Indus Aluminium Recyclers Limited Announces Key Management Personnel Changes

Indus Aluminium Recyclers Limited (formerly known as Containerway International Limited) has announced key changes in its management team, with the resignation of its Company Secretary and the appointment of a new replacement on the same day. The company communicated these developments to the stock exchange under regulatory compliance requirements on April 03, 2026.

Key Management Personnel Changes

The company has reported two significant personnel changes effective April 03, 2026. Mr. Abhishek Khursija tendered his resignation as Company Secretary and Compliance Officer, citing his intention to pursue opportunities outside the organization. The resignation became effective from the closure of business hours on April 03, 2026.

Change Type:	Details
Outgoing Officer:	Mr. Abhishek Khursija
Position:	Company Secretary & Compliance Officer
Effective Date:	April 03, 2026 (closure of business hours)
Reason:	To pursue opportunities outside the organization
Incoming Officer:	Ms. Margi Nileshkumar Shah
Appointment Date:	April 03, 2026
Employment Type:	Full Time Employment

New Appointee Profile

Ms. Margi Nileshkumar Shah brings substantial expertise to her new role as Company Secretary and Compliance Officer. She is a qualified Company Secretary with extensive professional experience across diverse corporate entities in various sectors. Her expertise encompasses:

Strong knowledge of Company Law and SEBI Regulations
Corporate governance practices
Regulatory compliances and secretarial functions
Experience with Registrar of Companies (ROC) matters
Stock exchange operations including NSE and BSE
Statutory filings and board compliances
Listing regulations and corporate restructuring
Regulatory reporting requirements

Regulatory Compliance

The company fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was submitted to BSE Limited, where the company trades under scrip code 540597. The board meeting to formalize these changes was conducted on April 03, 2026, commencing at 06:30 P.M. and concluding at 07:00 P.M.

Resignation Confirmation

In his resignation letter dated April 03, 2026, Mr. Abhishek Khursija confirmed that there were no material reasons for his departure beyond those stated. He acknowledged receiving all dues from the company and expressed gratitude to the board members for their cooperation during his tenure. The resignation was formally accepted by Managing Director Sanket Sanjay Deora on behalf of the company.

The seamless transition ensures continuity in the company's secretarial and compliance functions, with Ms. Shah's appointment taking effect immediately upon Mr. Khursija's departure.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.51%	0.0%	+0.50%	-41.11%	-64.72%	+424.59%

Indus Aluminium Recyclers Limited (formerly Containerway International Limited) has announced comprehensive changes to its board composition following a board meeting held on March 25th, 2026. The meeting, which commenced at 03:30 P.M and concluded at 04:00 P.M, resulted in the appointment of three additional directors and the resignation of a key executive from multiple positions.

Board Meeting Outcomes and New Appointments

The board meeting approved three strategic appointments to strengthen the company's leadership structure:

Position:	Name	DIN	Term/Details
Additional Non-Executive Independent Director	Pankeet Pankajkumar Aundhiya	11191419	5 years
Additional Non-Executive Director & CFO	Kunal Arora	10681917	Subject to approval
Additional Non-Executive Director	Vansh Arora	10340704	Subject to approval

All appointments are effective from March 25th, 2026, and require shareholder approval. The company has confirmed that these directors are not related to the promoters or promoter group and are not debarred from holding directorial positions by SEBI or other authorities.

Key Executive Departure

Sanjay Vimalchand Deora has resigned from two critical positions within the company:

Position:	Details
Non-Executive Director (DIN: 01010427)	Effective from close of business hours on March 25th, 2026
Chief Financial Officer and KMP	Same effective date
Reason	Pre-occupation and other personal commitments
Resignation Date	March 25th, 2026

Deora's resignation letters were received by the company on March 25th, 2026, and he confirmed that all his dues have been cleared by the company.

Director Profiles and Qualifications

Pankeet Pankajkumar Aundhiya brings legal expertise with B.A. LLB and LLM degrees from National University of Singapore. He is an advocate at Gujarat High Court with over 10 years of experience and fulfills the independence criteria under the Companies Act, 2013.

Kunal Arora holds a BBA degree and brings business experience from the manufacturing sector, particularly in the aluminium wire industry. He will serve dual roles as director and Chief Financial Officer.

Vansh Arora contributes business experience in trading and manufacturing within the polymers and metal wire industry, adding sector-specific expertise to the board.

Regulatory Compliance and Documentation

The board changes have been communicated to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive disclosure information as required under Schedule III of the listing regulations and SEBI Master Circular bearing Ref. No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The independent directors fulfill the criteria of independence as mandated under the Companies Act, 2013, and the listing regulations. All directorial appointments will require formal approval from shareholders of the company. The managing director, Sanket Sanjay Deora (DIN: 01417446), has digitally signed the regulatory filings confirming these changes.