Rainbow Foundations Appoints New Executive Director & CFO, Independent Director

Rainbow Foundations Ltd announced significant changes in its directorate following its Annual General Meeting held on September 30, 2026. Mr. Nitesh Jain has been appointed as Executive Director & Chief Financial Officer (ED & CFO), with his terms and remuneration approved. Additionally, Mrs. Varsha Namra Paun has been appointed as an Independent Director (Non-executive). Both appointments are subject to shareholder approval in the upcoming AGM. Mr. Jain brings an MBA and expertise in Real Estate & Property Development, while Mrs. Paun has a decade of experience in retail banking, HR, and business management, with expertise in strategic HR, brand strategy, and business operations. Mr. Jain's appointment is effective September 30, 2026, and Mrs. Paun's appointment is for a period of 5 years from the same date. The company has complied with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for these changes.