Internal Auditor Appointment

The Board appointed M/s RB Verma & Associates, Chartered Accountants (FRN: 012650C) of Jaipur, as the Internal Auditors of the Company for the financial year 2026-27. The appointment was made on the recommendation of the Audit Committee to conduct internal audit at all company locations. The date of appointment is 28 May 2026. There is no disclosed relationship between the auditor and the company's directors.

Chief Financial Officer Appointment

Mr. Pramod Agarwal was appointed as Chief Financial Officer and Key Managerial Personnel of the Company with effect from 28 May 2026. Mr. Agarwal is a qualified Chartered Accountant with over 27 years of professional experience in Accounts, Finance, Taxation, Management Structuring, and Project Management across industries including IT, Real Estate, and Manufacturing. There is no disclosed relationship between Mr. Agarwal and the company's directors.

Leadership Reappointments and Designation Changes

The Board approved the reappointment of three key leaders, all effective from 1 April 2027 and subject to shareholder approval at the ensuing Annual General Meeting:

1. Mr. Kishan Kumar Khaitan (DIN: 00514864) was reappointed as Chairman for a period of 5 years, from 1 April 2027 to 31 March 2032. His remuneration was approved for a period of 3 years, from 1 April 2027 to 31 March 2030. Mr. Khaitan, a B.Com graduate, has been with the company since 1978 and is described as a renowned industrialist responsible for growth plans and corporate strategy. He is related to Mr. Devesh Khaitan.

2. Dr. Mahendra Khaitan (DIN: 00459612) was reappointed with a change in designation from Managing Director to Vice Chairman for a period of 5 years, from 1 April 2027 to 31 March 2032. His remuneration was approved for a period of 3 years, from 1 April 2027 to 31 March 2030. Dr. Khaitan, a B.Com graduate and Doctor of Philosophy, has been with the company since 1989 and is responsible for policy decisions and day-to-day activities. He is related to Mrs. Shailja Khaitan.

3. Mr. Devesh Khaitan (DIN: 00820595) was reappointed with a change in designation from Joint Managing Director to Managing Director for a period of 5 years, from 1 April 2027 to 31 March 2032. His remuneration was approved for a period of 3 years, from 1 April 2027 to 31 March 2030. Mr. Khaitan, who holds an M.Sc in Financial Management and a diploma in family business, has been with the company since 2009 and is responsible for policy implementation. He is related to Mr. Kishan Kumar Khaitan.

Audit Committee Composition

Mr. Bhagirath Modi was appointed as a member of the Audit Committee with effect from 28 May 2026. Following this appointment, the Audit Committee consists of:

  • Shri Rishi Bajoria (Chairman)
  • Shri Bhagirath Modi (Member)
  • Shri Sanjay Kumar Singh (Member)
  • Dr. Sudhir Bhandari (Member)
  • Dr. M. Khaitan (Member)