Galaxy Agrico Exports Ltd has proposed the appointment of Mrs. Bhavna Aswani and Mr. Mukesh Jitu Yadav as Independent Directors to its board. The company intends to pass resolutions regarding these appointments in an upcoming board meeting. The move is aimed at strengthening the company's governance structure with expertise in finance, accounts, and trading operations.

Mrs. Bhavna Aswani has been proposed for the role of Women Non-executive Independent Director. She brings five years of experience in finance, accounts, and corporate management, with a focus on regulatory frameworks and financial planning. Mr. Mukesh Jitu Yadav has been proposed as a Non-executive Independent Director, bringing over five years of experience in the trading industry, specifically in commercial operations and supply chain management.

The appointments are classified as Additional Non-executive Independent Director roles and are subject to the approval of shareholders at the next General Meeting. The disclosures were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Director Profiles

The following table outlines the brief profiles of the proposed directors:

Regulatory Disclosures

The company confirmed that neither Mrs. Bhavna Aswani nor Mr. Mukesh Jitu Yadav is related to any of the existing directors of the company. The intimation was submitted to BSE Limited on June 30, 2026, by Prashant Sudhir Khairnar, Director of Galaxy Agrico Exports Ltd.

Galaxy Agrico Exports Ltd has withdrawn its proposal to appoint Mr. Aayush Shah and Mr. Ankitkumar Surendrakumar Agrawal as Non-executive Independent Directors. The company disclosed in a filing to BSE Limited on June 29, 2026, that the earlier intimation regarding these appointments stands withdrawn. This decision impacts the company's governance framework as the Board will not proceed with the inductions of the proposed candidates.

The withdrawal follows the company's failure to receive the requisite consent to act as Directors, declarations of independence, disclosures of interest, and other necessary documents from the nominees. These documents are mandatory under the provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Consequently, the proposed appointments were not considered or approved by the Board.

The initial proposal had aimed to strengthen the board with professionals possessing expertise in corporate law and compliance. Mr. Aayush Shah was noted for his nine years of experience as a Company Secretary, while Mr. Ankitkumar Surendrakumar Agrawal brought over seven years of experience in regulatory liaison. The company confirmed that the intimation submitted earlier on June 29, 2026, is now rescinded.

Status of Proposed Appointments