Laser Diamonds531164Board structure update

Board approves reconstitution of Audit, NRC and Stakeholders Relationship Committees

Board approved reconstitution of Audit, NRC and Stakeholders Relationship Committees, appointment of 3 additional directors, shift of registered office within Tamil Nadu, a new corporate office in New Delhi, and a ₹1.45 crore loan facility.

By ScoutQuest · Fri 16 Oct 2026, 5:31 PM IST · 2 min read

Loan Facility: ₹1.45 crore from Chemfit PVC Solutions Private Limited
Directors Appointed: 3 additional directors, w.e.f. 16 October 2026
Board Meeting Date: 16 October 2026

The company informed the exchanges about the outcome of its Board meeting held on 16 October 2026, from 02.30 P.M to 05.00 P.M. The decisions cover board composition, committee reconstitution, office locations and a borrowing.

Directors appointed

Mr. Sachin Mishra (DIN No: 11884960) as an Additional Non-Executive Independent Director, w.e.f. 16 October 2026.
Mr. Chandresh Dutt Upadhyay (DIN No: 01140078) as an Additional Non-Executive Independent Director, w.e.f. 16 October 2026.
Mrs. Mudrika Devi (DIN No: 10936446) as an Additional Non-Executive Woman Director, w.e.f. 16 October 2026.

All three are stated to be not related to any of the promoters, members of the promoter group or directors of the company.

Committee reconstitution

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 (NRC)

Chandresh Dutt Upadhyay - Chairperson, Non-Executive Independent Director
Sachin Mishra - Member, Non-Executive Independent Director
Mudrika Devi - Member, Non-Executive Director

Stakeholders Relationship Committee (SRC)

Chandresh Dutt Upadhyay - Chairperson, Non-Executive Independent Director
Sachin Mishra - Member, Non-Executive Independent Director
Lalit Samdaria - Member, Executive Director

Office locations

The Board approved shifting the registered office within the State of Tamil Nadu, from B-28, Basement, City Centre No. 232/186, Purasawalkam High Road, Kilpauk, Chennai-600010 to 508, 2nd floor, Pillaiyar Koil Street, golden George Nagar, Mogappair East, Chennai-600107, w.e.f. October 17, 2026. The Board also approved establishing a new corporate office at 426, 4th Floor, Plot No. 5, City Centre, Dwarka, New Delhi-110078, w.e.f. October 17, 2026.

Loan facility

The Board approved 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.

What this means for a retail reader

Board-level changes such as new independent directors and reconstituted committees are governance-related disclosures, and the reconstituted committees are shown with their new chairpersons and members. The office shifts change where the company's registered office and corporate office are located. The loan agreement adds a borrowing of ₹1.45 crore from a named lender, which a reader may weigh along with the company's other financial disclosures.

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