Key Decision

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, approved the change in designation of Mr. Rajesh Sharma (DIN: 00515486) from Executive Chairman to Non-Executive Non-Independent Chairman of the Company.

Effective Date

The change in designation takes effect from January 1, 2027.

Reason for Change

Mr. Sharma expressed to his fellow directors his desire to transition to a non-executive role.

Board Appreciation

The Board placed on record its sincere appreciation for Mr. Sharma's exemplary leadership, strategic vision and invaluable contributions toward the growth and development of the Company during his tenure as Executive Chairman.

Director Background

Mr. Rajesh Sharma joined Ion Exchange in January 1974 as a Service Engineer and brings five decades of experience in the water treatment industry. He served as Managing Director from 2000 to 2024 and subsequently took on the role of Executive Chairman. He has been instrumental in steering the Company's growth and transformation into a leading global player in total water and environmental management.

Key Achievements Mentioned

  • Driven technological innovation and strengthened strategic partnerships
  • Expanded global presence across South-East Asia, Africa, Japan, Europe, USA, and Middle East
  • Championed establishment of world-class facilities including R&D Centre at Patancheru, Telangana
  • Instrumental in establishing India's first Centre of Membrane Excellence in Goa
  • Established Ion Foundation in 2010 (Company's CSR arm)

Director Relationships

Mr. Rajesh Sharma is the brother of Mr. Dinesh Sharma, Non-Executive Non-Independent Director of the Company.

Shareholder Approval

The Company will seek shareholders' approval for the change in designation through Postal Ballot in due course, in accordance with applicable provisions.

Meeting Details

The Board meeting commenced at 02:30 p.m. and concluded at 07:15 p.m. on November 3, 2026.

Financial Impact

No financial impact disclosed in the filing.

Additional Information

The information is available on the company website at www.ionexchangeglobal.com.