Shareholders Approve Re-appointment of Five Directors at 20th AGM
At the 20th AGM held on September 28, 2026, shareholders approved by special resolution the re-appointment of five directors.
- AGM Date
- September 28, 2026
- Director Re-appointments Approved
- Vikas Jain (Chairman & MD), Piyush Jain (Joint MD), Meenakshi Anand (Independent Director), Shivi Sabharwal (Independent Director),…
- Term Duration
- 3 years each
- Executive Director Term Effective Date
- November 20, 2026
- Independent Director Term Effective Date
- August 14, 2026
What was announced
The company informed the exchanges that the board-level re-appointments intimated earlier on July 20, 2026 have now been approved by shareholders through special resolutions at the 20th Annual General Meeting held on Monday, September 28, 2026.
Who was re-appointed
- Mr. Vikas Jain (Chairman & Managing Director) for 3 years with effect from November 20, 2026
- Mr. Piyush Jain (Joint Managing Director) for 3 years with effect from November 20, 2026
- Mrs. Meenakshi Anand, Independent Director (Non-Executive), for 3 years with effect from August 14, 2026
- Mrs. Shivi Sabharwal, Independent Director (Non-Executive), for 3 years with effect from August 14, 2026
- Mr. Rajendra Prasad Ritolia, Non-Executive (Non-Independent) Director, for 3 years
How it was confirmed
The approvals were confirmed on the basis of the Scrutinizer's Report dated September 29, 2026 submitted by Mr. Krishna Kumar Singh, Proprietor of M/s. KKS & Associates, scrutinizer for the AGM. The board had recommended these re-appointments at its meeting on July 20, 2026, on the recommendation of the Nomination and Remuneration Committee, subject to shareholder approval.
Background of the executives
Mr. Vikas Jain has been a director since the company's inception, has over 22 years of experience in the field, and holds a Master's in Business Administration from Johnson & Wales University, USA. He focuses on business development, finance, strategic planning, client relationships and administration.
Mr. Piyush Jain joined the board in 2009 and has over 18+ years of experience in the exploration and mining sector, handling operations including procurement and HSE. He is the younger brother of Mr. Vikas Jain.
What it means for investors
This is a continuity event: the existing leadership and board members stay on for fresh three-year terms rather than being replaced. The terms of the two executive directors run from November 20, 2026, following the expiry of their earlier terms on November 19, 2026.
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More numbers
- Term of Vikas Jain as Chairman & MD3 years
- Term of Piyush Jain as Joint MD3 years
- Term of Meenakshi Anand as Independent Director3 years
- Term of Shivi Sabharwal as Independent Director3 years
- Term of Rajendra Prasad Ritolia as Non-Executive Director3 years
- Experience of Vikas Jainover 22 years
- Experience of Piyush Jainover 18+ years
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