TAC Infosec Appoints Hector Hugo Balderas as Additional Director; Sanjiv Swarup Steps Down
TAC Infosec Limited announced significant changes to its Board of Directors, effective May 7, 2026. The company approved the appointment of Mr. Hector Hugo Balderas as an Additional Director, while concurrently accepting the resignation of Mr. Sanjiv Swarup from his role as Independent Director.The Board of Directors meeting, held on Thursday, May 7, 2026, authorized the appointment of Mr. Hector Hugo Balderas (DIN: 11699799). Mr. Balderas is set to serve as a Non-executive Independent Director for a term of three consecutive years. His tenure will commence on May 7, 2026, and conclude on May 6, 2029, subject to approval by the shareholders at the ensuing Annual General Meeting. This appointment followed the recommendation of the Nomination and Remuneration Committee of the Board.
Director Transitions
The company confirmed a departure from its board structure with the resignation of Mr. Sanjiv Swarup (DIN: 00132716). Mr. Swarup’s resignation as an Independent Director is effective from the close of business hours on May 7, 2026. The reason cited for the departure was the statutory limitation on the number of companies and directorships he is permitted to hold. The company noted that there were no material reasons for his resignation other than those detailed.About the New Director
Mr. Hector Hugo Balderas Jr. is an accomplished professional with extensive experience in law and public service. Born on August 16, 1973, Balderas is an American lawyer and executive leader. His career includes serving as the New Mexico Attorney General (January 1, 2015 - January 1, 2023) and as New Mexico State Auditor (January 1, 2007 - January 1, 2015). During his tenure, he was involved in major investigations concerning state finances and fraud. He was also appointed President of Northern New Mexico College in January 2023.The key director changes and terms are summarized below:
| Director | Role | Status | Start Date | End Date |
|---|---|---|---|---|
| Hector Hugo Balderas (DIN: 11699799) | Additional Director (Non-executive Independent Director) | Appointed | May 7, 2026 | May 6, 2029 |
| Sanjiv Swarup (DIN: 00132716) | Independent Director | Resigned | May 7, 2026 | N/A |
TAC Infosec Limited (formerly TAC Infosec Private Limited) remains committed to its operations, following the board changes, and continues to operate as a leading entity in the technology sector.
TAC Stock Price Movement
Shares of TAC Infosec Limited are slipping by 1.85% in live trading, currently at ₹500 as of 12:05 PM. The equity shed ₹9.45 today, drawing 23,400 shares in total trading volume.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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