Key Action and Dates

The Board of Directors, at its meeting held on September 04, 2026, appointed Mr. Chirag Satish Shah (DIN: 02642152) as an Additional Director in the category of Non-Executive Independent Director. The appointment is effective from September 04, 2026. The term of appointment is for 5 (five) consecutive years, expiring on September 03, 2031.

Conditions and Approvals

The appointment is subject to obtaining approval from the Members of the Company in the ensuing General Meeting or within three months from the date of appointment (September 04, 2026), whichever is earlier, as required by Regulation 17(1C) of the SEBI Listing Regulations.

Director Qualifications and Background

The appointment was based on the recommendation of the Nomination and Remuneration Committee. The Board satisfied itself that Mr. Shah possesses the requisite integrity, expertise, and experience, and meets the independence criteria prescribed under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI Listing Regulations.

Mr. Chirag Satish Shah is described as an industrialist and entrepreneur with extensive experience across multiple sectors including specialty chemicals, dyestuffs, dyestuff intermediates, basic chemicals, real estate, warehousing, and industrial infrastructure.

He provides strategic leadership and management oversight to several businesses including Indo Colchem Limited, Clairvoyance Industries Private Limited, and Mirash Industries Private Limited. He also has experience in real estate and industrial infrastructure through Titanium Logistics & Industrial Park LLP and Strategic Investors LLP, covering investment evaluation, project feasibility, location assessment, and long-term asset value creation.

His areas of expertise include financial management, capital allocation, risk assessment, project management, operational efficiency, working capital management, marketing, cost optimization, business development, exports, procurement, and manufacturing. He also actively embraces Artificial Intelligence, data analytics, and emerging technologies for market intelligence, efficiency, forecasting, operational optimization, cost optimization, investment analysis, and strategic decision-making.

Compliance Confirmations

Mr. Shah has confirmed that he is registered with the Independent Directors Databank maintained by the Indian Institute of Corporate Affairs.

In compliance with BSE Circular No. LIST/COMP/14/2018-19 dated June 20, 2018, the company confirms that Mr. Chirag Satish Shah is not debarred from holding the office of Director by virtue of any order of SEBI or any other Authority.

Relationships and Other Directorships

Mr. Chirag Satish Shah is not related to any Director of the Company. He holds no directorships in any other listed entities.

Financial Impact

No financial impact quantified in the disclosure.