Shriram Properties further strengthens the Board with the appointment of Mr. Ramesh Narain Parbat as Independent Director

Bengaluru, November 06, 2026: Shriram Properties Limited (“the Company”), one of India’s leading residential real estate developers, has announced the appointment of Mr. Ramesh Narain Parbat as Independent Director on its Board for a five-year term, subject to shareholders’ approval.

Mr. Ramesh Narain Parbat  – Independent Director

Mr. Ramesh Narain Parbat is a distinguished tax professional with over 35 years of experience in the Indian Revenue Service (IRS). He retired in October 2025 after serving as a Member of the Central Board of Direct Taxes (CBDT), the apex policy-making body for direct taxation in India. In his capacity as Member (Legislation), he spearheaded India's direct tax legislative and international taxation initiatives, including the drafting of the Income-tax Act, 2025. He also achieved the distinction of signing 174 Advance Pricing Agreements (APAs) in a single year.

During his illustrious career, he held several key leadership positions, including Member (Legislation), Director General of Income Tax (Investigation), Chief Commissioner of Income Tax and Principal Commissioner of Income Tax, among others.

His appointment is aimed at further strengthening the Company's governance framework by bringing to the Board his extensive experience and valuable insights in public administration, taxation, fiscal policy and regulatory affairs. His distinguished service in the Indian Revenue Service, particularly his tenure as a Member of the CBDT, is expected to bring valuable perspectives to the Board's deliberations on policy matters, regulatory developments, financial governance and institutional oversight, thereby contributing to the Company's strategic direction and long-term growth.

Commenting on the appointment, Mr. M. Murali, Chairman and Managing Director, said: “We are delighted to welcome Mr. Ramesh Narain Parbat to the Board. His distinguished career in the Indian Revenue Service, coupled with his extensive experience in public administration, taxation and fiscal policy, particularly his leadership as a Member of the Central Board of Direct Taxes, will bring valuable insights and perspectives to the Board. We are confident that his experience and guidance will enrich the Board's deliberations, further strengthen our governance practices and enhance strategic oversight as the Company continues to pursue its growth ambitions.”