Date: 29th September, 2026

KMP / Board / Auditor Changes

Mr. Vikas Jain (DIN: 00049217)

  • Designation: Chairman & Managing Director
  • Type of change: Re-appointment
  • Effective date: 20th November 2026
  • Term: 3 years
  • Profile: Director since inception, guiding force behind strategic decisions. Holds Master's in Business Administration from Johnson & Wales University, USA. Focuses on business development, finance, overall strategic planning, client relationships, and administrative affairs.
  • Relationship: Elder brother of Mr. Piyush Jain, Joint Managing Director of the Company
  • Previous term: Appointed at 17th Annual General Meeting for three years, term expiring on 19th November 2026

Mr. Piyush Jain (DIN: 00049319)

  • Designation: Joint Managing Director
  • Type of change: Re-appointment
  • Effective date: 20th November 2026
  • Term: 3 years
  • Profile: Joined Board in 2009, involved in developing, planning, scheduling and supervising operations. Over 18+ years experience in exploration and mining sector. Holds MSc in Management & Entrepreneurship from Nottingham Trent University, UK, and BSc in Business & Management Studies from IILM, New Delhi affiliated with University of Bradford, UK.
  • Relationship: Younger brother of Mr. Vikas Jain, Chairman & Managing Director of the company
  • Previous term: Appointed at 17th Annual General Meeting for three years, term expiring on 19th November 2026

Mrs. Meenakshi Anand (DIN: 01937203)

  • Designation: Independent Director (Non-Executive)
  • Type of change: Re-appointment
  • Effective date: 14th August 2026
  • Term: 3 years
  • Profile: Serving as Independent Director since August 2023. Proprietor and Principal Consultant of Career Experts, a 19+ years HR firm specializing in talent placement, sales and soft skills training, staffing, and HR strategy. Holds B.Tech in Chemical Engineering from Osmania University and PGDBM in Marketing.
  • Relationship: No relationships with other directors
  • Previous term: Appointed at 17th Annual General Meeting for three years, term expired on 13th August 2026

Mrs. Shivi Sabharwal (DIN: 08792827)

  • Designation: Independent Director (Non-Executive)
  • Type of change: Re-appointment
  • Effective date: 14th August 2026
  • Term: 3 years
  • Profile: Serving as Independent Director since August 2023. Managing Director at Wellness Mandala Pvt. Ltd. (WelM), organization focused on promoting mental well-being. Over 20+ years experience across music, media, fashion, and human resources industries. Holds Postgraduate degree in Marketing from Lancaster University, UK.
  • Relationship: No relationships with other directors
  • Previous term: Appointed at 17th Annual General Meeting for three years, term expiring on 13th August 2026

Mr. Rajendra Prasad Ritolia (DIN: 00119488)

  • Designation: Non-Executive Director (Non-Independent)
  • Type of change: Re-appointment
  • Effective date: 12th August 2027
  • Term: 3 years
  • Profile: Veteran mining professional, honored with D.D. Thacker Gold Medal and Indira Gandhi Memorial Award (2007). Holds Postgraduate degree in Mining from Leoben, Austria (UNO scholarship) and PG Diploma in Management from AIMA. Previously served as CMD of Central Coalfields Ltd and as Advisor (Coal) to Managing Director of Tata Steel Ltd.
  • Relationship: No relationships with other directors
  • Previous term: Appointed at 18th Annual General Meeting for three years, term expiring on 11th August 2027

Board Meeting Outcomes

The re-appointments were initially approved by the Board of Directors at its meeting held on Monday, July 20, 2026, on the recommendation of the Nomination and Remuneration Committee, subject to shareholder approval.

Shareholder Approval

The re-appointments were duly approved by shareholders by way of Special Resolution at the 20th Annual General Meeting held on Monday, September 28, 2026. Approval was confirmed based on the Scrutinizer's Report dated September 29, 2026, submitted by Mr. Krishna Kumar Singh, Proprietor of M/s. KKS & Associates.