This is for your information that, the regularization of Directors and appointment of Secretarial Auditor as proposed in the Notice of the 33rd AGM is approved by the members . Detailed ....
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At the 33rd AGM held on 11 August 2025, shareholders approved the regularization of three directors: Mr. Gaurav Jindal as Managing Director, Mr. Arvind Sharma as Executive Director, and Mr. Ram Gopal Jindal as Non-Executive Director. The company explicitly stated that these board changes constitute a 'change in control' of the company. Additionally, M/s. Mona Bansal & Associates was appointed as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30). Notably, Mr. Gaurav Jindal is the son of Mr. Ram Gopal Jindal, meaning the Jindal family now forms the core of the board with the son as Managing Director and the father as Non-Executive Director.
This is a significant governance event — the company itself has flagged a 'change in control' as the Jindal family consolidates strategic decision-making. Retail investors should treat this as a material control shift; watch for any related party transactions and follow-up disclosures on the new management's business plans.