Committee of Independent Directors Constituted for Delisting Offer

Following the Detailed Public Announcement for the delisting offer by promoter group entity Geetanjali Trading and Investments.

Tue 29 Sep 2026

Committee Constituted Date

September 29, 2026

Committee Size

5 members

Detailed Public Announcement Date

September 25, 2026

Acquirer Entity

Geetanjali Trading and Investments Private Limited

What was shared

The company informed the exchanges that its Board, by circular resolution dated September 29, 2026, constituted a Committee of Independent Directors in line with Regulation 28 of the SEBI Delisting Regulations.

Background

• A Detailed Public Announcement dated September 25, 2026 was published in newspapers on September 28, 2026.
• It was issued by Kreo Capital Private Limited, Manager to the Delisting Offer, for and on behalf of Geetanjali Trading and Investments Private Limited, the Acquirer and a member of the promoter group.

Committee members

• Dr. Sivaram Swaminathan
• Mr. Aditya Sheth
• Dr. Anjan Ray
• Mrs. Kalpana Merchant
• Dr. Prakash Trivedi

Why it matters

The committee's role is to provide reasoned recommendations on the delisting offer. Such recommendations are meant to help public shareholders evaluate the offer. This update is a procedural step in the delisting process.

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