Exchange and Stakeholder are hereby informed on the Appointment of Directors and taking on record Resignation of Directors and KMPs as elobrated in submission.
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Awaiting price reaction for this filing.
Aadi Industries announced a major board and management reshuffle on 14 January 2026. Three Independent Directors (Khushboo Agarwal, Neelabh Kaushik, and Saachi Madnani) resigned citing pre-occupation, alongside CFO Sanjay Jadhav (pursuing other opportunities) and Compliance Officer Rushabh Shah. To fill the gaps, the company appointed Mr. Darshan Mehta (a promoter of the Aquatic group of companies) as Non-Executive Director, Mr. Tejas Sampat – a former Ernst & Young Director and Chartered Accountant with 14 years' experience – as both Whole-Time Director and CFO for a 3-year term, and two new Independent Directors (Ms. Dipyanti Jaiswar and Ms. Deepti Sharma) for 5-year terms each. Ms. Barkha Chaturvedi was also appointed as Company Secretary and Compliance Officer. All appointments remain subject to shareholder approval.
The simultaneous exit of three Independent Directors and key KMPs (CFO and Compliance Officer) in one go may raise short-term governance concerns, but management has already filled every position with credible, experienced replacements – notably a Big 4-trained professional as the new CFO/WTD. Stock-price reaction will likely depend on how shareholders view the new appointees at the upcoming AGM.