Tijaria Polypipes Limited has informed the Exchange regarding Appointment of Mr AVINASH SAI as Non- Executive Independent Director of the company w.e.f. Jun 18, 2025.
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Tijaria Polypipes held its 19th Annual General Meeting on June 18, 2025, chaired by Managing Director Mr. Alok Jain Tijaria. Shareholders approved the appointment of three new Independent Directors — Mr. Avinash Saini, Mr. Bhairu Singh, and Mr. Bharat Sharma — each for a 5-year term. The meeting also approved the re-appointment of statutory auditor M/s Amit Ramakant & Co. and secretarial auditor M/s Naredi Vinod & Associates, both for the 5-year period from FY2025-26 to FY2029-30. Additionally, Mr. Vineet Jain Tijaria was re-appointed as a director liable to retire by rotation, and members approved related party transactions and enhanced borrowing and asset disposal powers under Sections 180(1)(a) and 180(1)(c) of the Companies Act, 2013.
The appointment of three new independent directors broadens the board's expertise in strategic planning, operations, and quality control. Re-appointment of auditors for a full 5-year term provides continuity in financial oversight. Enhanced borrowing powers give management more financial flexibility, which may support future expansion but also increases leverage risk for shareholders.