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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Containerway International Ltd (now renamed Indus Aluminium Recyclers Limited) announced multiple board changes effective March 25, 2026. Three new directors were appointed: Mr. Pankeet Pankajkumar Aundhiya as Independent Director for a 5-year term, Mr. Kunal Arora as Non-Executive Director and new CFO & KMP, and Mr. Vansh Arora as Non-Executive Director. All appointments are subject to shareholder approval. Mr. Sanjay Vimalchand Deora resigned from both his Non-Executive Director and CFO & KMP roles on the same day, citing pre-occupation and personal commitments. The company confirmed none of the new appointees are related to the promoters, and they are not debarred by SEBI from holding directorship.
Shareholders should note the resignation of the CFO and a director on the same day new faces are brought in, which may prompt questions about management stability. The new appointments and the company name change to Indus Aluminium Recyclers signal a possible strategic shift, though shareholder approval for the new directors is still pending.