The meeting commenced at 5:00 PM IST and concluded at 5:25 PM IST at the company's registered office.
Key Decisions:
1. Appointment of Additional Director
- The Board, on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Mr. Kaushik Kantilal Shah (DIN: 01396342) as an Additional Non-Executive Non-Independent Director effective from September 11, 2026.
- Mr. Shah is a Chartered Accountant with over 43 years of professional experience in accounting, auditing, taxation, financial management, and business advisory services.
- He is not related to any other directors of the company.
- It is confirmed that he is not debarred from holding the office of Director by any order of SEBI or other authorities.
2. Resignation of Company Secretary and CFO
- The Board noted the resignation of Mr. Ganesh S Pardeshi from the positions of Company Secretary and Chief Financial Officer.
- The resignation is effective from the close of business hours on September 11, 2026.
- The reason for resignation cited is "for better career prospects."
- A resignation letter dated September 10, 2026, was submitted to the Board.
3. Appointment of New Company Secretary and Compliance Officer
- The Board, on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Mr. Sourabh Kothari (Membership No. ACS-48994) as Company Secretary and Compliance Officer effective from September 15, 2026.
- Mr. Kothari is a Member of the Institute of Company Secretaries of India with over nine years of experience in corporate regulatory compliance, secretarial matters, governance, and corporate legal documentation.