Key Decisions Approved

1. Internal Auditor Appointment: The Board approved the appointment of M/s AADIL AIBADA & ASSOCIATES, Chartered Accountants as Internal Auditors of the Company for the financial year 2026-27, based on the recommendation of the Audit Committee.

2. CFO Resignation: The Board noted and accepted the resignation of Mr. Pavan Jain as Chief Financial Officer (CFO) of the Company, effective from the close of business hours on September 22, 2026. The resignation was due to personal commitments, with no other reasons cited in the resignation letter.

3. New CFO Appointment: Mr. Samyak Alok Jain has been appointed as Chief Financial Officer under the category of Key Managerial Personnel, designated as CFO of the Company, effective from September 22, 2026, for a term of five years. The appointment was based on the recommendation and approval of both the Nomination & Remuneration Committee and Audit Committee.

Additional Details

  • Board Meeting Timing: The meeting commenced at 04:30 PM and concluded at 05:00 PM on September 22, 2026.
  • Regulatory Compliance: The disclosure is made pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing Regulations and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Annexure Details

Annexure-I (Internal Auditor Appointment):

  • M/s AADIL AIBADA & ASSOCIATES is described as an Assurance Tax, Regulatory and Business Advisory firm with expertise in audit, tax, risk advisory, consulting, and trade-related intellectual property services.
  • No relationships between directors were disclosed.

Annexure-II (CFO Cessation):

  • Confirms cessation of Mr. Pavan Jain as CFO effective close of business hours on September 22, 2026 due to personal commitments.

Annexure-III (New CFO Appointment):

  • Mr. Samyak Alok Jain is 22 years old, educated in Management and Finance, with 1 year of experience in finance.
  • He is responsible for all matters related to Accounts and finance.
  • Relationship disclosure: Mr. Samyak Jain is the son of Mr. Alok Jain, Managing Director and Chief Executive Officer of the Company.

Resignation Letter Content

Mr. Pavan Sumermal Jain formally tendered his resignation from the position of Chief Financial Officer effective from the closure of business hours on September 22, 2026, citing personal commitments as the sole reason.