Nature of the Disclosure
The disclosure concerns the appointment of an Additional Director to be designated as a Non-Executive Independent Director, as approved by the Board of Directors.
Key Details of the Appointment
The Board of Directors, at their meeting held on 25.05.2026, based on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Dr. Balu Paulose Maliakel (DIN: 00231698) as an Additional Director.
- Effective Date as Additional Director: 25.05.2026
- Designation: Non-Executive Independent Director (effective from the date of the ensuing Annual General Meeting)
- Term: Five (5) years from the date of the ensuing AGM
- Condition: Subject to the approval of the shareholders of the Company
Director Profile
Dr. Balu Paulose Maliakel is a seasoned scientist and industry leader with over 30 years of experience in natural ingredients, nutraceuticals, and herbal extract research.
- Previous Role: Managing Director & CEO of Akay Natural Ingredients Pvt. Ltd., where he played a key role in driving the company's growth in natural food colours and nutraceuticals.
- Current Role: Non-Executive Director at Akay Natural Ingredients Pvt. Ltd.
- Previous Experience: Held senior R&D and technical leadership roles at AVT Natural Products Ltd., Akay Flavours & Aromatics Pvt. Ltd., and Kancor Flavours & Extracts.
- International Research: Gained experience as a Post-Doctoral Research Associate at the Universities of Vienna and Zurich.
Compliance and Relationship Disclosures
- Dr. Maliakel is not related to any Director, Key Managerial Personnel, or Promoters of the Company.
- He is not debarred from accessing the capital markets nor restrained from holding the position of Director in any listed company by virtue of any Order of SEBI or any other authority.
Meeting Details
The Board meeting commenced at 10:30 A.M. and concluded at 12:00 Noon on 25.05.2026.