postal ballot that concluded on March 21, 2025, at 5:00 PM (IST). The intimation has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background of the Appointment

The Company had previously informed the stock exchanges about the appointment of Mr. Jimmy Lachmandas Mahtani as an Additional Director (Non-Executive, Non-Independent) on February 05, 2025, subject to the approval of shareholders. Following the successful conclusion of the remote e-voting of the Postal Ballot, the shareholders have now approved his regularisation as a Non-Executive, Non-Independent Director, who will be liable to retire by rotation.

Details of the Appointment as per SEBI Regulations

In accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, the company has provided the following details in Annexure A:

1. Reason for Change: The appointment of Mr. Jimmy Lachmandas Mahtani as a Non-Executive, Non-Independent Director has been regularised following shareholder approval through a postal ballot concluded on March 21, 2025.

2. Date and Term of Appointment: The appointment is effective from February 05, 2025, and Mr. Mahtani will be liable to retire by rotation.

3. Brief Profile of Mr. Jimmy Lachmandas Mahtani:

   • Professional Background: Mr. Mahtani is currently a Partner and Chairman of South & Southeast Asia, Private Capital Asia at EQT, where he has played a pivotal role in building EQT’s presence in India.

   • Role at EQT: Mr. Mahtani is a founding member of EQT’s India operations and has been instrumental in evaluating investment opportunities and expanding EQT’s business in the region.

   • Committee Memberships: He has been part of EQT’s Portfolio Performance Review Committee since January 01, 2020, and a member of the Investment Committee since January 01, 2022.

   • Sector Expertise: His expertise spans across Technology, Healthcare, and Financial Services, making him a valuable addition to the Board of Sagility India.

4. Disclosure of Relationships Between Directors:

   • Mr. Jimmy Lachmandas Mahtani is not related to any of the Directors or Key Managerial Personnel (KMP) of the Company.

5. Affirmation Regarding SEBI Compliance:

   • Mr. Mahtani is not debarred from holding the office of Director by virtue of any SEBI order or any other regulatory authority.

Shareholder Approval Through Postal Ballot

The approval for Mr. Mahtani’s appointment was obtained through remote e-voting conducted via postal ballot, which concluded on Friday, March 21, 2025, at 5:00 PM (IST). The results of the postal ballot affirmed the shareholders’ confidence in his leadership and expertise.

Compliance with SEBI Regulations

The appointment has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All required disclosures under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 have been included in Annexure A of the filing submitted to both NSE and BSE.

Impact on Sagility India’s Board Composition

With this appointment, Sagility India aims to strengthen its Board of Directors by adding Mr. Mahtani’s extensive experience in private equity and strategic investments. His inclusion is expected to contribute significantly to Sagility’s growth strategy and help enhance the company’s market position across its core sectors.

Corporate Governance and Future Outlook

Sagility India remains committed to maintaining the highest standards of corporate governance and compliance with regulatory norms. The company has reiterated that any future changes to the Board or key management will be promptly disclosed as per SEBI regulations.

Conclusion

The appointment of Mr. Jimmy Lachmandas Mahtani as a Non-Executive, Non-Independent Director marks an important step in Sagility India’s journey toward achieving its long-term growth objectives. The Board and Management of Sagility India welcome Mr. Mahtani and look forward to leveraging his insights and expertise to drive strategic growth and stakeholder value.

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