Please find enclosed the outcome of the board meeting held today i.e. October 18, 2025.
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Hindustan Agrigenetics held a board meeting on October 18, 2025, triggered by a change in promoter following a successful open offer. Six directors, including Mr. Pritam Kapur, Mrs. Chandani Kapur, Mr. Sunny Srivastava, Mr. Naren Parsai, Mr. Pranav Kapur, and Ms. Mannu Kohli, tendered their resignations. The board accepted all resignations except Mr. Pritam Kapur's, who has been asked to continue as Managing Director until December 15, 2025. Mr. Rajendra Naniwadekar will take over as the new Managing Director from December 15, 2025. Mrs. Vidya Jonnalagadda has been appointed as a Woman Independent Director, and statutory committees (Audit, Nomination & Remuneration, Stakeholders Relationship) have been reconstituted.
Shareholders should note a significant board and management overhaul following a change in control, which could bring in new strategic direction under the new promoter. The smooth handover suggests continuity in operations, but investors should watch for any fresh business plans or restructuring announcements from the new management.