Neelkanth Rockminerals Ltd appointed four individuals as Additional Directors during its Board meeting held on October 21, 2026. The appointments include one Whole-time Director and three Non-Executive Directors, marking a significant restructuring of the company's leadership team.

The Board approved the appointment of Swapan Mohit Goli as an Additional Director and Whole-time Director, designated as an Executive Director. His term is for five years from October 21, 2026, subject to shareholder approval. Mahendra Kumar was appointed as an Additional Non-Executive Non-Independent Director.

Two Independent Directors were also added to the Board. Ankur Khedar and Pravita Khandelwal were appointed as Additional Non-Executive Independent Directors. Both appointments are for a period of five years, effective from October 21, 2026, until October 20, 2031, subject to approval by the members of the company.

Committee reconstitution

Following these appointments, the Board reconstituted three key committees to ensure compliance with regulatory requirements. The new compositions are detailed below:

Director profiles

Swapan Mohit Goli holds a Master of Science in Engineering Management from Trine University, USA, and has over five years of experience in strategic management and pharmaceutical manufacturing operations. Mahendra Kumar is a qualified Company Secretary with expertise in corporate governance and regulatory compliance.

Ankur Khedar is a Chartered Accountant and Partner at YKG Corp, specializing in taxation advisory and statutory audits. Pravita Khandelwal is a Company Secretary with over nine years of experience in corporate law and governance, holding an LL.B. and M.Com. degree.

Neelkanth Rockminerals Ltd shareholders approved the reappointment of Noratmal Kawar as Managing Director for a three-year term during the company's 38th Annual General Meeting (AGM) held on September 30, 2026.

The meeting, conducted at the company's registered office in Jodhpur, Rajasthan, commenced at 10:00 am and concluded at 10:55 am. The agenda included the adoption of audited financial statements for FY26 and the retirement by rotation of director Anil Sayarchand Kawar.

Key resolutions passed

Shareholders transacted both ordinary and special business items. The special resolution focused on the continuity of leadership under the current Managing Director.

Managing Director tenure details

The board recommended the reappointment of Noratmal Kawar effective from March 26, 2026, to March 25, 2029. The resolution was passed pursuant to sections 196, 197, and 203 of the Companies Act, 2013.

Key terms of the appointment include:

• Increased remuneration as per the Managing Director Agreement.
• Provision for minimum remuneration via salary and allowances if the company earns inadequate or no profits.
• Exclusion of profit-based commission during loss-making or low-profit years.

Voting results and participation

The voting results indicate unanimous support for all agenda items, with zero votes cast against any resolution. A total of 3,260,790 valid votes were polled across the three resolutions, representing 64.65% of the company's outstanding share capital.

Promoter and promoter group members participated heavily, casting 3,129,951 votes (100% in favour). Public non-institutional shareholders cast 130,839 votes, also unanimously in favour. No institutional investors participated in the voting process.

The scrutiny report was prepared by Ms. Kusum Vyas, proprietor of G. Kusum & Co., who confirmed that remote e-voting facilities provided by Central Depository Services (India) Ltd (CDSL) were utilized alongside physical ballot papers at the venue. The cut-off date for identifying eligible members was September 23, 2026.