Appointment /Re-appointment of Non Executive Independent Directors of the company.
Awaiting price reaction for this filing.
On August 9, 2025, the Board of Narbada Gems and Jewellery Ltd approved the re-appointment of Shri Sunil Garg (DIN: 08851283) as a Non-Executive Independent Director for a fresh five-year term, effective immediately and subject to shareholder approval. In the same meeting, the Board appointed Shri Dileep Kumar Jain (DIN: 00380311) as a Non-Executive Additional Independent Director, also for five years, subject to shareholder approval. Both appointments were recommended by the Nomination and Remuneration Committee. Shri Sunil Garg has been on the board since August 2020 and also serves as a director at Uday Jewellery Industries Ltd. Shri Dileep Kumar Jain brings over 40 years of banking and finance experience, including 22 years at IFCI Ltd. where he retired as Executive Director, and currently sits on boards of listed firms such as Supriya Lifescience Ltd. and Lehar Footwears Ltd.
This is a routine governance update with no negative implications. The addition of a financially experienced independent director strengthens board oversight, though it is unlikely to move the stock price on its own. Shareholders will get to vote on these appointments at the next general meeting.