Shareholders approve Independent Director regularization and re-appointment of two Whole Time Directors

Regularization of Mr. Nandkumar Anant Chaugule as Independent Director for 5 years (25 July 2026 to 24 July 2031).

Wed 30 Sep 2026

Independent Director Regularization

Mr. Nandkumar Anant Chaugule regularized for 5 years (25 July 2026 to 24 July 2031)

Whole Time Director Re-appointment 1

Mr. Manish P. Soni re-appointed for 5 years (1 Aug 2026 to 31 July 2031)

Whole Time Director Re-appointment 2

Mr. Vishal P. Soni re-appointed for 5 years (1 Aug 2026 to 31 July 2031)

AGM Date

30 September 2026

Independent Director Background

Mr. Nandkumar Anant Chaugule, aged 70, with over 38 years of police service

What was approved

The members of the company, at the Annual General Meeting held on Wednesday, 30 September 2026, approved three board-related resolutions.

Independent Director

• Mr. Nandkumar Anant Chaugule was regularized as an Independent Director for a period of Five years, with effect from 25 July 2026 to 24 July 2031.
• Date of appointment: 25.07.2026, as Non-Executive Independent Director.
• He is aged 70 years, with over 38 years of service in the police, including Deputy Commissioner of Police (HQ) Nashik, Additional Commissioner of Police - Administration and Traffic Navi Mumbai, Additional Commissioner of Police - Thane, and Bomb Detection and Disposal Squad of Mumbai Police.
• Recognitions include the President Police Medal for Meritorious Service, Director General of Police Insignia for Meritorious Service, 380 Commendatory Notes and 45 Appreciation Letters.
• He is not related to any of the Directors of the Company, is not disqualified under Section 164 of the Companies Act, 2013, and is not debarred by SEBI or any other authority.

Whole Time Directors re-appointed

• Mr. Manish P. Soni was re-appointed as Whole Time Director for Five years from 1 August 2026 to 31 July 2031.
• Mr. Vishal P. Soni was re-appointed as Whole Time Director for Five years from 1 August 2026 to 31 July 2031.
• Both are members of the Stakeholder Relationship Committee, Risk Management Committee and Corporate Social Responsibility Committee, and look after accounts, material management and on-site support to the operating functionaries of the Company.
• Both are sons of Chairman and Promoter P.L. Soni, and brothers of each other.
• Neither is disqualified under Section 164 of the Companies Act, 2013, nor debarred by SEBI or any other authority.

What it means for investors

This is a continuity-focused set of approvals: the executive management team of the promoter family stays in place for another five-year term, while an Independent Director appointed earlier in the year has now received shareholder approval for a full five-year term. There is no change in the company's business operations disclosed in this intimation.

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