Appointment of Company Secretary & Compliance Officer of the Company - Ms Pooja Jain

Following an NCLT Mumbai order dated February 26, 2026 in the company's insolvency matter (C.P. (IB) No. 1056/MB/2020), the board was completely reconstituted on March 16, 2026. Five new directors were confirmed, including Arvind Pradhan Bhanushali as Managing Director, Kurjibhai Rupareliya as Executive Director, Shilpa Singh as Non-Executive Director, and Priyanshu Sheth and Jignesh Lasaniawala as Independent Directors. At the same time, five directors/KMPs were deemed to have ceased office, notably Managing Director Girish Madhukar Talwalkar, Whole-Time Directors Madhukar Vishnu Talwalkar and Vinayak Gawande, Independent Director Abhijeet Patil, and CFO Dinesh Srinivas Rao. The board also appointed Ms. Pooja Jain as Company Secretary & Compliance Officer and Mr. Satish Kalmaste as new CFO, and re-constituted board committees. The Talwalkar family, the original promoters, have effectively lost control of the company through this NCLT-driven transition.