Rex Pipes & Cables Industries Limited has approved the regularisation of Varun Kacholia as an Additional Director (Non-Executive Independent Director) effective January 30, 2026, subject to shareholder approval. The decision was taken by the Board of Directors during its meeting held on July 21, 2026. The move aims to formalise the position of Kacholia, who has been serving in the capacity, pending ratification by the company's shareholders in the ensuing Annual General Meeting.

The disclosure was made to the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company cited the need to comply with regulatory frameworks, including Schedule III of the LODR Regulations and a specific SEBI Master Circular dated January 30, 2026.

Varun Kacholia is an Investment Banker with over 17 years of post-qualification experience. His expertise spans due diligence, execution of public issues, business restructuring, and corporate advisory, ensuring compliance with SEBI regulations and other applicable corporate laws.

Professional Background

Kacholia's professional achievements include advisory roles for several public listings. He provided listing advisory on BSE and NSE for Venus Pipes & Tubes Limited, which was awarded the Fastest Subscribed IPO in India by the Golden Book of World Records. He also advised JNK India Limited, notable for establishing India's first Hydrogen Fuel Station as a pilot project in association with a Government of India PSU.

Other significant assignments include listing advisory for Denta Water and Infra Solutions Limited and valuation assignments for major entities such as Staples India Limited, Glint Infra Projects, Sutlej Industries Limited, and AGC Networks Limited. He has also worked with Chalet Hotels, VLCC India Limited, Elpro International Limited, SMC Global, Embibe (Reliance Jio Group), Medikabazdar, and Godrej Meximilk (Godrej Group).

Director Details

The company disclosed that there are no specific relationships between directors that require disclosure in this instance.

rex pipes & cables has confirmed that no encumbrance was created on shares held by its promoters and promoter group during the financial year ending March 31, 2026. The disclosure, submitted to the National Stock Exchange of India Limited, confirms that the shares of Rex Pipes and Cables Industries Limited remain free of any direct or indirect charges. This compliance provides assurance to shareholders regarding the unencumbered status of the promoter holdings.

The declaration was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company circulated the annual declaration received from the Promoter and Promoter Group to the members of the Audit Committee to ensure full regulatory compliance. The submission was formally communicated by Monika Bohara, Company Secretary, on April 1, 2026.

The declaration covers a total of ten entities falling under the categories of Promoter and Promoter Group. The list includes key management personnel and family members associated with the company.

Sharwan Kumar Kaler, Managing Director, signed the declaration on behalf of the Promoter and Promoter Group on April 6, 2026. The filing explicitly states that the disclosure submitted is true and correct to the best of their knowledge.