SASanstar544217AGM

Shareholders approve re-appointment of MD and two Joint MDs; Nominee and Independent Directors regularised

Gouthamchand Sohanlal Chowdhary re-appointed Managing Director for 5 years, from 01st September, 2026 to 31st August, 2031.

By ScoutQuest · Fri 25 Sep 2026, 3:39 PM IST · 2 min read

MD Re-appointment Term

Gouthamchand Sohanlal Chowdhary re-appointed for 5 years from 01st September, 2026 to 31st August, 2031

Joint MD Re-appointments

Sambhav Gautam Chowdhary and Shreyans Gautam Chowdhary re-appointed for 5 years from 01st September, 2026 to 31st August, 2031

Nominee Director Regularisation

Jacques Georges Florent Guglielmi regularised as Nominee Director of Corn Products Development Inc.

Independent Director Regularisation

Niraj Yogeshbhai Shah regularised as Independent Director for first term of 3 years

What was approved

At the 44th Annual General Meeting held on 23rd September, 2026, members approved five board-related resolutions, all by Ordinary Resolution, on the recommendation of the Nomination and Remuneration Committee and the Board.

Re-appointments (promoter family)

• Gouthamchand Sohanlal Chowdhary (DIN: 00196397) re-appointed as Managing Director for a further term of five (5) consecutive years from 01st September, 2026 up to 31st August, 2031, liable to retire by rotation.
• Sambhav Gautam Chowdhary (DIN: 01370802) re-appointed as Joint Managing Director for the same five-year term.
• Shreyans Gautam Chowdhary (DIN: 01759527) re-appointed as Joint Managing Director for the same five-year term, and separately re-appointed as a director retiring by rotation.

All three are Promoters of the company, associated with it since February 22, 2012. Gouthamchand is the father of Sambhav and Shreyans. Gouthamchand oversees strategic growth and expansion; Shreyans handles commercial and sales; Sambhav handles day-to-day operations and expansion plans. Terms and remuneration are as set out in the AGM Notice.

Nominee Director regularised

Jacques Georges Florent Guglielmi (DIN: 10603100), nominee of Corn Products Development Inc., appointed by the Board as an Additional Director with effect from 24th June, 2026, has been regularised as Nominee Director, not liable to retire by rotation. He will hold office in accordance with the Companies Act, 2013, the Articles of Association and the terms of the SSA and SHA. He is Vice President, Asia-Pacific and Global Pharma Beauty & Home - Singapore, COO PureCircle at Ingredion Incorporated.

Independent Director regularised

Niraj Yogeshbhai Shah (DIN: 06362791), appointed as Additional Director with effect from 24th June, 2026, has been approved as an Independent Director for a first term of three (3) consecutive years, not liable to retire by rotation. He is Managing Director of Rajkrupa Textiles (India) Private Limited, with over two decades in the textile and apparel industry, and holds BSc and MSc degrees in Textiles from North Carolina State University, USA.

How to read it

This is a continuity-focused outcome: the founding family retains executive leadership for another five years, while the board adds a strategic investor nominee and an independent voice. All directors named are affirmed as not debarred from holding office by any SEBI or other order.

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