Company Disclosure: Management Changes

Key Decisions from Board Meeting

Board meeting held on May 27, 2026 (12:05 PM to 1:15 PM) resulted in three key decisions:

1. Internal Auditor Appointment

  • Based on Audit Committee recommendation, approved reappointment of Messrs. Nainegli & Co. as Internal Auditors
  • Term: One year for Financial Year 2026-27
  • Firm profile: Chartered accountants with more than 35 years experience, based in Bangalore

2. CEO Reappointment

  • Based on Nomination and Remuneration Committee recommendation, approved reappointment of Mr. Pramod Kumar Jain (DIN: 0071982) as Whole Time Director designated as Chief Executive Officer and Director
  • Effective from: November 1, 2026
  • Term: 3 years, subject to shareholder approval
  • Profile: Promoter of the company, instrumental in significant growth, has good experience in the business line
  • Relationships: Father of Mr. Akshat Jain and Mrs. Manvi Jain (company directors)
  • Compliance: Not debarred from holding director office by SEBI or any other authority

3. Managing Director Resignation

  • Mr. B Shantilal (DIN: 00719808) resigned as Managing Director
  • Effective: Closure of business hours on May 27, 2026
  • Reason: Advancing age
  • Resignation letter dated May 27, 2026 formally submitted to the board