Members approve appointment of Managing Director, Whole Time Director; Woman Independent Director re-appointed

Members of the company, at the 38th Annual General Meeting held on Wednesday, 30th September, 2026, approved three changes in the directorate.

Thu 1 Oct 2026

AGM

38th Annual General Meeting held on Wednesday, 30th September, 2026

Managing Director Appointment

Shri Rahul Vijay Bankda — appointed as a Director and further designated as the Managing Director, with effect from August 12, 2026

Whole Time Director Appointment

Smt. Rinki Ankit Bankda — appointed as a Director and further designated as the Whole Time Director, with effect from August 12, 2026

Woman Independent Director Re-appointment

Smt. Ruchi Jindal — re-appointed as a Woman Independent Director for a second term of five consecutive years, with effect from June 28, 2027

Directorate Changes

approved three changes in the directorate

The company informed the stock exchanges of the outcome of its 38th Annual General Meeting, where members approved changes in the directorate. The disclosure was made under Regulation 30 of the SEBI (LODR) Regulations, 2015 read with sub-clause 7 of Para A of Part A of Schedule III.

What members approved

• Appointment of Shri Rahul Vijay Bankda as a Director and further designated as the Managing Director of the company, with effect from August 12, 2026.
• Appointment of Smt. Rinki Ankit Bankda as a Director and further designated as the Whole Time Director of the company, with effect from August 12, 2026.
• Re-appointment of Smt. Ruchi Jindal as a Woman Independent Director for a second term of five consecutive years, with effect from June 28, 2027, up to 27th June, 2032.

Who the appointees are

• Shri Rahul Vijay Bankda is a Post Graduate in Commerce and a member of the Promoter Group. He has over 23 years of experience across various functional areas of business operations. The update states his appointment as Managing Director would be in the best interest of the organisation and that he is expected to play a pivotal role in enhancing the company's performance and supporting its long-term growth and sustainability. He is the son of Shri Vijay Shankarlal Bankda, past Managing Director of the company.
• Smt. Rinki Ankit Bankda is a Post Graduate in Commerce with over 13 years of experience across various functional areas of business operations. The update states her appointment as Whole-Time Director would be in the best interest of the organisation and that she is expected to play a pivotal role in enhancing the company's performance and supporting its long-term growth and sustainability. She is the spouse of Shri Ankit Kedarmal Bankda, who is the current Chairman and Whole-Time Director of the company.
• Smt. Ruchi Jindal is a Chartered Accountant with more than 13 years of experience in the field of Finance and Accounts. She is not related to any other Director of the company.

Points a retail investor may note

• Two of the three appointees are related to promoter family members: one is the son of a past Managing Director and the other is the spouse of the current Chairman and Whole-Time Director. The re-appointed Woman Independent Director is unrelated to any other Director.
• The Managing Director and the Whole Time Director appointments take effect from August 12, 2026, and members confirmed them at the AGM held on 30th September, 2026.
• The Woman Independent Director's second term runs for five consecutive years, from 28th June, 2027 to 27th June, 2032.
• The company stated that none of the directors being appointed is debarred from holding the office of director by virtue of any SEBI order or any other such authority.
• The company also stated that it is in the process of update the corporate announcement in the XBRL format within the stipulated time.

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