Rudra Ecovation has restructured its board of directors, appointing Inderpreet Singh and Rahul Kapoor as additional directors while accepting the resignation of Executive Director and CEO Akhilesh Kumar Tiwari. The changes were approved at a board meeting held on September 2, 2026, in Ludhiana.

The company also re-appointed Gian Chand Thakur as Whole Time Director for a further five-year term effective from October 1, 2026. All appointments are subject to shareholder approval at the ensuing Annual General Meeting.

Board Changes

The key personnel changes approved by the board include:

Mr. Singh brings an MBA with specialisation in marketing and experience in marketing and law. Mr. Kapoor is a graduate with experience in production and finance. Mr. Thakur, who holds over 33 years of experience in the textile industry, continues to oversee end-to-end operations including production planning and quality control.

Resignation Details

Akhilesh Kumar Tiwari resigned citing personal and unavoidable circumstances. The company confirmed there were no other material reasons for his departure other than those stated in his resignation letter. Mr. Tiwari also stepped down as a member of the Banking and Finance Committee. He does not hold directorships in any other listed entities.

Regulatory Compliance

The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company affirmed that all appointed directors are not debarred by SEBI or any other authority and have not been convicted of any offence related to company management or fraud in the last five years.

The National Company Law Tribunal (NCLT) Chandigarh Bench has reserved its order regarding the proposed scheme of amalgamation involving Rudra Ecovation Limited and Shiva Texfabs Limited.

The tribunal concluded proceedings on the matter and indicated that the final order will be pronounced at a future date. The scheme involves the merger of Rudra Ecovation, designated as the transferor company, with Shiva Texfabs, the transferee company, along with their respective shareholders and creditors.

Rudra Ecovation Limited disclosed the development in a filing with the Bombay Stock Exchange (BSE) on August 22, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Next Steps

The company stated it will intimate the stock exchanges immediately upon receipt or pronouncement of the order by the NCLT. Any further information required under the applicable provisions of the SEBI Listing Regulations will also be provided at that time.

Rudra Ecovation Limited, formerly known as Himachal Fibres Limited, is headquartered in Barotiwala, Himachal Pradesh, with its corporate office in Ludhiana, Punjab.