Appointment of Mr. Anuj Choksey as Non-Executive Independent Director
Nature of change: Appointment approved by shareholders at 32nd AGM held on September 23, 2026
Name and DIN: Mr. Anuj Choksey [DIN: 10417326]
Effective date and tenure: Appointment effective from August 14, 2026 for a term of 3 consecutive years until August 13, 2029
Profile and qualifications: Distinguished capital markets professional with over 45 years of experience in institutional equities, securities markets, corporate finance, wealth management and strategic business advisory. 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 in corporate governance, strategy, risk management, regulatory compliance, stakeholder engagement, investor relations and business development.
Eligibility confirmation: Not debarred or disqualified from holding director office by virtue of any SEBI Order or relevant authority
Relationship with other directors: Not related to any of the Directors of the Company
Appointment of Ms. Maithili Makrand Appalwar as Executive Director
Nature of change: Appointment approved by shareholders at 32nd AGM held on September 23, 2026
Name and DIN: Ms. Maithili Makrand Appalwar [DIN: 08501502]
Effective date and tenure: Appointment effective from August 14, 2026, liable to retire by rotation
Profile and qualifications: Entrepreneur and business leader, Vice President at Emmbi Industries Limited (since 2024), leads the Company's Avana business unit and drives growth of international sales. Founder of Avana, grew it from start-up into one of India's leading agri-input distribution platforms operating across six states through network of over 800 channel partners serving more than 20,000 customers. Leadership instrumental in expanding business through product innovation, channel development and customer-centric initiatives. Educational qualifications: 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.
Eligibility confirmation: Not debarred or disqualified from holding director office by virtue of any SEBI Order or relevant authority
Relationship with other directors: Daughter of Mr. Makrand Appalwar (Chairman and Managing Director) and Mrs. Rinku Appalwar (Executive Director & CFO) of the Company
Appointment of Mr. Yash Ravi Punjabi as Executive Director
Nature of change: Appointment approved by shareholders at 32nd AGM held on September 23, 2026
Name and DIN: Mr. Yash Ravi Punjabi [DIN: 11228629]
Effective date and tenure: Appointment effective from August 14, 2026, liable to retire by rotation
Profile and qualifications: Vice President at Emmbi Industries Limited (since 2024), responsible for Information Technology and growing Emmbi's international business. Managing Director of Zastian Europe GmbH (Emmbi's German subsidiary). Previously Chief Operating Officer of Avana (Company's agri products division), scaled nationwide operations, launched new product lines and implemented enterprise-wide systems. Former Software Engineer and Team Lead at Microsoft. Educational qualifications: Bachelor of Science in Computer Science from Georgia Institute of Technology and MBA in Finance and Operations from The Wharton School.
Eligibility confirmation: Not debarred or disqualified from holding director office by virtue of any SEBI Order or relevant authority
Relationship with other directors: Spouse of Ms. Maithili M. Appalwar (member of Promoter Group and daughter of Mr. Makrand Appalwar and Mrs. Rinku Appalwar)
