NewsOceanic Foods Ltd Re-appoints Abhishek Niraj Nagrecha as Independent Director for Second Term of 5 YearsOceanic Foods Ltd Re-appoints Abhishek Niraj Nagrecha as Independent Director for Second Term of 5 Years
Oceanic Foods Ltd approved the re-appointment of Abhishek Niraj Nagrecha as Independent Director for a second term of five consecutive years at its Board meeting on 07 August 2026. The re-appointment is subject to member approval via Special Resolution at the Annual General Meeting, to be held on or before 30 September 2026. Mr. Nagrecha holds a Commerce degree from Gujarat University and an L.L.B. from Saurashtra University, and is not related to any Director of the company. The disclosure was made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
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Oceanic Foods Ltd has approved the re-appointment of Mr. Abhishek Niraj Nagrecha as an Independent Director of the company for a second term of five consecutive years. The Board of Directors passed this resolution at its meeting held on 07 August 2026, acting on the recommendation of the Nomination and Remuneration Committee. The re-appointment remains subject to approval by the company's members through a Special Resolution.
Board Decision and Regulatory Disclosure
The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The first term of office of Mr. Abhishek Niraj Nagrecha as an Independent Director expired on 07 August 2026. Member approval for the re-appointment will be sought at the ensuing Annual General Meeting of the company, scheduled to be held on or before 30 September 2026.
Director Profile and Appointment Details
The following key details regarding the re-appointment have been disclosed in accordance with Regulation 30 read with Schedule III of the Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/CIR/2023/123 dated July 13, 2023:
| Parameter: | Details |
|---|---|
| Name: | Mr. Abhishek Niraj Nagrecha |
| DIN: | 09200646 |
| Nature of Change: | Re-appointment as Independent Director |
| Term: | Second term of five (5) consecutive years |
| Board Approval Date: | 07 August 2026 |
| Effective Date: | Upon approval of members |
| Member Approval Mechanism: | Special Resolution at AGM |
| AGM Deadline: | On or before 30 September 2026 |
| Educational Qualification: | Commerce Graduate from Gujarat University; L.L.B. from Saurashtra University |
| Relationship with Directors: | Not related to any Director of the Company |
| Debarment Status: | Not debarred from holding office of Director by SEBI or any other authority |
Compliance and Governance
The re-appointment has been carried out in compliance with applicable SEBI regulations and relevant circulars. Mr. Abhishek Niraj Nagrecha is confirmed to not be related to any of the existing Directors of Oceanic Foods, thereby maintaining the independence criteria required for the role. He is also not debarred from holding the office of Director by virtue of any order of the Securities and Exchange Board of India or any other such authority. The disclosure was signed by Ajesh Vinodrai Patel, Managing Director of Oceanic Foods, on 07 August 2026.
Historical Stock Returns for Oceanic Foods
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.79% | +6.51% | +2.92% | -6.71% | -10.14% | -7.00% |
How might the re-appointment of Mr. Nagrecha influence Oceanic Foods' corporate governance strategies and board dynamics over the next five years?
What specific expertise or industry experience does Mr. Nagrecha bring that aligns with Oceanic Foods' current strategic growth objectives?
Are there any potential conflicts of interest or related-party transactions that investors should monitor given his extended tenure on the board?
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