To appoint Mr. Raghuraj Miteshbhai Rupareliya as an Additional Non-Executive Independent Director. Kindly take the same on your record. Thank you.
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The board of Jay Kailash Namkeen Limited met on September 2, 2025 and cleared a wide set of items. The most notable changes are the resignation of CEO Mr. Rituraj Singh Solanki (effective the same day) and the appointment of Mr. Raghuraj Miteshbhai Rupareliya as an Additional Non-Executive Independent Director (effective September 30, 2025). The board also approved increasing the Authorized Share Capital from Rs. 5 crore to Rs. 12.5 crore, suggesting future fundraising plans. Statutory auditor M/s. K.P. Parekh & Co. was re-appointed for a 5-year term (FY2025-26 to FY2029-30), and M/s K.P. Ghelani & Associates was appointed as Secretarial Auditor for a similar 5-year term. The board authorized Managing Director Neel Pujara to sell the current factory at Kuvadava Road and lease a new manufacturing unit, effectively relocating operations. The 4th Annual General Meeting has been scheduled for September 29, 2025.
The sudden CEO exit is a key leadership change to watch, and the sharp jump in authorized share capital hints at a potential equity raise ahead. The factory relocation signals operational expansion or restructuring, which could affect short-term costs but may support future growth.