Please be informed that Mr Anand Sushil Kothari, Mr Vipson Jain and Mr Sanjay Rawka, who were hitherto holding offices of Additional Directors, have been regularised into their offices, ....
Awaiting price reaction for this filing.
At the 40th Annual General Meeting held on August 28, 2025, three directors who were holding offices as Additional Directors — Anand Sushil Kothari, Vipson Jain, and Sanjay Rawka — ceased to hold those positions and were formally appointed to regular board roles. Anand Sushil Kothari was appointed as a Non-executive, Non-independent Director, while Vipson Jain and Sanjay Rawka were appointed as Independent Directors. The company confirmed that none of them are debarred by SEBI or any other authority from holding directorship. Brief profiles indicate Kothari has sales and marketing experience, while Jain and Rawka bring finance, cost accounting, and management expertise.
This is a routine regularization of board positions and is unlikely to cause any immediate stock price movement. However, shareholders should note that Mr. Kothari is the brother-in-law of the Managing Director Mr. Rathi, indicating a family-connected director on the board, which is relevant from a governance perspective.