Independent Director Paras Suri resigns; Chandresh V. Dobariya appointed Additional (Independent) Director

Board change at Amtech Esters.

Mon 28 Sep 2026

Director Resigned

Mr. Paras Suri (DIN: 10232000) resigned as Independent Director with immediate effect

Director Appointed

Mr. Chandresh V. Dobariya (DIN: 03050615) appointed as Additional Director in Non-executive Independent category

Appointment Effective Date

28.09.2026

Approval Requirement

Subject to shareholders' approval at next Annual General Meeting

Board Meeting Frequency

At least four times in a year

What happened

The Board of Amtech Esters Limited has recorded two changes in its composition on the same date.

• Mr. Paras Suri (DIN: 10232000) tendered his resignation from the position of Independent Director with immediate effect, stating personal reasons.
• Mr. Chandresh V. Dobariya (DIN: 03050615) has been appointed as an Additional Director in the category Non-executive Independent, with effect from 28.09.2026.

Terms of the new appointment

The appointment letter, signed by Managing Director Ajit Singh Bawa (DIN: 00413081), sets out that Mr. Dobariya will hold office up to the next Annual General Meeting, and his appointment is subject to approval of the members at that meeting. Once approved by shareholders as an Independent Director, he will not be liable to retire by rotation, and any re-appointment at the end of the term also needs shareholder approval.

He may be invited by the Board to serve on one or more Board committees, subject to applicable rules.

Time commitment set out

• The Board meets at least four times in a year.
• The Audit Committee and Stakeholders Relationship Committee each meet at least four times in a year.
• Nomination and Remuneration Committee and Risk Management Committee meetings are convened as needed.
• Meetings are ordinarily held in Delhi/Gurgaon.

He will not be an employee of the company; the letter does not constitute a contract of employment. He must declare other directorships and interests, disclose any conflict of interest, and give the annual declaration of independence under the Companies Act.

Other conditions noted

• Retirement age for non-executive and independent directors is 70 years; for executive directors 60 years; an executive Board chair may serve until 75 years.
• Directors must pre-clear trades and cannot deal in shares when the trading window is closed.
• Performance of the Board, its committees and individual directors is evaluated annually, and continuation on the Board depends on that evaluation.
• Under the Code for Independent Directors annexed to the letter, an independent director who resigns or is removed is to be replaced within not more than one hundred and eighty days, unless the Board already meets the required number of independent directors.

How investors may read it

This is a governance and board-composition update rather than a business or financial development. One independent director has exited for personal reasons and a new independent director has been inducted on the same date, keeping the independent presence on the Board. The new appointment still needs shareholder ratification at the next Annual General Meeting.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.