Nature of Disclosure: Regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding outcomes of Board Meeting.
Board Meeting Details: The meeting was held on July 21, 2026, commencing at 04:30 p.m. and concluding at 05:30 p.m.
Key Decisions Approved:
1. Appointment of Additional Director: The Board approved the appointment of Mr. Omprakash Mohanlal Rungta (DIN: 11807439) as an Additional Non-Executive Independent Director with effect from July 21, 2026. The appointment is for a period of 5 years commencing from July 21, 2026 to July 20, 2031, subject to approval of shareholders at the ensuing general meeting of the company.
2. Reconstitution of Nomination and Remuneration Committee: The Board approved the reconstitution of the Nomination and Remuneration Committee with effect from July 21, 2026. Mr. Omprakash Mohanlal Rungta was appointed as a Member of the Committee in place of Mr. Akshay Vinod Dhongade.
Committee Composition Post-Reconstitution:
- Ms. Sharanya Shashikant Shetty: Chairperson, Non-Executive Independent Director
- Mr. Kuntal Manoj Badiyani: Member, Non-Executive Independent Director
- Mr. Omprakash Mohanlal Rungta: Member, Non-Executive Independent Director
Director Profile Details (Mr. Omprakash Mohanlal Rungta):
- Graduated from Mumbai University in 1980 with BSC (Hons) Chemistry
- Former banker at Bank of Baroda from December 1984 to January 2020
- Retired as AGM from the nationalized bank
- Currently engaged in financial advisory and consultancy
- Holds nil shares in the company
- Not debarred from holding director office by any SEBI order or authority
- No inter-se relationships with other board members
Regulatory References: Filed pursuant to Regulation 30 of SEBI Listing Regulations read with Para A of Part A of Schedule III and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
Place of Signing: Nashik
Company Address: Office No. B 406, Third Floor, ABH Capital, OPP. Ramayan Bunglow, Sharanpur Road, Near Rajiv Gandhi Bhavan, Nashik, Maharashtra, India, 422005
Financial Impact: No direct financial impact disclosed. Governance and compliance related changes only.