Nature of change: Appointment of Non-executive Independent Director
Name and DIN: Mr. Alok Jain (DIN: 01892711)
Effective date and tenure: Appointed with effect from 13th August 2026, to hold office for a first term of 5 consecutive years up to 12th August 2031
Profile and qualifications: Chartered Accountant with over 27 years of extensive experience in auditing, taxation, financial advisory, valuation, Banking, NBFCs and consultancy services. Has proven track record with public sector undertakings, banks, corporate and non-corporate entities across diverse sectors including power, real estate, telecom, and manufacturing. Possesses deep expertise across corporate finance, including financial planning and analysis, budgeting and forecasting, and strategic financial management. Has successfully led Statutory Audits, Compliance Audits, Internal Audits, tax Audits, KYC Audit, Inspection Audit, Corporate Governance, Investigation, Forensic Audit, NBFC Audit, Special Audits, and Bank Branch Audit.
Eligibility confirmation: Mr. Alok Jain is not debarred from holding office of Director by virtue of any order passed by SEBI or any other authority
Relationship with other directors: Not related to any of the existing or proposed Directors or Key Managerial Personnel of the Company
Key Financial or Operational Approvals
Property sale approval: Shareholders approved the sale of property of the Company
Sale consideration: As per the agreement (amount not specified)
Expected completion: The sale is expected to be completed in FY 2026-27
Buyer details: AAG Capital Holdings Private Limited. One of the relatives of Director is a Director in the related party
Transaction nature: Related party transaction executed on arm's length basis
Financial impact: The property contributed to Rs. 176 Crore standalone turnover as on 31.03.2026 (Company does not have any subsidiary)
Strategic or Business Context
Company background: Formerly known as Sanginita Chemicals Limited, CIN: L35105GJ2005PLC047292
Any Other Material Information
AGM details: 21st Annual General Meeting held on Monday, 28th September, 2026 at 03:00 P.M. (IST) through video conferencing/other audio visual means
Regulatory compliance: Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III thereto
Master circular reference: SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026
Company contact: Email: sanginitachemicals@yahoo.com, Website: www.sanginitachemicals.co.in, Mobile: +91-8796102401
