Company has informed to Stock exchange about the Resignation of Chairman and Managing Director of the Company w.e.f. 07 August 2025

In a single board meeting on 7 August 2025, Jattashankar Industries saw five people step down simultaneously. Mr. Jatta Shanker Poddar resigned as Chairman and Managing Director, Dr. Sharad Poddar resigned as Executive Director, and Mr. Ankur Sharad Poddar resigned as CFO — all citing personal reasons and other pre-occupations. The three appear to be from the same Poddar family, signalling a near-complete promoter-family exit. Two Independent Directors, Ms. Richa Sushil Choudhary and Ms. Ruchika Kabra, also resigned the same day for personal/family reasons. To fill the gaps, the board approved four new appointments: Mr. Keval Jayanti Khudai (29, holds 7 lakh shares) as the new Managing Director and Chairman for 3 years, Mr. Nileshbhai Bhagvanji Bapodara as Whole-Time Director for 3 years, and two new Independent Directors — Mr. Harsh Pankajkumar Nayak (Chartered Accountant) and Mr. Siddharth Parshottam Gajra (Company Secretary) — each for 5 years. All appointments are subject to shareholder approval at the next general meeting. The Audit, Nomination & Remuneration, and Stakeholder Relationship committees have also been reconstituted with the new members.