ANNOUNCEMENT UNDER REGULATION 30 (LODR)- CHANGE IN MANAGEMENT
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At an Extra Ordinary General Meeting held on 2nd May 2025, shareholders approved changing the designation of three existing Additional Directors to Executive (Whole-Time) Directors. Mr. Surinder Kumar Kalra will receive INR 6,00,000 per annum for a 3-year term ending 13th January 2028. Ms. Hina will receive INR 2,40,000 per annum for the same 3-year period. Mr. Shah Adnan Khan will receive INR 3,60,000 per annum for a 3-year term ending 18th March 2028. All three were already on the board as Additional Directors and are now being moved into executive roles with fixed pay. The company confirmed none of them are debarred from holding directorship by any SEBI order.
This is a routine internal board restructuring with no resignations or new external appointments. The modest remuneration levels (Rs 2.4 lakh to Rs 6 lakh per annum) suggest this is a small-cap company formalising existing board members into executive roles, with limited material impact on shareholders or stock price.