Key Decisions and Approvals

Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors at their meeting held on August 13, 2026 approved:

  • Reappointment of Mr. Rakesh M. Kumar (DIN: 00066497) as Managing Director for another term of three consecutive years, subject to approval of the members of the Company
  • Reappointment of Mr. Satish Chander Sharma (DIN: 09654654) as an Independent Director for second term of five consecutive years, subject to approval of the members of the Company

Director Details

Mr. Rakesh M. Kumar

  • DIN: 00066497
  • Proposed Term: December 01, 2026 to November 30, 2029
  • Qualifications: B.Tech (Hons.) degree and MBA from California State University
  • Experience: Over three decades of industrial experience. Joined the company in 1994 as Executive Director and currently designated as Managing Director
  • Responsibilities: Looks after marketing, sales, technical, financial and all administrative and day-to-day affairs of the Company
  • Relationships: Related to Mrs. Ritu Joshi, Director of the Company
  • Compliance: Not debarred from holding office of Director by virtue of any SEBI or other authority order

Mr. Satish Chander Sharma

  • DIN: 09654654
  • Proposed Term: June 30, 2027 to June 29, 2032
  • Qualifications: M.Sc. (Physics) and P.G. Diploma in Applied Electronics from University of Jammu
  • Experience: Approximately thirty-five years in banking, retired as Branch Manager from Jammu & Kashmir Bank in 2015. Currently providing consultancy services in Finance, Banking and Insurance
  • Relationships: Not related to any Director of the Company
  • Compliance: Not debarred from holding office of Director by virtue of any SEBI or other authority order

Approval Status

Both reappointments are subject to approval of the members (shareholders) of the Company.