Prag Bosimi Synthetics Ltd. has appointed Shri Hivare Nisarg Gautam, IAS, as the Director and Chairman of its Board. The appointment is effective from May 19, 2026, pursuant to a notification issued by the Government of Assam, Industries, Commerce & Public Enterprise Department. The government notification, referenced as eCF No. 780232/12, states that the appointment is made in the interest of public service and in view of Gautam taking over the charge of Managing Director at Assam Industrial Development Corporation (AIDC) Ltd. on March 14, 2026.

Shri Hivare Nisarg Gautam replaces Shri Megha Nidhi Dahal, IAS, who previously held the position. The appointment is valid with immediate effect and will remain in force until further orders. The communication regarding this change was formally forwarded by AIDC Ltd., a Government of Assam undertaking, to the Managing Director of Prag Bosimi Synthetics Ltd.

Board Composition Changes

The Government of Assam's notification outlines several directorial changes across various state-run entities. The table below details the specific appointments made alongside the change at Prag Bosimi Synthetics Ltd.

Regulatory Compliance

The company has received the necessary disclosures from the newly appointed Chairman. Shri Hivare Nisarg Gautam has submitted Form MBP-1, declaring his interest in other entities. He currently serves as the Managing Director of Assam Urban Infrastructure and Development & Finance Corporation Ltd., a position he held from February 2, 2026. His Director Identification Number (DIN) is 11627002.

AIDC Ltd. noted that Form DIR-12 regarding his appointment as Managing Director of AIDC Ltd. has not yet been filed with the Ministry of Corporate Affairs (MCA). This filing is scheduled to take place after the next Board Meeting of AIDC Ltd. Prag Bosimi Synthetics Ltd. has been requested to take necessary action to formalize the appointment, including the filing of requisite forms with the Registrar of Companies (ROC).

Director Profile

Shri Hivare Nisarg Gautam is an IAS officer of the 2015 batch. He holds a B Tech degree from IIT. Currently, he serves as Secretary at Assam in the Chief Minister Office (CMO) since March 13, 2026. His previous roles include Secretary and District Commissioner. He is actively serving in the IAS. Mr. Gautam has held various significant positions throughout his career, contributing to public administration and governance.

Prag Bosimi Synthetics Limited has announced that its board of directors will meet on Friday, May 29, 2026. The meeting is scheduled to take place at the company's corporate office located in Mumbai. The primary agenda for the gathering involves the consideration and approval of the company's financial performance for the recent period.

Agenda for the Meeting

The board will deliberate on the audited standalone and consolidated financial results of the company. This includes the financial outcomes for the quarter and the financial year ended on March 31, 2026. Additionally, the directors will review the statements of assets and liabilities as well as the cash flow statement corresponding to the same date.

Financial Statements Approval

Apart from the quarterly results, the board is set to consider and approve the audited standalone and consolidated financial statements for the full financial year ended March 31, 2026. The approval of these documents is a standard regulatory requirement following the conclusion of the fiscal year.

The meeting notice was intimated to the stock exchanges on May 21, 2026, under the provisions of Regulation 29 of the SEBI LODR Regulations, 2015. Any other matters with the permission of the Chairman may also be taken up during the session.