Two independent directors appointed, Chairman Vivek Dhariwal resigns

Board changes: Mr. Aashish Mehra and Mr. Soni Saran Singh appointed Additional Directors/Independent Directors for 5 consecutive years from October 12, 2026, subject to shareholder approval.

Mon 12 Oct 2026

New Independent Directors

Mr. Aashish Mehra and Mr. Soni Saran Singh

Appointment Term

5 consecutive years from October 12, 2026, subject to shareholder approval

Resignation

Mr. Vivek Dhariwal resigned as Independent Director and Chairman with effect from October 12, 2026

What the company has informed the exchanges

Windlas Biotech has intimated changes in the composition of its Board of Directors. The Board of Directors, by its resolution dated October 12, 2026, approved the changes set out below.

The two new Independent Directors

• Mr. Aashish Mehra (DIN: 03142813) has been appointed as an Additional Director / Independent Director with effect from October 12, 2026, for a period of 5 consecutive years, based on the recommendation of the Nomination & Remuneration Committee and subject to the approval of shareholders.
• He holds a B.Tech. degree in Manufacturing Science and Engineering from IIT, Delhi and a P.G. Diploma in Computer-Aided Management from IIM, Calcutta, and brings over two decades of strategy, consulting and business leadership experience, with particularly deep exposure to the pharmaceutical and life sciences industry.
• Mr. Soni Saran Singh (DIN: 01125022) has been appointed as an Additional Director / Independent Director with effect from October 12, 2026, for a period of 5 consecutive years, again on the recommendation of the Nomination & Remuneration Committee and subject to shareholder approval.
• He holds a B.Sc. degree in Mechanical Engineering from The Aligarh Muslim University and a P.G. Diploma in Marketing Management from the Institute of Marketing & Management, New Delhi. He is described as an entrepreneur and business leader with over three decades of experience in the electronics manufacturing and technology sectors, and is the Founder, Managing Director & CEO of NMTronics India Pvt. Limited and its affiliated entities across India, Singapore and the UAE.
• For both appointments the disclosure records the relationship as Independent, and both individuals are stated not to be debarred from holding the office of director by virtue of any SEBI order or any other such authority.

The resignation

• Mr. Vivek Dhariwal (DIN: 02826679) has tendered his resignation as an Independent Director of the company with effect from close of business hours on October 12, 2026, citing personal reasons and prior commitments.
• As a result, he also ceases to be the Chairman of the Board and a Member of the Nomination and Remuneration Committee and the Corporate Social Responsibility Committee.
• In his resignation letter he states that the reason given is the only reason and that there are no other material reasons for his resignation. He thanked the Board and committee members for their support during his tenure.

How a retail investor can read this

• This is a change in who sits on the Board. Two new Independent Directors join for a 5-year term, and one Independent Director, who was also the Chairman, steps down the same day.
• The two appointments take effect from October 12, 2026 but are subject to the approval of shareholders, so shareholders will have a say in confirming them.
• A Chairman's exit can draw attention, but the update attributes it to personal reasons and prior commitments, and the resignation letter confirms there are no other material reasons stated for it.
• The two incoming directors bring experience from the pharmaceutical, life sciences, electronics manufacturing and technology sectors. Board composition and committee membership are governance matters that investors generally track, since the Nomination and Remuneration Committee and the Corporate Social Responsibility Committee membership also changes with this resignation.

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