LDLaser Diamonds531164Board key decisions

Board approves director appointments, office shifts and ₹1.45 crore loan facility

Mr. Sachin Mishra — Additional Non-Executive Independent Director.

By ScoutQuest · Fri 16 Oct 2026, 5:08 PM IST · 2 min read

Loan Agreement

₹1.45 crore with Chemfit PVC Solutions Private Limited

Directors Appointed

Mr. Sachin Mishra, Mr. Chandresh Dutt Upadhyay and Mrs. Mudrika Devi, w.e.f. 16th October 2026

Office Changes

Registered office shifts within Tamil Nadu; new corporate office at Dwarka, New Delhi, w.e.f. October 17, 2026

What the Board approved

The Board of Directors met on Friday, 16th October 2026 and approved board appointments, changes to where the company operates from, a loan agreement and a reconstitution of its committees.

New board appointments

• Mr. Sachin Mishra (DIN: 11884960) — appointed as an Additional Non-Executive Independent Director w.e.f. 16th October 2026 under the recommendations of the Nomination and Remuneration Committee.
• Mr. Chandresh Dutt Upadhyay (DIN: 01140078) — appointed as an Additional Non-Executive Independent Director w.e.f. 16th October 2026.
• Mrs. Mudrika Devi (DIN: 10936446) — appointed as an Additional Non-Executive Woman Director w.e.f. 16th October 2026.

For each of the appointees, the disclosure states that the person is not related to any of the promoters, members of the promoter group or directors of the company.

Office changes

• The registered office will shift within the State of Tamil Nadu, from B-28, Basement, City Centre No. 232/186, Purasawalkam High Road, Kilpauk, Chennai, to 508, 2nd floor, Pillaiyar Koil Street, Golden George Nagar, Mogappair East, Chennai, w.e.f. October 17, 2026.
• A new corporate office was approved at 426, 4th Floor, Plot No. 5, City Centre, Dwarka, New Delhi, w.e.f. October 17, 2026.

Loan agreement

• The Board approved the execution of a loan agreement between the company (as "Borrower") and Chemfit PVC Solutions Private Limited (as "Lender") for a loan facility aggregating to ₹1.45 crore (Rupees One Crore Forty-Five Lakh only), subject to the terms and conditions stipulated in the loan agreement and compliance with applicable law.

Committees reconstituted

• Audit Committee: Lalit Samdaria (Chairperson, Executive Director), Sachin Mishra (Member, Non-Executive Independent Director), Chandresh Dutt Upadhyay (Member, Non-Executive Independent Director).
• Nomination and Remuneration Committee: Chandresh Dutt Upadhyay (Chairperson, Non-Executive Independent Director), Sachin Mishra (Member, Non-Executive Independent Director), Mudrika Devi (Member, Non-Executive Director).
• Stakeholders Relationship Committee: Chandresh Dutt Upadhyay (Chairperson, Non-Executive Independent Director), Sachin Mishra (Member, Non-Executive Independent Director), Lalit Samdaria (Member, Executive Director).

How this can be read

• Adding independent directors, including a woman director, is a change in board composition that can be seen as a governance and diversity step. The same directors also take up positions on the key committees, so the oversight structure changes alongside.
• The loan facility is a borrowing by the company. It is money coming in of ₹1.45 crore, and it also creates a repayment obligation on the terms agreed between the two parties.
• The shift of the registered office stays within Tamil Nadu, while a separate corporate office is being set up in New Delhi. Both take effect from October 17, 2026, the day after the 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.

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