Members approve 3 new Independent Directors; MD, Chairman and 4 Whole Time Directors re-appointed
3 new Non-executive Independent Directors — Ms. Bhagya M.G., Mr. A. Harsha and Mr. Mizar Udaya Bhandary — for a first term of 3 years (26 Sep 2026 to 25 Sep 2029).
- New Independent Directors
- Ms. Bhagya M.G., Mr. A. Harsha, Mr. Mizar Udaya Bhandary — 3-year term (26 Sep 2026 to 25 Sep 2029)
- Whole Time Directors Re-appointed
- Mr. Khasim Sait, Mr. Nuumaan Khasim, Mr. Afzal Hussain, Mr. Syed Azeem — 2-year term (2 Nov 2026 to 1 Nov 2028)
- Managing Director Re-appointed
- Mr. Mohammad Arif Abdul Gaffar Dor — 2-year term (02.11.2026 to 01.11.2028)
- Executive Director & Chairman Re-appointed
- Mr. Hanif Abdul Gaffar Khatri
- AGM Date
- 16th AGM held on 26th September, 2026
What was approved
At the 16th Annual General Meeting held on Saturday, 26th September, 2026, members approved, based on voting results, a set of board appointments and re-appointments.
New Independent Directors (first term of 3 years, 26 Sep 2026 to 25 Sep 2029)
- Ms. Bhagya M.G. — Non-executive Independent Woman Director, age 53, B.Com, ACS, with over 32 years of experience across corporate governance, strategy, risk management, investor relations, finance and costing. Holds NIL equity shares.
- Mr. A. Harsha — Non-executive Independent Woman Director, age 45, B.Com, FCS, with over 10 years' experience in corporate governance, company law, SEBI and securities laws, listing compliance and capital market compliance. Holds NIL equity shares.
- Mr. Mizar Udaya Bhandary — Non-executive Independent Director, age 55, B.Com, MBA, IICA-qualified, with 30+ years in IT, digital transformation, governance and strategic leadership. Holds NIL equity shares.
Whole Time Directors re-appointed (2 years, 2 Nov 2026 to 1 Nov 2028)
- Mr. Khasim Sait, age 69, on the board since 19/03/2010; holds 9,00,000 equity shares; father of Mr. Afzal Hussain and Mr. Nuumaan Khasim.
- Mr. Nuumaan Khasim, age 39, holds 5,40,000 equity shares.
- Mr. Afzal Hussain, age 40, holds 7,20,000 equity shares.
- Mr. Syed Azeem, age 42, holds 7,20,000 equity shares; also a director in Manzar Experience Curators Private Limited.
Managing Director and Chairman
Mr. Mohammad Arif Abdul Gaffar Dor was re-appointed as Managing Director for 2 years from 02.11.2026 to 01.11.2028. He is 41, a Chemical Engineering graduate with over 16 years in manufacturing and R&D of industrial racking and shelving systems, and holds 13,50,000 equity shares. He is the brother of Mr. Hanif Abdul Gaffar Khatri, who was re-appointed as Executive Director and Chairman.
How to read this
The existing executive team, several of whom are related to each other, continues in place with fresh shareholder-approved terms, providing leadership continuity. The addition of three Independent Directors, including two women directors, expands the independent presence on the board. Each of the new directors is stated to be not debarred from holding office by any SEBI or other authority order.
More numbers
- Independent Directors term3 (Three) year
- Whole Time Directors / MD term2 (Two) year
- Shares held by Mr. Khasim Sait9,00,000/-
- Shares held by Mr. Nuumaan Khasim5,40,000
- Shares held by Mr. Afzal Hussain7,20,000
- Shares held by Mr. Syed Azeem7,20,000
- Shares held by Managing Director13,50,000
- Age of Ms. Bhagya M G53 years
- Age of Ms. A. Harsha45 years
- Age of Mr. Mizar Udaya Bhandary55 years
- Age of Managing Director41 years
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