Board Meeting Details
The Board of Directors meeting was held on Wednesday, 21st October, 2026. The meeting commenced at 03:00 PM and concluded at 03:30 PM.
Management Changes Approved
1. Resignation of Managing Director
The Board considered and took on record the resignation of Mr. Prashant Sudhir Khairnar (DIN: 11434708) from the position of Managing Director of the Company, effective from 21st October, 2026.
Reason for resignation: Change in professional commitments
Directorship status: The resignation is limited to the position of Managing Director only. Mr. Khairnar shall continue as a Director of the Company, unless otherwise separately determined.
2. Appointment of New Managing Director
The Board approved the appointment of Mr. Gaurang Shah (DIN: 05164763) as Additional Director (Managing Director) of the Company, effective from 21st October, 2026.
Term of appointment: 5 years
Approval requirements: Subject to approval of shareholders and such other approvals as may be required under applicable laws
Professional background: Mr. Gaurang Shah is a qualified Company Secretary with approximately 15 years of experience in corporate governance, corporate compliance and regulatory matters. He has worked with various companies across different industry sectors and possesses experience in statutory compliance and corporate governance practices.
Director relationships: There is no relationship between the directors of the company
Debarment status: Mr. Gaurang Shah is not debarred from holding the office of Director by virtue of any SEBI or other authority order
Correspondence Details
The disclosure was submitted to BSE Limited at P.J. Towers, Dalal Street, Mumbai – 400001. The company's registered address is 236, Jai Kishan Ind Estate, Bhumi Polymers Gate, Veraval (Shaper)-360024.