TAC Infosec Limited Board Approves New Independent Director and Appoints Secretarial Auditors
TAC Infosec Limited, formerly known as TAC Infosec Private Limited, announced key updates regarding its corporate governance structure following a Board meeting held on Thursday, May 7, 2026. During the meeting, the Board considered and approved the appointment of a new Independent Director and the appointment of secretarial auditors for the fiscal year 2025-26. Additionally, the company recorded the resignation of an Independent Director.The Board’s proceedings for the day included the approval of three major corporate actions, detailed below.
Appointment of Additional Director
The Board of Directors approved the appointment of Mr. Hector Hugo Balderas (DIN: 11699799) as an Additional Director in the category of Non-executive Independent Director. The nomination and remuneration committee recommended the appointment. Mr. Balderas will hold the office for a term of three consecutive years, commencing on May 7, 2026, and concluding on May 6, 2029, subject to approval by the shareholders at the ensuing Annual General Meeting.Key details regarding this appointment are summarized in the table below:
| Detail | Description |
|---|---|
| Director Appointed | Mr. Hector Hugo Balderas (DIN: 11699799) |
| Role | Additional Director (Non-executive Independent Director) |
| Term | Three consecutive years |
| Effective Dates | May 7, 2026, till May 6, 2029 |
| Basis | Recommendation of the Nomination and Remuneration Committee |
Resignation of Independent Director
The Board also noted the resignation of Mr. Sanjiv Swarup (DIN: 00132716) from the position of Independent Director. The resignation is effective from the close of business hours on May 7, 2026. Mr. Swarup confirmed that his departure was due to the statutory limitation on the number of companies/directorships he is permitted to hold, stating there were no other material reasons for his resignation.| Detail | Description |
|---|---|
| Director Resigning | Mr. Sanjiv Swarup (DIN: 00132716) |
| Role | Independent Director |
| Effective Date | May 7, 2026 |
| Reason | Statutory limitation on directorships |
Appointment of Secretarial Auditor
On the recommendation of the Audit Committee, the Board considered and approved the appointment of M/s Chandrasekaran Associates, Company Secretaries (Firm Registration Number: P1988DE00250). The firm has been appointed as the Secretarial Auditors of the Company for the Financial Year 2025-26.| Detail | Description |
|---|---|
| Firm Appointed | M/s Chandrasekaran Associates |
| Firm Registration Number | P1988DE00250 |
| Role | Secretarial Auditor |
| Period | Financial Year 2025-26 |
| Basis | Recommendation of the Audit Committee |
The meeting commenced at 09:20 and concluded at 09:50.
TAC Stock Price Movement
As of 10:14 AM, shares of TAC Infosec Limited are slipping by ₹4.45, shedding 0.87% in live trading and resting at ₹505. The stock has seen notable activity today, with the exchange recording a total traded volume of 9,400 shares.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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