Key Update

The addendum includes a new item of special business: the appointment of Mr. Karnik Shasankan Pillai (DIN: 08529650) as a Non-Executive Non-Independent Director. This addition is being made pursuant to Regulation 17(1C) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Details

The resolution for Mr. Pillai's appointment will be included in the remote e-voting facility, which commences on Friday, September 25, 2026, at 9:00 a.m. IST and ends on Sunday, September 27, 2026, at 5:00 p.m. IST. It will also be available for e-voting during the AGM itself, which is scheduled for Monday, September 28, 2026, at 11:00 a.m. IST, to be held via Video Conferencing (VC) / Other Audio Visual Means (OAVM).

Resolution Specifics

The resolution is numbered as Item No. 13 under Special Business and is proposed as an Ordinary Resolution. It seeks shareholder approval for the appointment under Sections 149, 152, 160, and other applicable provisions of the Companies Act, 2013, and related rules and regulations.

Background of the Appointment

Mr. Karnik Shasankan Pillai was initially appointed as an Additional Director in the category of Non-Executive Director by the company's Implementation and Monitoring Committee (IMC) with effect from December 03, 2025. He currently holds office pursuant to Section 161 of the Companies Act, 2013, up to the date of this AGM.

Director Details (From Annexure)

  • Name: Mr. Karnik Shasankan Pillai
  • DIN: 08529650
  • Age: 33 Years
  • Date of Birth: December 12, 1992
  • Date of Appointment on Board: December 03, 2025
  • Qualifications: Bachelor of Commerce from HL Institute of Commerce, Ahmedabad (First Class).
  • Experience/Expertise: A professional with extensive experience in Administration, Legal Compliance, Sales, Marketing, and Operations within the FMCG and Tiles industries. He has a proven track record in strategic planning, process improvement, and leading cross-functional teams.
  • Terms of Appointment: As decided mutually between the Board and the proposed director.
  • Last Drawn Remuneration: NIL
  • Shareholding in the Company: NIL
  • Board Meeting Attendance (for the year): 4 meetings
  • Other Directorships: AUDROC Limited (Formerly known as Alka India Limited)
  • Committee Memberships (at AUDROC Limited): Member of the Audit Committee and the Stakeholders' Relationship Committee.
  • Resignations from Listed Entities (past 3 years): NIL

Other Information

All other contents of the original AGM Notice and the Annual Report for FY 2025-26 remain unchanged. The explanatory statement notes that relevant documents are open for inspection by members at the corporate office on all working days until the meeting date. Except for Mr. Pillai, no other directors or key managerial personnel are concerned or interested in this resolution. The Board recommends the resolution for approval by the members.