It is hereby informed that Mr. Daljeet Singh Saljua and Mr. Prashant Chintaman Wadile is appointed as Non Executive Independent Director and Whole-time Director respectively w.e.f. 01/04/2025.
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Jainex Aamcol Ltd has announced two board-level appointments effective April 1, 2025. Mr. Daljeet Singh Saluja has been appointed as a Non-Executive Independent Director for a first term of 5 years; he brings extensive automotive industry experience as the Owner Director of Mohindra Coach Factory Pvt. Ltd. Mr. Prashant Chintaman Wadile has been appointed as Whole-time Director for 3 years; he is a seasoned technocrat with around 20 years in the gear industry and has been serving as the company's CEO for the last 8 months. Both appointments follow the recommendation of the Nomination and Remuneration Committee and are subject to shareholder approval. The intimation was signed by Kunal Bafna, the existing Whole-time Director and CFO.
These are routine board-strengthening moves with no negative governance flags. Mr. Wadile's elevation from CEO to Whole-time Director brings operational continuity, while the addition of an Independent Director with automotive expertise could support the company's strategic direction. Neutral to mildly positive for shareholders.