Stock-exchange and Stakeholder are requested to take on record, the change in management arrising from appointement and resignation of Director as detailed in annexure attached herewith.
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Indian Link Chain Manufacturers Ltd has seen a major board reshuffle effective 6–7 November 2025, linked to a change in management and control of the company. Mr. Anay Chodankar (son of Rajendra Chodankar) has been appointed as Additional Executive Director and Managing Director for 5 years; he currently serves at RRP Electronics Limited and has experience in electronics and AI. Mr. Rajendra Chodankar, founder/promoter of RRP Defense, joins as Non-Executive Director. Two new Independent Directors – Mr. Gajanan Godbole (ex-Axis Bank, BFSI and governance experience) and Ms. Riddhita Agrawal (compliance specialist) – have also been appointed for 5-year terms. Three directors – Independent Directors Mr. Ashok Jain and Mr. Jaynish Kothari, and Non-Executive Director Ms. Bhavika Thakkar – have resigned, citing the change in management/control following a takeover.
This represents a clear change of control at the company, with the incoming Chodankar family (linked to RRP Group) taking over the board and MD seat. Shareholders should expect a potential shift in business direction; the appointment of experienced professionals as Independent Directors provides some governance balance.