Key Event

Members of the Company at the Annual General Meeting (AGM) held on Friday, September 18, 2026, approved the following directorial appointments/re-appointments:

Director Appointments/Re-appointments

Mr. Nitin Shyam Rajore (DIN: 01802633)

  • Re-appointed as Whole-Time Director
  • Term: Five (5) years
  • Effective from: December 01, 2026
  • Profile: Holds B.Sc (Chemistry) Hons with over 45 years of experience in manufacturing sector. Has held leadership positions across plastics processing, injection moulding, and forging industries, including managing Papilon Industry Ltd. (Nigeria) and serving as Whole-Time Director of the Company since 2016.
  • Relationship: Not related to any Directors or Key Managerial Personnel (KMP) of the Company
  • Debarment Status: Not debarred from holding office of Director by virtue of any SEBI order or other authority

Mr. Ravi Kapoor (DIN: 07291227)

  • Appointed as Non-Executive Independent Director
  • Term: First term of five (5) consecutive years
  • Effective from: December 01, 2026 to November 30, 2031
  • Profile: Seasoned corporate executive with over 36 years of experience in finance, commercial management and strategic leadership. Holds Bachelor's Degree in Metallurgical Engineering from IIT Bombay and Master's Degree in Management Studies (Finance) from JBIMS, Mumbai. Has held senior leadership positions including Chief Financial Officer and Director in reputed manufacturing organisations with expertise in corporate governance, financial management, business strategy, risk management and regulatory compliance.
  • Relationship: Not related to any Director of the Company
  • Debarment Status: Not debarred from holding office of Director by virtue of any SEBI order or other authority

Ms. Vijeta Subhash Kulkarni (DIN: 11841890)

  • Appointed as Non-Executive Independent Director
  • Term: First term of five (5) consecutive years
  • Effective from: December 01, 2026 to November 30, 2031
  • Profile: Human Resources and Corporate Governance professional with over 21 years of experience across healthcare, manufacturing, automotive and BFSI sectors. Holds Master's Degree in Personnel Management from Savitribai Phule Pune University and Bachelor's Degree in Commerce. Expertise in human capital strategy, organisational development, leadership succession, performance management, corporate governance, ESG and Nomination & Remuneration Committee matters.
  • Relationship: Not related to any Director of the Company
  • Debarment Status: Not debarred from holding office of Director by virtue of any SEBI order or other authority

Financial Impact

No financial impact quantified in the disclosure.

Corporate Structure Impact

Changes to board composition with addition of two independent directors and continuation of one whole-time director.