Inventurus Knowledge Solutions Limited has announced that Mr. Berjis Desai will retire as Non-Executive Chairman and Non-Independent Director at the conclusion of the 20th Annual General Meeting (AGM) on September 21, 2026. Concurrently, Mr. Clarence Carleton King II, currently an Independent Director, will be designated as the Non-Executive Chairman and Independent Director. This transition follows Mr. Desai’s appointment to a government role, requiring his substantial presence in New Delhi.
Board Leadership Changes Announced
Inventurus Knowledge Solutions Limited has disclosed significant changes in its board leadership, effective from the conclusion of its 20th Annual General Meeting (AGM) scheduled for September 21, 2026. The company announced the retirement of its Non-Executive Chairman and Non-Independent Director, Mr. Berjis Desai (DIN: 00153675).
Reason for Retirement
Mr. Desai has indicated his unwillingness to seek re-appointment due to his recent appointment as a Member of the National Commission for Minorities, Government of India. This new role necessitates his substantial time commitment in New Delhi, making his continued directorship with Inventurus Knowledge Solutions untenable. His letter expressing this decision is included as Annexure-B.
Succession Plan for Chairmanship
In light of Mr. Desai’s retirement, the Board has designated Mr. Clarence Carleton King II (DIN: 08171208), an Independent Director, to assume the role of Non-Executive Chairman and Independent Director. This appointment will also take effect from the conclusion of the upcoming 20th AGM. Mr. King brings extensive experience in the health care sector, with a career spanning over 40 years in health care financing and delivery, having managed hospitals, clinics, and managed care plans.
Board Meeting Details
These decisions were made during a Board Meeting held on August 5, 2026, which commenced at 07:15 P.M. IST and concluded at 08:44 P.M. IST. Further details regarding the disclosures required by SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, are provided in Annexure-A, Annexure-B, and Annexure-C.
Source: BSE
