Vascon Engineers Limited at the board meeting held on March 03, 2023, approved approved the appointment of Ms. Tara Subramaniam as an Additional Director in the category of Non-Executive - Independent Women Director of the Company, not liable to retire by rotation, on the Board of Directors of the Company with effect from March 03, 2023 for a first term of 5 (five) years, i.e., upto March 02, 2028 subject To Approve the Shareholders of the Company by way of Special Resolution. Also approved the re-constitution of the following Committees of the Board of Directors, effective from March 3, 2023: Audit Committee: 1) Mr. K G Krishnamurthy, Independent Director - Chairman, 2) Mr. Mukesh Malhotra, Independent Director - Member, 3) Ms. Tara Subramaniam, Independent Director- Member and 4) Mr. Siddharth Moorthy, Managing Director - Member. Stakeholders Relationship Committee: 1) Mr. K G Krishnamurthy, Independent Director - Chairman, 2) Mr. Mukesh Malhotra, Independent Director - Member, 3) Mr. Siddharth Moorthy, Managing Director - Member and 4) Ms. Tara Subramaniam, Independent Director - Member.

Ms. Tara Subramaniam is a Maha RERA Conciliator and a member of the governing council of the National Real Estate Development Council (NAREDCO) and has also served as the Founder President of MAHI, the women's wing of NAREDCO. She is also on the Board as an Independent Director of Restaurant Brands Asia Limited, Deltatech Gaming Limited and Tips Industries Limited. She is also on the Board of JM Financial Home Loans Limited as a Non-Executive Director.

She attended a bachelor's degree course in law from the University of Bombay. She has over 39 years of work experience in banking, real estate, project financing, and business development. She was also associated with Housing Development Finance Corporation Limited, JM Financial Group, and SGE Advisors (India) Private Limited.