Billwin Industries has appointed Anand Kumar Jha as a Non-Executive Independent Director for a term of five years, effective July 25, 2026. The Board of Directors approved the appointment during a meeting held on July 25, 2026, following a recommendation from the Nomination and Remuneration Committee. This addition to the Board strengthens the company’s governance framework with an executive possessing over eight years of experience in corporate governance and regulatory compliance. The appointment is subject to the approval of the company’s shareholders.

The Board meeting commenced at 6:30 p.m. and concluded at 7:00 p.m. on July 25, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Subrata Dey signed the communication to the Bombay Stock Exchange Limited.

Mr. Jha fulfills the criteria for independence as per the Companies Act, 2013 and the Rules framed thereunder. He is not related to the Promoter or Promoter Group of Billwin Industries. Furthermore, he is not debarred from holding the office of director by virtue of any order passed by the Securities and Exchange Board of India or any other authority, as confirmed by the declaration obtained pursuant to BSE Circular No. LIST/COMP/14/2018-19 dated June 20, 2018.

Appointment Details

Profile and Expertise

Anand Kumar Jha is a qualified Company Secretary (ACS: A68221) holding a Master's degree in Business Law from the National Law School of India University and a Bachelor of Commerce degree. His professional background includes extensive exposure to corporate governance, risk management, mergers and acquisitions, investor relations, and compliance across sectors such as manufacturing, renewable energy, biodiesel, and financial structuring.

During his career, Mr. Jha has been involved in bonus issues, private placements, conversion of private companies into public companies, pre-IPO due diligence, FEMA compliances, secretarial audits, NCLT matters, and corporate restructuring assignments. He brings specific expertise in board advisory, due diligence, capital structuring, IPO readiness, and regulatory compliance.

Regulatory Compliance

The appointment adheres to the provisions of the Companies Act, 2013 and the Listing Regulations. A declaration pursuant to BSE Circular No. LIST/COMP/14/2018-19 and NSE Circular Ref. No. NSE/CML/2018/24, both dated June 20, 2018, confirms that Mr. Jha is not debarred from holding the office of director. There are no disclosed relationships between Mr. Jha and any of the existing Directors or Key Managerial Personnel of Billwin Industries.

Billwin Industries Limited has disclosed a delay in reporting the resignation of Independent Director Mr. Rakesh Gurnomal Rohera, which became effective on March 31, 2026. The company attributed the lapse to an inadvertent error in its internal compliance reporting process, which prevented the submission of the required disclosure to the stock exchanges within the prescribed timeline. The omission was identified during an internal compliance review, prompting the immediate submission of the details to the exchanges.

The company clarified that the delay was neither deliberate nor intended to withhold material information from investors. In a letter to the Bombay Stock Exchange, Billwin Industries expressed regret over the lapse and confirmed that necessary corrective measures have been implemented to strengthen its internal compliance monitoring mechanism. The resignation was initially submitted via email by Mr. Rakesh Gurnomal Rohera on March 31, 2026, citing personal reasons, and was accepted by the Board on the same date.

Separately, the company also announced the resignation of its Chief Financial Officer (CFO) and Key Managerial Personnel, Ms. Janvhi Ajit Tawde. Her resignation is effective June 10, 2026, and was confirmed in a letter dated June 5, 2026. Ms. Tawde stated that she would ensure a smooth transition of responsibilities before her departure.

The cessation of roles for the two executives is detailed below:

The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Following the resignation of Mr. Rakesh Gurnomal Rohera, he has ceased to be a member of the Committees of the Board. The company stated that it will take the necessary steps to update its records with the exchanges.