Outcome of Board Meeting held on December 11, 2025 and disclosures pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements ) Regulations 2015
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The Board of Addi Industries Ltd on December 11, 2025 approved a sweeping leadership change following the completion of a Share Purchase and Transfer of Control Agreement dated May 20, 2025. Mr. Chaman Lal Jain stepped down as Managing Director and Chairman, and Mr. Atul Kumar Jain resigned as CFO. All three Independent Directors — Mr. Achal Kapoor, Ms. Apra Sharma, and Mr. Subrata Panda — also resigned with immediate effect. In their place, the company appointed Mr. Sandeep Mittal as Whole Time Director (Promoter, Executive) for 5 years, Mr. Rajat Goyal as Non-Executive Director (Promoter), and Mr. Jai Kishan and Ms. Preeti Jain as new Independent Directors for 5-year terms. All board committees were also reconstituted to reflect the new lineup. This effectively marks a takeover-style transition with a new promoter group assuming control of the company.
Shareholders should expect a clear shift in strategic direction under the new promoter management. Such a complete board overhaul typically signals significant changes in business focus, and investors should watch for further updates on the new management's plans and any related party transactions.