REG - Ashoka India Equity - Directorate change

Ashoka India Equity Investment TrustAnnouncement

24/02/2026 14:30

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RNS Number : 2187U  Ashoka India Equity Investment Tst  24 February 2026

24 February 2026

 

LEI: 213800KX5ZS1NGAR2J89

 

Ashoka India Equity Investment Trust plc

(the "Company")

 

Directorate Changes

 

In line with its stated Director succession policy, and following a
comprehensive, independently sourced selection process, the Company is pleased
to announce the appointment of two independent non-executive directors to the
Board and its committees. Sarah MacAulay joins with immediate effect and Karen
Roydon will join with effect from 5 June 2026.

 

Sarah has over twenty years of fund management experience based in both London
and Hong Kong, managing unit trusts and institutional assets. She is currently
chairman of Schroder Asian Total Return Investment Company plc and a
non-executive director of Bellevue Healthcare Trust plc and Baillie Gifford
China Growth Trust plc. Sarah was formerly a director of Baring Asset
Management (Asia) Ltd in Hong Kong, Asian Investment Manager at Kleinwort
Benson Investment Management and Eagle Star in London.

 

Karen, a CFA Charterholder, is an experienced investment manager. She is
currently a non-executive director of Scottish Oriental Smaller Companies
Trust plc. She started her career at BlackRock and in 2006 moved to Genesis
Investment Management, a long-only Emerging Markets equities specialist.
During her seventeen years as a portfolio manager at Genesis, she focused
primarily on investing in listed businesses in Asia across the full range of
market capitalisations. Since 2020 Karen has also chaired the GenEM
Foundation, which funds sustainable, long-term income generation opportunities
for marginalised communities in developing countries.

 

Rita Dhut, who has served on the Board since the launch of the Company in July
2018, will retire from the Board on 30 June 2026.

 

As at the date of this announcement, Ms MacAulay holds 38,000 shares and Ms
Roydon holds 7,783 shares in the Company.

 

 

Andrew Watkins, Chairman of the Company, said:

"I am delighted to welcome Sarah and Karen to the Board of Ashoka India Equity
Investment Trust plc. Both have the necessary skills and experience to
complement those of existing Directors and to help drive the Board's desire to
ensure shareholders' best interests are maintained over future years.

 

I would also like to record my sincere thanks, and that of my fellow
Directors, to Rita Dhut who retires from the Board on 30 June 2026. Rita has
been with us from the very beginning in 2018 and her contribution and personal
attributes have added a great deal to all Board discussions and decisions as
the Company has grown significantly over the last eight years."

 

In accordance with the Listing Rules, no further information is required to be
disclosed pursuant to UKLR 6.4.8.

 

 

Media Enquiries:

 

Laura Cronin

Lansons

Mobile: +44 207 294 3607

Email: ashokaindiainvestmentrust@lansons.com
(mailto:ashokaindiainvestmentrust@lansons.com)

 

NSM Funds (UK) Limited (Company Secretary)

Martin Darragh/Shilla Pindoria
Email: ashoka@nsm.group (mailto:ashoka@nsm.group)

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