Director Appointments

The Board approved the appointment of two new Non-Executive Independent Directors:

  • Mr. Himanshu Suryakantbhai Soni (DIN: 11780618) was appointed for a five-year term from July 08, 2026, to July 07, 2031, subject to shareholder approval. He is a seasoned finance professional with over ten years of experience in accounting, finance, budgeting, cost management, and corporate compliance. He holds a Bachelor's degree in Commerce from Gujarat University. His expertise includes financial planning and analysis, risk management, internal controls, budgeting, regulatory compliance, and strategic business planning.
  • Ms. Shital Kishorbhai Fumakiya (DIN: 11789489) was also appointed for a five-year term from July 08, 2026, to July 07, 2031, subject to shareholder approval. She is a qualified Chartered Accountant with over ten years of experience in accounting, taxation, auditing, financial management, and corporate compliance. She holds a Bachelor's degree in Commerce from Gujarat University and is the Proprietor of Shital Fumakiya & Associates. Her expertise includes GST and income tax advisory, audits, internal controls, accounting, financial reporting, and business compliance.

Both appointments were based on the recommendation of the Nomination and Remuneration Committee and pursuant to Sections 149, 150, 152, and 161 of the Companies Act, 2013, and Regulation 17 of SEBI LODR Regulations. Neither director is related to any other director or KMP, and neither is debarred from holding the office of director by SEBI or any other authority.

Director Resignations

The Board accepted the resignations of two Non-Executive Independent Directors:

  • Mr. Atul Chauhan (DIN: 00465990) resigned effective July 08, 2026, citing personal reasons and other pre-occupations. His resignation letter confirmed no other material reasons for resignation.
  • Mr. Rahul Kumar Lalwani (DIN: 10768522) resigned effective July 08, 2026, citing personal reasons and other professional commitments. His resignation letter also confirmed no other material reasons.

Neither resigning director holds any directorships or committee memberships in other listed entities.

Committee Reconstitution

Consequent to the director changes, the Board reconstituted its committees effective July 08, 2026:

  • Audit Committee: Chairman - Mr. Himanshu Suryakantbhai Soni (Non-Executive Independent Director); Members - Mr. Shibhu Maurya (Executive Director) and Mr. Ritik wagh (Non-Executive Independent Director).
  • Nomination and Remuneration Committee: Chairman - Mr. Ritik wagh (Non-Executive Independent Director); Members - Mr. Sachin Maurya (Non-Executive and Non-Independent Director) and Ms. Shital Kishorbhai Fumakiya (Non-Executive Independent Director).
  • Independent Directors Committee: Chairman - Ms. Harshaben Tolaram Bhagwani (Non-Executive Independent Director); Members - Mr. Ritik wagh (Non-Executive Independent Director), Ms. Shital Kishorbhai Fumakiya (Non-Executive Independent Director), and Mr. Himanshu Suryakantbhai Soni (Non-Executive Independent Director).