Reappointment of Dr. Shridhar Shrikrishna Rajpathak

  • Director Identification Number: 00040387
  • IDDB Registration No.: IDDB-DI-202110-039373
  • Position: Non-Executive Independent Director
  • Effective Date: November 12, 2026
  • Term: Second term of five consecutive years (until November 11, 2031)
  • Retirement Status: Not liable to retire by rotation
  • Qualifications: B.Com (Hons), P.G.D.B.M., M.B.S. (Marketing) from University of Pune, Ph.D. on "A Treatise on Utilization of Fisheries Resources for Sustainable Growth"
  • Experience: Over 47 years in accounting, finance, costing, marketing, indirect taxation, export procedures, and international tax laws
  • Current Roles: Executive Committee Member of Indian Fishnet Manufactures Association (Chennai), Chairman of 'Cordage and Fishnet Panel' of Plastic Export Promotion Council (sponsored by Ministry of Commerce, Govt. of India), Associate Professor and member of Board of Studies at Sri. Balaji University, Pune (UGC approved institute) in 'International Business'
  • Independence Status: Satisfies independence criteria under Companies Act, 2013 and SEBI LODR Regulations, 2015
  • Relationship Disclosure: Not related to any other director on the board

Reappointment of Mr. Vayu Ramesh Garware

  • Director Identification Number: 00092201
  • Position: Managing Director to be designated as "Chairman and Managing Director"
  • Effective Date: December 1, 2026
  • Term: Five years
  • Board Tenure: On the Board since December 7, 1995
  • Education: Graduate Cum Laude in B Sc Economics (Specialization in Finance) from Wharton Business School, University of Pennsylvania, U.S.A.
  • Career History: Served as Director (1995-1998), Whole-Time Director (1998-2011), and Chairman & Managing Director (since November 7, 2011)
  • Responsibilities: In-charge of overall management of the company and reports to the Board of Directors
  • Relationship Disclosure: Not related to any director except Ms. M. V. Garware

Compliance Status

Both directors are not debarred from being appointed/reappointed by virtue of any order of Ministry of Corporate Affairs (MCA), Securities Exchange Board of India (SEBI) or any other statutory authority.

Financial Impact

No financial impact quantified in the disclosure. The appointments represent governance changes without immediate capital structure or cash flow implications.