Aki India Limited has informed the Exchange regarding Appointment of Appointment of Director's as Non- Executive Independent Director of the company w.e.f. January 09, 2026.
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AKI India Limited announced a complete reshuffle of its Independent Directors on January 9, 2026. Three new Non-Executive Independent Directors were appointed: Mrs. Sarika Agarwal (B.Com, entrepreneur), Mr. Abdul Rashid Khan (B.Com, LL.B, 13+ years in law and finance), and Mr. Veqarul Amin (leather technologist with 35+ years of industry experience). On the same day, three existing Independent Directors — Mr. Raj Krishna Agrawal, Mr. Aslam Saeed, and Mr. Javed Iqbal — resigned citing personal reasons, with no material reasons disclosed beyond that. The Audit Committee, Stakeholders Relationship Committee, and Nomination & Remuneration Committee were all reconstituted with the new appointees. Mr. Mohammad Ajwad continues as Managing Director.
A simultaneous 3-for-3 swap of Independent Directors in a single day is unusual and may raise governance questions, though the company has confirmed no material undisclosed issues. Shareholders should watch for any follow-up filings clarifying the circumstances behind the mass exit, as board stability and committee composition directly affect oversight quality.