Clara Industries Limited members approved the re-appointment of Parry Kukreja as Managing Director for a term of 5 years effective September 29, 2026. The decision was taken at the company's 5th Annual General Meeting held on the same date.

The re-appointment follows recommendations from the Nomination and Remuneration Committee and the Board of Directors. This action complies with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Profile and Compliance Details

Ms. Kukreja brings extensive experience in executive leadership and corporate management to the role. The company stated that under her guidance, it continues to execute operational strategies and business development initiatives. She fulfills all criteria for appointment as prescribed under Sections 196, 197, and 203 read with Schedule V of the Companies Act, 2013.

The disclosure confirms that Ms. Kukreja is not debarred from holding the office of director by any SEBI order or other authority. Additionally, she is related to Mr. Nikhil Kukreja, who serves as a Director in the company.

Key Appointment Terms

The filing was signed by Director Nikhil Kukreja on September 03, 2026, from Saharanpur. The intimation was submitted to BSE Limited under the relevant SEBI Master Circular dated November 11, 2024.

Clara Industries Limited shareholders unanimously approved all five resolutions passed at its 5th Annual General Meeting (AGM) held on September 29, 2026. The voting results, disclosed under SEBI Listing Regulations, show 100% support for the adoption of FY26 financials and key board appointments.

The meeting, conducted via poll as per Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, saw a total of 12 members present in person. The scrutinizer’s report confirmed that no votes were cast against any resolution, and there were no invalid or rejected votes.

Unanimous approval for board changes

The shareholders ratified the appointment of Ms. Geeta Rani as a Non-Executive Independent Director and Ms. Noor Kukreja as Non-Executive Director and Chairperson. Both appointments received 1,07,78,650 votes in favor, representing 100% of the total valid votes cast. The re-appointment of Ms. Parry Kukreja as Managing Director also secured unanimous consent.

Auditor re-appointment details

The shareholders approved the re-appointment of M/s Jay Gupta and Associates, Chartered Accountants (Firm Registration No. 329001E), as the Statutory Auditors of the company. The firm has been re-appointed to hold office for a term of five consecutive financial years, commencing from FY27 and ending with FY31. The remuneration for this tenure will be determined by the Board of Directors in consultation with the auditors.

Headquartered in Kolkata, M/s Jay Gupta and Associates is registered with the Institute of Chartered Accountants of India (ICAI) and holds a valid Peer Review Certificate. The firm offers services including Statutory Audits, Internal Audits, Taxation, Due Diligence, and Corporate Advisory.

Profile of new director

Ms. Geeta Rani brings over 8 years of professional experience as an Advocate. Her expertise covers litigation, legal advisory, regulatory compliance, and social justice initiatives. The company stated that her professional acumen will add significant value to the Board and strengthen the governance framework. She is not related to any other Directors of the company and has not been debarred from holding office by SEBI or any other authority.

Governance and compliance details

The company confirmed that reports from the Statutory Auditors and Secretarial Auditors contained no qualifications, reservations, adverse remarks, or disclaimers. Consequently, these reports were not read out during the meeting. M/s. Verma Ashish & Co., Practising Company Secretaries, served as Scrutinizers to ensure fair voting through polling papers.

The voting process was conducted physically from 4:00 pm to 5:30 pm on September 29, 2026. The Company Secretary & Compliance Officer, Pooja, confirmed that the results along with the Scrutiniser's Report dated October 1, 2026, are available on the company's website and have been communicated to BSE Limited.