1. Appointment of Mr. Mariya Sharivn Jeffery Loorthu (DIN: 09253546) as Additional Director of the company 2. Accepted the resignation of Mr. Ashrith Reddy Gireddy (DIN: 09568296) as Director ....
Awaiting price reaction for this filing.
AJEL Ltd's board, at a meeting held on 27th March 2026, approved the appointment of Mr. Mariya Sharivn Jeffrey Loorthu (DIN: 09253546) as an Additional (Non-Executive, Independent) Director with immediate effect. In the same meeting, the board accepted the resignation of Mr. Ashrith Reddy Gireddy (DIN: 09568296) as Director, citing personal preoccupations and other professional commitments. The company confirmed the new director is not related to the promoter or promoter group and meets the independence criteria under the Companies Act, 2013. The updated board now comprises 7 members, including the Managing Director, Wholetime Director & CFO, and several Independent Directors.
This is a routine board-level reshuffle — one director replaced by another independent director. No change in top management (MD/CFO remain the same), so minimal impact on shareholders or stock price is expected.