Shareholders approve appointment of 6 directors at 3rd AGM

Amit Suresh Ninawe – Executive Director (also CFO), 5 years from June 06, 2026.

Tue 29 Sep 2026

AGM Date

September 28, 2026

Executive Directors Appointed

Amit Suresh Ninawe (CFO), Lalit Naresh Nagdev (CEO)

Executive Director Term

5 years from June 06, 2026

Independent Directors Appointed

Gaurav Patel, Manish Tarachand Pandey

Independent Director Term

5 years from June 30, 2026

What happened

At the 3rd Annual General Meeting held on September 28, 2026 at 02:30 PM, shareholders approved the regularisation of six additional directors as directors of the company.

Executive Directors

• Amit Suresh Ninawe – Executive Director with effect from June 06, 2026 for a term of five (5) years ending June 05, 2031, liable to retire by rotation. He is also Chief Financial Officer from June 30, 2026. A Chartered Accountant with over 13 years of experience in finance, accounting, taxation, audit, banking and project finance; earlier Senior Credit Manager at ICICI Bank Ltd.
• Lalit Naresh Nagdev – Executive Director with effect from June 06, 2026 for five (5) years ending June 05, 2031, liable to retire by rotation. He is also Chief Executive Officer from June 30, 2026. A Chartered Accountant with over 9 years of experience across India and international markets including the UAE; earlier with Axis Bank Ltd. in SME Credit.

Non-Executive Non-Independent Directors

• Chandraprakash Wadhwani – appointed from June 30, 2026, not liable to retire by rotation. He is Chairperson and a Promoter of the company. A Dubai-based NRI entrepreneur associated with the Farmico Group, with over two decades of business experience across agro commodities, cold storage, logistics, commodity trading, biofuels, real estate and precious metals.
• Neha Hardeepsingh Narang – Woman Director (Professional category) from June 30, 2026, liable to retire by rotation. Over two decades in Human Resources and Talent Acquisition; currently Head – HR & Talent Acquisition at the Farmico Group of Companies.

Independent Directors

• Gaurav Patel – first term of five (5) years from June 30, 2026 to June 29, 2031, not liable to retire by rotation. Fellow Chartered Accountant and Certified Information Systems Auditor with over 13 years in governance, financial advisory, risk management and compliance; Senior Partner at GCV & Associates LLP.
• Manish Tarachand Pandey – first term of five (5) years from June 30, 2026 to June 29, 2031, not liable to retire by rotation. Company Secretary and Compliance Officer at Jinkushal Industries Limited; also an Independent Director at Nirmitee Robotics India Limited, Shreeshay Engineers Limited, SP Refractories Limited, Shivam Chemicals Limited and Delaplex Limited.

Points to note

• None of the appointees is debarred from holding office of director by any SEBI order or other authority.
• Except Mr Wadhwani, who is a Promoter, the directors are stated to be unrelated to other directors, KMP or the promoter group.
• The update notes that day-to-day operations, statutory compliances and financial management are handled by the executive leadership and professional management team, while the Chairperson provides strategic leadership and governance oversight.

This is a shareholder ratification of board appointments that had already taken effect earlier in 2026; it formalises the board structure rather than changing business operations.

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