Shekhawati Industries Limited accepted the resignation of Independent Director Sushil Kumar Poddar effective June 22, 2026, due to personal considerations. The board has reconstituted all its committees following the change in composition. Poddar cited difficulties in discharging his duties effectively as the reason for his departure.

The Board of Directors and management expressed their appreciation for Poddar's contributions during his tenure. Consequently, the board has updated the structure of its committees to reflect the cessation of the director.

Poddar ceased to be the chairman of four key committees: the Audit Committee, Stakeholder Relationship Committee, Nomination and Remuneration Committee, and Corporate Social Responsibility Committee. The company disclosed these details in a filing submitted to the exchanges.

The resignation was submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The director confirmed there were no material reasons for his resignation other than the personal considerations stated.

Details of Cessation

Board Committee Updates

Shekhawati Industries Limited concluded its 35th Annual General Meeting on June 17, 2026, approving the audited financial statements for the year ended March 31, 2026, and authorising an increase in the company's share capital. The meeting, held via video conferencing, saw the re-appointment of a director and the ratification of auditor remuneration for the upcoming financial year.

The meeting was chaired by Mr. Mukesh Ramniranjan Ruia, Chairman & Managing Director, and attended by members of the Board, including Mrs. Kalpana Mukesh Ruia and Mr. Ravi Jogi. Statutory auditors from SGCO & Co. LLP and scrutinizer Dipesh Gosar & Co. were also present. The proceedings complied with regulations issued by the Ministry of Corporate Affairs and SEBI.

Shareholders voted on seven resolutions, including the adoption of financial results and the re-appointment of Mr. Ravi Sanjay Jogi as Director. A special resolution was passed to amend the main object clause of the Memorandum of Association and to approve transactions under Section 185 of the Companies Act, 2013.

The company sought approval to increase its authorised share capital and alter the capital clause of its Memorandum of Association. Additionally, shareholders sanctioned material related party transactions with M/s. Vinayak Clothings Private Limited through a special resolution.

Remote e-voting was administered by the National Securities Depository Limited from June 14, 2026, to June 16, 2026. The facility for voting during the meeting was extended to members who had not cast their votes remotely. The scrutinizers' report will be disclosed on the company's website and stock exchanges within two working days.

Resolutions Passed at the 35th AGM