Disclosure under Regulation 30 of SEBI (LODR), 2015
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At the 40th Annual General Meeting held on 27th September 2025, shareholders approved the re-appointment of Mr. Aditya Jindal (38 years, holding 10.97% stake) as Chairman and Managing Director for three years effective 1st April 2026. Mr. Sanjiivv Jindall (68 years, holding 9.15% stake) was also re-appointed as Whole Time Director – Strategy for three years from the same date. The two are father and son, indicating continued promoter family control of the company. Ms. Sarika Marwaha was appointed as a new Independent Woman Director for five years starting 12th November 2025. Additionally, M/s A K & Associates were appointed as Secretarial Auditors for a five-year term covering the 40th to 45th AGM.
Continuity at the top with promoter family duo retaining leadership roles is positive for stability but means limited board renewal at the executive level. The addition of an independent woman director strengthens board diversity compliance, and a long-term secretarial auditor appointment signals stable governance arrangements.