Event: Shareholder approval of director appointments at the 32nd AGM
AGM Date: September 23, 2026
Regulatory Reference: SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Compliance: All appointed directors confirmed not debarred or disqualified by SEBI or any relevant authority
Director Appointment Details
1. Anuj Choksey Appointment
Name: Mr. Anuj Choksey [DIN: 10417326]
Position: Non-Executive Independent Director
Appointment Date: August 14, 2026
Term: 3 consecutive years (until August 13, 2029)
Retirement Status: Not liable to retire by rotation
Profile: Distinguished capital markets professional with over 45 years of experience in institutional equities, securities markets, corporate finance, wealth management and strategic business advisory. Previously held senior leadership positions at KR Choksey Shares & Securities Pvt. Ltd. (Senior Vice President & Head – Institutional Broking for nearly two decades) and Adani Group (capital market operations, institutional investor relations, banking partnerships and corporate finance initiatives). Founder & Managing Director of Chatturbhuj Enterprise and Partner at R. D. Choksey & Co. Expertise includes corporate governance, strategy, risk management, regulatory compliance, stakeholder engagement, investor relations and business development.
Relationships: Not related to any existing directors of the company
Current Role: Vice President at Emmbi Industries Limited (since 2024), leading the Company's Avana business unit and international sales
Background: Founder of Avana, grew it from a start-up into one of India's leading agri-input distribution platforms operating across six states through a network of over 800 channel partners serving more than 20,000 customers. Instrumental in expanding business through product innovation, channel development and customer-centric initiatives.
Education: Bachelor of Science in Industrial Engineering from Georgia Institute of Technology, Master of Arts from The Lauder Institute, University of Pennsylvania, and MBA from The Wharton School.
Relationships: Daughter of Mr. Makrand Appalwar (Chairman and Managing Director) and Mrs. Rinku Appalwar (Executive Director & CFO) of the Company
3. Yash Ravi Punjabi Appointment
Name: Mr. Yash Ravi Punjabi [DIN: 11228629]
Position: Executive Director
Appointment Date: August 14, 2026
Retirement Status: Liable to retire by rotation
Current Role: Vice President at Emmbi Industries Limited (since 2024), responsible for Information Technology and growing Emmbi's international business. Also serves as Managing Director of Zastian Europe GmbH, Emmbi's German subsidiary.
Background: Previously Chief Operating Officer of Avana (Company's agri products division), where he scaled nationwide operations, launched new product lines and implemented enterprise-wide systems. Began career as Software Engineer and Team Lead at Microsoft.
Education: Bachelor of Science in Computer Science from Georgia Institute of Technology and MBA in Finance and Operations from The Wharton School.
Relationships: Spouse of Ms. Maithili M. Appalwar (member of the Promoter Group and daughter of Mr. Makrand Appalwar and Mrs. Rinku Appalwar)
