Pursuant to Regulation 30 pf SEBI (LODR) regulations 2015, Intimation is given that Appointment of Mr. Cheerag Kumar J Jain as an Additional Director designated as a Non Executive Independent ....
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Toyam Sports Ltd has appointed Mr. Cheerag Kumar J Jain (DIN: 11422919) as an Additional Director designated as a Non-Executive Independent Director, effective December 15, 2025. The appointment was recommended by the Nomination and Remuneration Committee and approved by the Board on the same date. His term will run until the next general meeting of the company. Mr. Jain holds a B.Com degree, has cleared the CA Inter level, and brings over 10 years of experience in tax consulting, accounts, finance, and commercial business partnering. The company confirmed he is not related to any existing director, meets independence criteria under the Companies Act 2013 and SEBI LODR, and is not debarred from holding directorship by SEBI or any other authority.
This is a routine independent director appointment that strengthens the board's composition. It may improve governance oversight but is unlikely to have a material direct impact on the stock price or shareholder value in the short term.