Key Management Changes

Resignations (Effective close of business hours on August 18, 2026):

  • Ms. Komal Bairathi resigned as Company Secretary & Compliance Officer due to personal commitments (Annexure A).
  • Mrs. Kajal Gopal Baldha resigned as Whole Time Director & Chief Financial Officer due to pre-occupation and personal commitments (Annexure D).
  • Mr. Kaushal Ameta resigned as Independent Director due to pre-occupation and personal commitments, confirming no other material reasons. He also stepped down from Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee (Annexure H).

Appointments (Effective August 19, 2026):

  • Ms. Vidushi Pagare (ACS No. 79772) appointed as Company Secretary & Compliance Officer. Profile: Qualified Company Secretary with experience in corporate secretarial, legal, and compliance functions. Holds CS (ICSI), LLB, and B.Com degrees (Annexure C).
  • Mr. Bhanu Rank appointed as Chief Financial Officer. Profile: Experienced finance professional with expertise in financial management, accounting, budgeting, financial planning, and corporate finance (Annexure F).
  • Mr. Gopalkumar Girdharbhai Ranparia (DIN: 11781947) appointed as Additional Director - Managing Director. Profile: Engineering professional with over 15 years experience in instrumentation & control, power plants, process industries, petroleum refining, and tungsten manufacturing. Holds B.E. in Instrumentation & Control. Currently serves as Director of HMH Metal Industries Limited (Annexure G).
  • Mr. Dilipkumar Gajanand Nikhare appointed as Additional Director in the category of Non-Executive Independent Director. Profile: Qualified Company Secretary and Law Graduate with over 10 years experience in corporate law, securities law, regulatory compliances. Has served as Company Secretary & Compliance Officer in various listed companies and held positions as Independent Director. Member of ICSI and completed Independent Directors' Databank registration requirements (Annexure J).

Meeting Details

The Board meeting commenced at 04:00 p.m. and concluded at 05:00 p.m. on August 18, 2026.

Confirmation Statements

All resigning officials confirmed there were no material reasons for resignation other than those stated in their resignation letters (personal commitments and pre-occupation).