Shree Hari Chemicals Export Limited approved the re-appointment of Bankesh Chandra Agrawal as Chairman and Managing Director for a three-year term during its Annual General Meeting held on September 24, 2026. The company also ratified the appointments of two Whole Time Directors and introduced Amrut Urkude as a new Independent Director.

The board resolution confirmed Agrawal’s continuation in his leadership role effective November 11, 2026. Additionally, Sarthak Agarwal and Nihit Agarwal were re-appointed as Whole Time Directors for similar three-year terms starting from the same date. These decisions underscore continuity in the company’s operational management structure.

Governance Changes and New Appointments

In a move to strengthen board oversight, Shri Ram Gupta was re-appointed as an Independent Director for a second five-year term effective September 29, 2026. Separately, Amrut Urkude joined the board as an Independent Director for a five-year tenure commencing August 25, 2026. Urkude brings over 30 years of experience in corporate governance and technology oversight.

The following table outlines the specific roles, terms, and effective dates for the directors involved in these resolutions:

Director Profiles and Relationships

Bankesh Chandra Agrawal, aged 74, holds a Bachelor of Commerce and is a qualified Cost and Management Accountant with 49 years of experience in the yarn and chemical industry. Sarthak Agarwal, 34, and Nihit Agarwal, 32, bring 13 and 10 years of experience respectively in the textile and chemical business.

Shri Ram Gupta, 70, is a Chartered Accountant with 44 years of experience in finance and taxation. Amrut Urkude, 54, holds a doctorate in management studies and has extensive experience in large manufacturing environments. The disclosure notes that Agrawal, Sarthak Agarwal, Nihit Agarwal, and Vikas Agarwal are related to each other, while Gupta and Urkude have no relationships with the promoters or other directors.

Shree Hari Chemicals Export Board of Directors approved the reclassification of four promoters from the 'promoter' category to the 'public' category on September 24, 2026. The decision follows a complete exit from shareholding and management roles by the individuals involved.

The request was initially filed on September 19, 2026. Upon receiving board consent, the company will submit an application for no-objection to BSE Limited as required under Regulation 31A of the SEBI Listing Regulations.

Promoters Seeking Reclassification

The following entities and individuals have formally requested the status change:

• Mayank Sohanlal Ramuka
• Ramkala Sohanlal Ramuka
• Sohanlal Suwalal Ramuka HUF
• Sohanlal Suwalal Ramuka

All applicants confirmed they do not hold any shares or voting rights in the listed entity as on the date of the request. They also stated they are not involved in the day-to-day management activities or decision-making processes of the company.

Regulatory Compliance

Under Regulation 31A, the promoters affirmed several key conditions to qualify for reclassification. These include not exercising control over the affairs of the listed entity directly or indirectly. They also confirmed they do not represent the company on the Board of Directors and do not act as key managerial personnel.

Additionally, the applicants declared they are not wilful defaulters as per Reserve Bank of India guidelines nor fugitive economic offenders. They undertook to abide by all conditions listed in Regulation 31A post-reclassification.