Summary of Key Information:
Reporting Period (Quarter/Year): Not Specified
Nature of Filing / Announcement: Outcome of Board Meeting regarding director appointments and remuneration
Audit Opinion:
Not Specified
Key Financial Highlights:
Not Specified
Standalone Results:
Not Specified
Consolidated Results:
Not Specified
Segment-wise Performance:
Not Specified
Corporate Actions:
The board approved the following director-related matters:
- Re-appointment of Mr. Rakesh Arvindbhai Patel (DIN: 00373019) as Non-Executive Independent Director for a second term of 5 years from September 1, 2026 to August 31, 2031
- Re-appointment of Mr. Ambar Jayantilal Patel (DIN: 00050042) as Non-Executive Independent Director for a second term of 5 years from September 1, 2026 to August 31, 2031
- Regularization of Mr. Dhaval Shah (DIN: 07933310) as Non-Executive Non-Independent Director, liable to retire by rotation
- Approval of remuneration payable to Mr. Jay Kunjbihari Shah as Associate Director effective July 1, 2026
All appointments are subject to shareholder approval.
Other Significant Information:
Director Profiles:
- Mr. Rakesh A. Patel: Electronic Engineering background with over 25 years experience in food export industry, Whole-Time Director of a leading spices manufacturing and export company
- Mr. Ambar Jayantilal Patel: Mechanical Engineer with Diploma in Electrical Engineering, 43 years experience in printing and gravure industry, pioneering entrepreneur in flexible packaging
- Mr. Dhaval Shah: Fellow Chartered Accountant (FCA) and CFA Charterholder (USA) with 19 years experience in credit and risk management, corporate and investment banking, credit rating
All directors affirmed they are not related to any Directors & KMP of the Company.
Meeting held at registered office: "Zodiac House" 12, Times Corporate Park, Near Baghban Party Plot, Thaltej-Shilaj road, Thaltej, Ahmedabad - 380059