Siyaram Recycling Industries Ltd has reappointed its key promoters to the Board of Directors for a fresh five-year term, ensuring continuity in leadership through August 2031.

The Board meeting held on August 24, 2026, in Jamnagar approved the reappointment of Mr. Bhavesh Ramgopal Maheshwari (DIN: 06573087) as Managing Director and Mr. Ramgopal Ochhavlal Maheshwari (DIN: 00553232) as Whole-time Director. Both appointments are subject to shareholder approval at the upcoming Annual General Meeting.

Director Reappointments

The Nomination and Remuneration Committee recommended the following appointments:

• Bhavesh Ramgopal Maheshwari: Reappointed as Managing Director from August 24, 2026, to August 23, 2031. He is liable to retire by rotation. The company confirmed he is not debarred by SEBI.
• Ramgopal Ochhavlal Maheshwari: Reappointed as Whole-time Director for the same period. He is not liable to retire by rotation. The company confirmed he is not debarred by SEBI.

The Board confirmed that neither director is debarred from holding office by SEBI or any other authority. Additionally, Mrs. Madhu Ramgopal Maheshwari retires by rotation and offers herself for reappointment.

AGM Details

The company scheduled its 20th Annual General Meeting for September 30, 2026, at 2:00 pm at its registered office in Jamnagar. The meeting will address the financial year ended March 31, 2026.

M/s. Murtuza Mandorwala & Associates was appointed as the scrutinizer for the e-voting process. The Board also approved the Directors' Report, Management Discussion and Analysis, and the Annual Report for FY25-2026.

Siyaram Recycling Industries Ltd has confirmed the completion of its statutory disclosure obligations regarding a proposed increase in authorized share capital from ₹25 crore to ₹45 crore. On July 30, 2026, the company published advertisements in Business Standard (English) and Bhoomi (Gujarati) to inform shareholders that the postal ballot notice and remote e-voting information have been dispatched. This procedural step ensures transparency and compliance with Ministry of Corporate Affairs (MCA) circulars and SEBI regulations ahead of the shareholder vote. The capital hike aims to broaden the company’s capital structure and facilitate future fund infusion without immediate dilution of existing equity.

The Board of Directors approved the proposal on July 29, 2026, recommending an ordinary resolution to create two crore additional equity shares of ₹10 each. This will raise the total authorized share count from 2.5 crore to 4.5 crore shares. Shareholders holding shares as of July 24, 2026, are eligible to vote electronically via the National Securities Depository Limited (NSDL) platform. The voting window opens at 9:00 am IST on July 31, 2026, and closes at 5:00 pm IST on August 29, 2026. Results will be declared on or before September 1, 2026.

Voting Process and Compliance

The company has engaged M/s. Murtuza Mandorwala & Associates (Membership No. F10745) as the scrutinizer to ensure a fair and transparent voting process. Notices were dispatched electronically to members registered with the company, its Registrar and Transfer Agent (Cameo Corporate Services Limited), or depository participants (NSDL/CDSL) as of the cut-off date. In compliance with MCA guidelines, no hard copies were issued. Institutional shareholders must submit scanned copies of board resolutions or authority letters to the scrutinizer at mma.office@yahoo.com . The advertisements confirming the dispatch are also available on the company’s website, www.siyaramindustries.co.in .

Capital Structure Alteration

Upon approval by shareholders, the Memorandum of Association will be amended to reflect the new capital clause. The existing Clause V will be substituted to state that the authorized share capital is ₹45,00,00,000 divided into 4,50,00,000 equity shares of ₹10 each. The new shares will rank pari-passu with existing shares in all respects. Bhavesh Ramgopal Maheshwari, Managing Director, signed the intimation letter under Regulation 30 and Regulation 47 of the SEBI Listing Regulations, 2015, confirming the board’s decision and the subsequent disclosure.

Governance Context

The capital hike coincides with a leadership transition in compliance oversight. Mr. Samoil Akilbhai Lokhandwala assumes the role of Company Secretary effective August 1, 2026, succeeding Ms. Kesha Ravi Shah, who resigned citing personal reasons. No directors or key managerial personnel have a financial interest in the resolution beyond their existing shareholdings. The appointment of Mr. Lokhandwala is viewed as strategic for maintaining robust compliance during potential scaling initiatives.