Nature of the Event

Disclosure under Regulation 30(2)/(4) read with Clause 7 of Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015 regarding change in directorate through re-appointment of Chairman & Managing Director.

Key Quantitative Figures

  • Re-appointment term: 3 years
  • Effective date: 1st July 2027
  • Board meeting duration: 1:30 PM to 3:50 PM (2 hours 20 minutes)

Dates of Action

  • Board meeting date: 14th August 2026 (254th -2/2026-27 Board Meeting)
  • Proposed effective date of re-appointment: 1st July 2027
  • Ensuing Annual General Meeting for shareholder approval: 26th September 2026
  • Disclosure filing date: 14th August 2026

Parties Involved

  • Appointee: Shri Ashok Jain (DIN: 00007813)
  • Filing authority: Devendra Kumar Sahu, Company Secretary & Compliance Officer
  • Regulatory references: SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026
  • Committee involved: Nomination & Remuneration Committee

Purpose or Rationale

Re-appointment of Shri Ashok Jain as Chairman & Managing Director based on the recommendation of the Nomination & Remuneration Committee to continue leadership for another 3-year term.

Director Profile Details

  • Name: Shri Ashok Jain
  • DIN: 00007813
  • Date of Birth: 5th January 1949
  • Education: BE Mechanical
  • Experience: More than 53 years' experience in the field of company's products
  • Other Directorship: Redwood Packaging Pvt. Ltd.
  • Eligibility: Confirmed eligible under Companies Act, 2013 and SEBI (LODR) Regulation, 2015
  • Disclosure Status: Required disclosures have been received from the appointee

Familial Relationships Disclosure

Shri Ashok Jain has the following relationships with other directors:

  • Shri Kunal Jain (Executive Director) - Son
  • Mrs. Radhica Sharma (Joint Managing Director) - Daughter
  • Mrs. Monica Jain (CFO) - Daughter

Compliance Status

Shri Ashok Jain is not debarred from holding the office of Chairman & Managing Director by virtue of any SEBI order or any other such authority.

Approval Requirements

The re-appointment is subject to approval of the Members of the Company in the ensuing Annual General Meeting scheduled on 26th September 2026.