Regularisation of Directors as per attached letter.
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At its 40th Annual General Meeting on September 29, 2025, Synthiko Foils Limited got shareholders to approve the regularisation of five directors who were earlier on the board as additional directors. Mr. Abhishek Narbaria was confirmed as Managing Director, Mr. Tarun Dinesh Agarwal and Ms. Gayathri Srinivasan Iyer as Non-Executive Independent Directors, and Mr. Umesh Kumar Sahay and Mr. Nikhil Dilipbhai Bhuta as Non-Executive Non-Independent Directors. Mr. Narbaria and the two independent directors have been appointed for a five-year term running from June 18, 2025 to June 17, 2030. The independent directors bring finance, legal, consulting and chartered accountancy expertise, while the non-independent directors are primarily from real estate, IT and data centre backgrounds through the EFC/TCC Concept group.
For shareholders, this brings stability to the board with formal appointments in place and introduces leadership from outside the traditional foils sector, which could signal a strategic shift in business direction. Investors should watch for any change in company focus given the management's diverse external business background.