Indo Gulf Industries accepted the resignation of Gaurav Kumar as Managing Director effective August 30, 2026. Kumar cited unavoidable circumstances for his departure from the role he has held since March 14, 2022.

The company disclosed the change in board composition under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation letter was received by the company on August 31, 2026.

Board Composition Change

Kumar’s departure marks the end of his tenure which began nearly four years ago. The disclosure notes that he holds no other directorships in listed entities and has no disclosed relationships with other directors.

The company stated that Kumar will extend full cooperation to ensure a smooth transition of responsibilities.

Indo Gulf Industries has appointed Arjun Singh Bhandari as Additional Executive Director effective July 17, 2026, to strengthen its strategic leadership and business development initiatives. The Board of Directors approved the appointment based on the recommendation of the Nomination and Remuneration Committee. Bhandari will oversee the company's strategic direction, ensuring sustainable growth and long-term value creation for stakeholders.

The appointment is subject to shareholder approval and will be placed before members at the ensuing Annual General Meeting for FY 2025-26. Until then, Bhandari will hold the office of Director. His term commences from July 17, 2026, and will continue until the date of his resignation or retirement, whichever is earlier.

Arjun Singh Bhandari brings technical expertise and a track record of driving business growth, operational excellence, and strategic innovation. The company highlighted his collaborative leadership style and data-driven decision-making as key assets that will benefit clients, shareholders, and employees. He currently does not hold directorships in any other listed entities and has no disclosed relationships with other directors of the company.

The disclosure confirms that Bhandari is not debarred from accessing capital markets or restrained from holding the office of director by any order of SEBI or other authorities. The regulatory filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details