The company received a letter dated July 14, 2026 from the Ministry of Corporate Affairs conveying approval for the appointment of Mr. Hitoshi Fukagawa (DIN: 10611378) as Managing Director (designated as Joint Managing Director) for a period of five years effective from May 29, 2024 to May 28, 2029.
This approval follows an update disclosed earlier via the company's letter dated November 07, 2024. The company's original application for approval had encountered a delay, for which condonation of delay was granted by the Registrar of Companies, Haryana vide adjudication order dated May 21, 2026.
The MCA granted final approval vide letter No. SRN AB0120636/2024-CL-VII dated July 14, 2026, under Section 196 read with Clause (e) of Part I of Schedule V of the Companies Act, 2013.
The disclosure confirms that the matter stands concluded with no litigation against key management personnel, promoters, or ultimate persons in control. There is no settlement of proceedings, compensation, penalty, or financial impact disclosed.
The intimation was signed by Ravinder Sharma, Company Secretary & Compliance Officer (M. No.: A72077) on July 15, 2026.