Anand Projects Limited has changed the designation of Omparkash Verma from Non-Executive, Independent Director to Non-Executive, Non-Independent Director. The Board of Directors approved the change during a meeting held on July 28, 2026, with the new designation effective from the same date. This structural adjustment alters the composition of the Board’s independent member segment.

The company notified the Bombay Stock Exchange Limited of the change pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The designation shift aligns with Section 149(1) of the Companies Act, 2013, read with Rule 3 of the Companies (Appointment and Qualifications of Directors) Rules, 2014. Pranjali Gupta, Company Secretary and Compliance Officer (M.No-A67377), signed the intimation on July 28, 2026.

Board Composition Change

Omparkash Verma, holding DIN 07411027, previously served as a Non-Executive, Independent Director. Under the revised structure, he continues in a non-executive capacity but loses his independent status. This change reduces the count of independent directors on the Board, which may have implications for compliance with mandatory independent director ratios under the Companies Act.

Regulatory Compliance

The intimation was filed with the Corporate Relations Department of the Bombay Stock Exchange Limited, located at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The filing references BSE Scrip Code 501630. The company’s registered office is located at 304, Ajadpura, Lalitpur-284403, Uttar Pradesh, while its Noida office operates from Sector-18, Gautam Budh Nagar. The Corporate Identification Number for Anand Projects Limited is L40109UP1936PLC048200.

Anand Projects Limited has approved the re-appointment of Manish Sharma as an Independent Director and Rajesh Kumar Sharma as a Whole-time Director, ensuring continuity in its leadership structure for the next five years. The Board of Directors made the decisions on July 28, 2026, based on recommendations from the Nomination and Remuneration Committee. Both appointments are subject to shareholder approval at the company’s upcoming Annual General Meeting. The new terms commence on December 23, 2026, and conclude on December 22, 2031.

The move stabilizes the board composition ahead of the current term's expiration. Manish Sharma will serve his second consecutive term as an Independent Director, bringing expertise in finance, accounting, and business management. Rajesh Kumar Sharma will continue as a Whole-time Director under the category of Key Managerial Personnel (KMP), leveraging his extensive experience in finance and indirect taxation since 1986. Neither director is related to existing directors, KMPs, or promoters of the company.

Appointment Details

The Board confirmed that both individuals are not debarred from holding office by SEBI or any other authority. The disclosures comply with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Regulatory Compliance

The intimation was issued under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures also align with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Pranjali Gupta, Company Secretary and Compliance Officer, signed the communication to the Bombay Stock Exchange Limited.

What the Numbers Show

The simultaneous re-appointment of both an Independent Director and a Whole-time Director suggests a strategic focus on governance stability and operational continuity. By securing these positions for a full five-year cycle starting in late 2026, Anand Projects Limited avoids potential leadership vacuums during the transition period, allowing management to focus on long-term strategic initiatives without interim board disruptions.