Disclosure under Reg 30 pursuant to Change in Management Control of the company
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Ador Multi Products Limited has undergone a complete board reshuffle following a change in management control, driven by a Share Purchase Agreement dated 21 March 2025 between existing promoters and new acquirers. Three new directors were appointed on 27 May 2025: Mrs. Praveen Kumari Singh as Independent Woman Director (former civil servant with 30+ years in public policy), Mr. Arvinder Singh Pasricha as Non-Executive Non-Independent Director (founder of TCNS Clothing, known for W and Aurelia brands), and Mr. Vinay Kumar Singh as Executive Whole Time Director (former MD of NCRTC and architect of the Namo Bharat RRTS project). Three existing directors resigned on the same day: Mr. Deep Ashda Lalvani (from both Whole Time Director and CFO roles), Mrs. Tanya Halina Advani (Director), and Mr. Suneil Chawla (Independent Director). The incoming board reflects a pivot toward luxury real estate, consistent with the acquirers' stated focus.
This is a significant control change event that effectively replaces the entire leadership team, signaling a strategic direction shift likely toward real estate. Shareholders should expect potential changes in business focus, capital allocation, and operational priorities as the new acquirers take charge.