Aki India Limited has informed the Exchange regarding Resignation of Resignation of Director's as Non- Execut of the company w.e.f. January 09, 2026.
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On January 9, 2026, three Non-Executive Independent Directors of AKI India Limited — Mr. Raj Krishna Agrawal, Mr. Aslam Saeed, and Mr. Javed Iqbal — resigned simultaneously, each citing personal reasons and confirming no other material reasons for their exit. The board approved the appointment of three new Independent Directors on the same day: Mrs. Sarika Agarwal (entrepreneur), Mr. Abdul Rashid Khan (law and finance professional), and Mr. Veqarul Amin (leather industry expert with 35+ years of experience). The Audit Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee have all been reconstituted with the newly appointed directors. Mohammad Ajwad continues as Managing Director, and the resigning directors confirmed no material undisclosed reasons for their departure.
Shareholders should note a complete turnover of the independent director slate in a single board meeting, which is unusual. While each resignation cites personal reasons and new directors bring relevant industry expertise (leather, law, finance), the simultaneous exit and replacement of all independent directors may warrant a closer look at board continuity and governance stability. The change itself is not financially material but could affect investor sentiment on governance quality.