Appointment of Mr. Rajat Goel (DIN-08228413) as an Additional Director in the category of Non-Executive Independent Director of the Company
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Avax Apparels and Ornaments Ltd has appointed Mr. Rajat Goel (DIN-08228413) as an Additional Director in the category of Non-Executive Independent Director with effect from August 1, 2025. The appointment follows the resignation of the previous Non-Executive Independent Director and was recommended by the Nomination and Remuneration Committee. Mr. Goel will hold office until the next Annual General Meeting, after which shareholders will be asked to approve his appointment as Independent Director for a term of up to five consecutive years. He is a qualified Company Secretary, MBA, and LLB with 10-12 years of experience in corporate legal, secretarial, compliance, and advisory work, and currently serves as designated partner at PROFBUS Solutions L.L.P. He also holds directorships at Satyam Projects Ltd and SC Agrotech Limited, and has confirmed he is not debarred by SEBI or disqualified under Section 164 of the Companies Act, 2013.
This is a routine board reconstitution following the resignation of the previous independent director. It is unlikely to have any material impact on the stock price or shareholder value, though it does restore the board's independent director composition.