Indo Amines appoints Rahul Chitnis as Additional Independent Director for 1 year

Indo Amines Ltd has strengthened its board governance by appointing Mr. Rahul Chitnis as an Additional Independent Director for a one-year term effective July 15, 2026. The appointment, subject to shareholder approval, was approved by the Board of Directors via a circular resolution on July 11, 2026, based on the recommendation of the Nomination and Remuneration Committee. This strategic move aims to leverage Mr. Chitnis's extensive legal expertise to guide the company's corporate governance and compliance frameworks.

Mr. Rahul Chitnis is a distinguished legal professional with over three decades of experience in constitutional, commercial, corporate, arbitration, intellectual property, banking, and criminal law. He is currently a Partner at Chitnis Desai LLP and has served as A-2 Panel Counsel as well as In-Charge Chief Standing Counsel for the State of Maharashtra before the Supreme Court of India. An alumnus of Government Law College, Mumbai, and King's College London, he has represented clients in several landmark matters before the Supreme Court of India, the Bombay High Court, and various arbitral tribunals.

The appointment follows the disclosure requirements specified in the SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company has confirmed that Mr. Chitnis is not related to any of the Directors, Key Managerial Personnel, Promoters, or Promoter Group of the company. Furthermore, he is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority, as per the disclosures required pursuant to BSE and NSE circulars dated June 20, 2018.

Details of Appointment

The table below outlines the key details regarding the new director's appointment:

No.	Particulars	Details
1.	Name of Director	Mr. Rahul Chitnis (DIN: 06634770)
2.	Designation	Additional (Independent) Director
3.	Term of Appointment	1 year (July 15, 2026 to July 14, 2027)
4.	Effective Date	July 15, 2026
5.	Shareholder Approval	Required

Mr. Chitnis has been serving as an arbitrator in commercial disputes since 2003 and has contributed to legal education as a Visiting Faculty at Jindal Global Law School. His extensive expertise, combined with his experience in high-profile litigation and arbitration, establishes him as a leading legal practitioner in India. The filing was submitted to the National Stock Exchange of India Ltd. and BSE Limited on July 11, 2026, by Tripti Sawant, Company Secretary & Compliance Officer of Indo Amines Ltd .

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.12%	-3.79%	-5.04%	+1.75%	-23.72%	+12.32%

Promoters of Indo Amines Limited have confirmed that no new encumbrances were created on the equity shares held by them or other promoter group members during the financial year ended March 31, 2026. This declaration ensures that the pledged shareholding status remains unchanged, barring previously disclosed liabilities, which is crucial for assessing the promoters' financial commitment and risk exposure.

In separate filings submitted to BSE Limited and National Stock Exchange of India Limited, the promoters disclosed their shareholding details under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Rahul Vijay Palkar declared a holding of 7,10,108 equity shares, representing 0.98% of the company's share capital as of March 31, 2026. Additionally, Vijay B Palkar stated that he holds 75,19,168 equity shares, constituting 10.36% of the company's share capital as of the same date. Atul Vijay Palkar declared a holding of 3,30,478 equity shares, representing 0.46% of the share capital.

The filings further detailed the shareholding of other members of the promoter group, confirming zero encumbrances on their holdings as well. The data provided in the declaration highlights the stability in the ownership structure regarding pledged shares for the period under review.

Shareholding and Encumbrance Details

The following table outlines the shareholding details of the promoter group members as of March 31, 2026:

Sr. No.	Names of Promoters and Promoters Group	Category	No. of Shares
1.	Arun B Palkar	Promoter Group	16100
2.	Dr. Prabhat Abhyankar	Promoter Group	20740
3.	Tejaswini Dalvi	Promoter Group	0
4.	Tanay Atul Palkar	Promoter Group	0
5.	Shanaya Rahul Palkar	Promoter Group	0
6.	Aarya Rahul Palkar	Promoter Group	0

The declarations were signed digitally by Vijay Bhalchandra Palkar on April 4, 2026, by Atul Vijay Palkar on April 6, 2026, and by Rahul Vijay Palkar on April 6, 2026, on behalf of all promoters and members of the promoter group.