ALAdishakti Loha and Ispat543377Leadership appointment or

Board takes on record resignation of CEO and CFO; approves appointment of new CEO and Company Secretary

Board meeting on October 14, 2026 (05:00 P.M. to 06:00 P.M.).

By ScoutQuest · Wed 14 Oct 2026, 6:59 PM IST · 2 min read

Board Meeting Date

October 14, 2026 (05:00 P.M. to 06:00 P.M.)

Resignations

Anshu Aggarwal resigned as CEO, CFO and KMP; Pawan Kumar Mittal resigned as Non-Executive Non-Independent Director

Appointments

Ashish Kumar appointed CEO and KMP; Seema Kushwaha appointed Company Secretary and Compliance Officer, w.e.f. October 14, 2026

Board meeting outcome

The Board of Directors of Afloat Enterprises Limited met on Wednesday, October 14, 2026, commencing at 05:00 P.M. and concluding at 06:00 P.M. The Board considered and took on record two resignations and considered and approved two appointments, in each case with effect from October 14, 2026.

Resignations taken on record

• Ms. Anshu Aggarwal (PAN: ACKPA7147A) resigned as Chief Executive Officer (CEO), Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company, with immediate effect from October 14, 2026, due to personal reasons.
• Mr. Pawan Kumar Mittal (DIN: 00749265) resigned as Non-Executive Non-Independent Director of the company, with immediate effect from October 14, 2026, due to personal reasons.
• Mr. Mittal's resignation letter states that he also ceases to be a member of the Audit Committee, the Nomination and Remuneration Committee and the Stakeholders Grievances Committee of the Board.
• Both resignations were tendered due to personal reasons, and both letters confirm that there are no other material reasons.

Appointments approved

• Mr. Ashish Kumar (PAN: EUYPK5241P) appointed as Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) of the company with effect from October 14, 2026. The update describes him as a finance and audit professional with approximately 7 years of professional experience in audit, internal audit, financial review, internal controls, risk assessment, accounting processes and management advisory.
• Ms. Seema Kushwaha (ACS-76245) appointed as Company Secretary and Compliance Officer and Key Managerial Personnel (KMP) of the company with effect from October 14, 2026. The update describes her as a qualified Company Secretary and corporate compliance professional with experience in corporate law, regulatory compliance, secretarial practices and commercial documentation; she qualified as a Company Secretary in 2024 from the Institute of Company Secretaries of India (ICSI) and holds a Bachelor of Commerce degree.

What this means, in simple terms

• The CEO and CFO are the company's top executive and finance officers; the Company Secretary and Compliance Officer handles legal and regulatory paperwork; and directors sit on the Board that oversees management. Key Managerial Personnel (KMP) is a category of senior officers identified under company law.
• The resigning officers have given personal reasons, and each has confirmed in writing that there are no other material reasons.
• Both the resignations and both the appointments take effect from the same date, October 14, 2026, the date of the Board meeting.

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