Major board overhaul at Simandhar Impex after change of control

The board of Simandhar Impex approved a complete overhaul on June 30, 2026, following a change in control. All four directors resigned including the MD and Chairman, along with the CFO and Company Secretary. New chairperson Chandraprakash Wadhwani, who holds 74.64 percent beneficial interest via Farmico International, was appointed. Two new independent directors and a woman director were also named. Existing executive directors Lalit Nagdev and Amit Ninawe were named CEO and CFO. Board committees were reconstituted.