We wish to inform you that at the Board Meeting held today , there were several changes approved in composition of the Board of Directors.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
On 17 December 2025, the board approved major changes to its composition. Two Non-Executive Independent Directors — Ms. Saroj Rathod and Mr. Shailesh Jogani — resigned with immediate effect, both citing inability to devote sufficient time. To fill the gap, the company appointed two new Independent Directors (Ms. Nupoor Aman Sinha and Ms. Atisha Bhupendra Modi) on an additional-director basis. Additionally, three members of the promoter Vardhan family — Mr. Vishal Vardhan (son of existing director Ramesh Babulal Vardhan), Mrs. Sonam Vardhan (daughter-in-law), and Mr. Shrithik Vardhan (nephew) — were appointed as Additional Executive Directors. All new appointees will hold office until the next Annual General Meeting.
The simultaneous entry of three promoter-family Executive Directors alongside the exit of two Independent Directors may raise governance concerns about board balance and family concentration in management decisions. Investors should watch for changes in board composition at the next AGM where these additional directors seek regularisation, and assess whether adequate independent oversight is maintained.