Change in the directorate of the company at the 15th AGM of SHANTI GURU INDUSTRIES LIMITED held on Friday, 26th September, 2025
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At its 15th AGM on September 26, 2025, Shanti Guru Industries (formerly RCL Retail) made three board changes. Mr. Santosh Choudannanavar was appointed as an Independent (Non-Executive) Director, and Ms. Sarika Ssangavi was appointed as a Non-Executive, Non-Independent Director. Both had been Additional Directors since August 25, 2025, and were regularized through shareholder approval at the AGM. Mr. Ratanchand Lodha, a regular director, ceased from the board due to personal and unavoidable circumstances, holding 3,000 shares at the time. Notably, Ms. Sarika Ssangavi is related to the company's Promoter Director and CFO.
The change is routine board reshuffling with low material impact for shareholders, though the entry of a promoter-family member as director slightly increases promoter influence on the board.