Date: September 29, 2026
Board Meeting Outcomes
The Board of the Company passed a circular resolution on September 29, 2026, constituting a Committee of Independent Directors in accordance with Regulation 28 of SEBI (Delisting of Equity Shares) Regulations, 2021, as amended.
The committee was formed in response to the receipt of a Detailed Public Announcement (DPA) dated September 25, 2026, published in newspapers on September 28, 2026. The DPA was made by Kreo Capital Private Limited, Manager to the Delisting Offer, acting for and on behalf of Geetanjali Trading and Investments Private Limited (the "Acquirer"), which is a member of the promoter group of the Company.
KMP / Board Changes
The Committee of Independent Directors comprises the following five members:
- Dr. Sivaram Swaminathan - Independent Director
- Mr. Aditya Sheth - Independent Director
- Dr. Anjan Ray - Independent Director
- Mrs. Kalpana Merchant - Independent Director
- Dr. Prakash Trivedi - Independent Director
The committee's purpose is to provide reasoned recommendations on the Delisting Offer as required under SEBI Delisting Regulations.
Company Contact
Hetali Mehta, Company Secretary and Compliance Officer, signed the disclosure document digitally on September 29, 2026, at 17:42:57 IST.