Key Event Details

  • Reason for Change: Appointment due to retirement by rotation at the Annual General Meeting.
  • Date of Re-appointment: 07/09/2026.
  • Director Re-appointed: Mr. Mukund Narayan Kulkarni (DIN: 00248797) as Managing Director.

Director Profile and particulars

Personal & Professional Details:

  • Name: Mr. Mukund Narayan Kulkarni
  • Residential Address: Alkund Banglow, Krishna Colony Shivaji Nagar, Jail Road, Nashik Road Nashik 422101 MH IN
  • Date of Birth: 08/08/1959
  • Age: 66 Years
  • Qualification: Diploma in Mechanical Engineering from Maharashtra State Board of Technical Education
  • Experience: Over 40 years in the field of engineering and management of the company.
  • Areas of Expertise: Engineering, product designing, management and customer relations, handling employee issues and grievances, and decision-making.
  • Date of First Appointment: 14/08/2006
  • Board Meeting Attendance: Attended 8 out of 8 board meetings held in F.Y. 2025-26.
  • Shareholding in Company: Holds 100 Equity Shares.
  • Relationship with Other Directors: Spouse of Mrs. Alka Mukund Kulkarni (Non-Executive Director of the company).

Other Directorships and Roles:

  • Director in SM Autovision Pvt Ltd and BBN Global Association.
  • No directorships in other listed entities.
  • Chairman and member of the Audit Committee of SM Auto Stamping Limited.

Remuneration:

  • Fixed at ₹54,00,000/- per annum (Rupees Fifty-Four Lakhs), inclusive of salary, perquisites, benefits, incentives, and allowances. This is the maximum permissible remuneration as specified in Section II of Part II of Schedule V to the Companies Act, 2013.

Rationale for Reappointment

The reappointment was made to fulfill the requirement of Section 152 of the Companies Act, 2013, and other applicable provisions, specifically addressing the retirement of a director by rotation. Mr. Kulkarni was reappointed considering his longest term of service.

Compliance Officer

The disclosure was signed by Vaibhav Jitendra Chotia (Company Secretary & Compliance Officer, Membership No.: A80009) on behalf of the Board of Directors.