Re-appointment of Managing Director and Appointment of Non-Executive/Non-Independent Director.
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At the 41st AGM held on September 18, 2025, shareholders approved three key board changes. Mr. Sanjay Jain was re-appointed as Managing Director for a three-year term from September 1, 2025 to August 31, 2028. Mrs. Parul Khanna, a former teacher with a science and education background and no prior board experience, was appointed as a Non-Executive Non-Independent Director. Additionally, the remuneration of Mr. Siddhant Jain, the Whole-Time Director, was revised upward. None of the three directors are debarred from holding office by any regulatory authority.
Continuity at the top is maintained with the promoter family's grip on management — Sanjay Jain (MD) and his son Siddhant Jain (WTD) together run operations, while a non-independent director with no industry background is added. The new appointment is unlikely to bring independent oversight, and the revision in the WTD's pay is a routine governance matter with no material financial impact disclosed.