Pioneer Investcorp Limited has announced a board meeting outcome including the re-appointment of Mr. Gaurang Gandhi as Managing Director for a three-year term starting October 2025, subject to shareholder approval.

Mrs. K.C.

Maniar has completed her tenure as Independent Director.

New appointments include Mrs. Saraswathy Sadasivan as a Non-Executive Non-Independent Director and Mr. Raj Kumar Singh as a Non-Executive Independent Director, both pending shareholder approval.

Mr. Shailesh Dalal is set for re-appointment as an Independent Director for a second term.

Mr. Tushya Jatia is proposed for re-appointment as Director liable to retire by rotation.

The company approved the appointment of M/s Vineet Patel & Co. as Secretarial Auditor for five years, subject to shareholder consent.

Committees have been reconstituted accordingly.

Approval for issuing secured/unsecured redeemable non-convertible debentures up to Rs.300 Cr on a private placement basis was also noted.