AGM approves MD re-appointment, new statutory auditors and higher director remuneration

Re-appointment of Mr. Ashish Narayan Sakalkar (DIN: 06601011) as Managing Director, retiring by rotation.

Thu 1 Oct 2026

AGM Date

29 Sep 2026

MD Re-appointed

Mr. Ashish Narayan Sakalkar (DIN: 06601011)

Statutory Auditors Appointed

M/s Panchal S K & Associates (Firm Registration No. 145989W)

Remuneration Increased For

MD Ashish Narayan Sakalkar, Whole-time Director & CEO Mrs. Saili Jayaram More, Non-Executive Director Mr. Sachin Chandrakant Badakh

Financial Statements Adopted

Audited standalone financials for FY ended March 31, 2026

What was approved

The company informed BSE that members passed resolutions at the 7th Annual General Meeting held on 29 September 2026.

• Adoption of the audited standalone financial statements for the financial year ended 31 March 2026, with the Board's and Auditors' reports.
• Re-appointment of Mr. Ashish Narayan Sakalkar (DIN: 06601011), Managing Director, as a director retiring by rotation under Section 152(6) of the Companies Act, 2013.
• Appointment of M/s Panchal S K & Associates (Firm Registration No. 145989W) as Statutory Auditors, first approved by the Board on 4 September 2026.
• Increase in remuneration of Mr. Ashish Narayan Sakalkar, Managing Director.
• Increase in remuneration of Mrs. Saili Jayaram More (DIN: 02691527), Whole-time Director and CEO.
• Increase in remuneration of Mr. Sachin Chandrakant Badakh (DIN: 08685214), Non-Executive Director.

About the Managing Director

Mr. Sakalkar, aged 50 years, holds a Master of Science (2001, NMU Jalgaon), a PhD from JJT University and a Diploma in Regulatory Affairs from the University of Delhi. He has experience in industrial chemistry, quality assurance and regulation, and handles overall business operations with a focus on business expansion, customer acquisition and supplier negotiation. He is not related to any existing director and is not debarred from holding office by SEBI or any other authority.

About the auditor

M/s Panchal S K & Associates was established in 2017 and is led by founder partner Swati Panchal, a member of ICAI since 2012. The firm works with SMEs and larger corporates across industries and is not related to the directors.

What it means

These are routine annual general meeting outcomes: continuity in the leadership team, a newly appointed statutory audit firm and board-level pay revisions approved by shareholders. The amounts of the remuneration increases are not stated in this intimation.

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