Key Decisions and Appointments

1. Director Reappointments and Appointment:

  • Mr. Chandresh S. Saraswat (DIN: 01475370) was re-appointed as Managing Director for a period of 5 years, effective from 7th February 2027 until 6th February 2032. His remuneration was fixed for a period of 3 years. Both reappointment and remuneration are subject to approval by shareholders at the ensuing 23rd Annual General Meeting (AGM). He currently holds 39,59,627 shares in the company.
  • Ms. Ankita Saraswat (DIN: 05342198) was re-appointed as Whole-time Director for a period of 5 years, effective from 7th February 2027 until 6th February 2032. Her remuneration was also fixed for a period of 3 years, subject to shareholder approval at the AGM. She currently holds 5,90,813 shares.
  • Mr. Sunil Thakore (DIN: 08013740) was appointed as an Additional Director (Independent Director category) with immediate effect from 27th August 2026. His appointment will be valid until the date of the 23rd AGM. Subject to shareholder approval at that AGM, he will be appointed as an Independent Director for a term of 5 years commencing from the date of the AGM. He holds no shares in the company.

The company affirmed that none of the appointed/reappointed directors are debarred from holding office by any SEBI order or other authority.

2. Annual General Meeting and Related Matters:

  • The 23rd Annual General Meeting (AGM) of the company is scheduled to be held on Saturday, 26th September 2026, at 12:00 Noon at the Registered Office of the Company.
  • The dates for book closure, the cut-off date for e-voting, and the e-voting period will be communicated separately.
  • The Board considered and approved the Board's Report along with its annexures for the Financial Year 2025-26.
  • Mr. Mukesh Pamnani, Proprietor of M/s Mukesh Pamnani & Associates, Practising Company Secretaries, Ahmedabad, was appointed as the Scrutinizer for the remote e-voting facility and voting at the AGM.

Meeting Details

The Board Meeting commenced at 03:00 P.M. and concluded at 05:00 P.M. on 27th August 2026.

Director Profiles and Relationships (From Annexure-I)

  • Mr. Chandresh S. Saraswat is 60 years old, holds a Bachelor of Arts from Rajasthan University, and has been with the company for 20 years. With over 40 years of experience in marketing in timber, ply boards, and FMCG, he oversees overall management, procurement, marketing, production, and sales. He is an immediate relative of Ms. Ankita Saraswat and Mr. Santoshkumar Saraswat.
  • Ms. Ankita Saraswat is 35 years old, holds an M.B.A. from Amity University, and has been with the company for almost 15 years. She handles Marketing, Human Resources, and brand-related activities. She is an immediate relative of Mr. Chandresh S. Saraswat.
  • Mr. Sunil Thakore is qualified with PGDBM, LL.B., and B.Com. He has over three decades of experience in project management, marketing, and the laminates/plywood industry, including establishing export businesses to over 24 countries since 2006. He has no disclosed relationship with other directors and holds no shares.