Indian Link Chain Manufactures Limited has announced a series of significant corporate actions, including a major acquisition, management changes, and a proposed name change, signaling a transformative phase for the company.

Acquisition of RRP Electronics Limited

The company has executed a term sheet to acquire a majority stake in RRP Electronics Limited. This strategic move is expected to expand Indian Link Chain Manufacturers' portfolio and market presence. The proposed transaction is subject to satisfactory due diligence, execution of definitive agreements, and fulfillment of applicable conditions.

Management Changes

In a notable development, Mr. Vishal Thakkar has resigned from his positions as Managing Director and Chief Financial Officer of Indian Link Chain Manufacturers Limited. His resignation will take effect from the close of business hours on November 14, 2025. Mr. Thakkar will also cease to be a member of the company's Audit Committee.

The resignation comes in the wake of the impending change in management and control of the company due to the takeover. Mr. Thakkar has confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter.

Proposed Name Change

In line with its strategic shift, the Board of Directors has proposed changing the company's name from Indian Link Chain Manufacturers Limited to RRP Electronics India Limited. This proposal has received name reservation approval from the Ministry of Corporate Affairs (MCA). The name change will become effective upon receiving shareholder approval through a special resolution and subsequent approval from the Registrar of Companies.

Relocation of Registered Office

The company has also announced the relocation of its registered office within the state of Maharashtra. Further details regarding the new office location are yet to be disclosed.

These corporate actions collectively indicate a significant transformation in the company's direction and structure. Shareholders and market observers will be keenly watching how these changes unfold and impact the company's future operations and market position.

The company has stated that further details regarding the share acquisition agreement will be intimated after the completion of due diligence, in accordance with SEBI regulations.

Indian Link Chain Manufactures Ltd has disclosed significant changes in its corporate structure, including the resignation of its statutory auditor and two independent directors.

Statutory Auditor Resignation

Background of the Auditor's Appointment

The auditing firm had a relatively short tenure with Indian Link Chain Manufactures Ltd:

• Initially appointed to fill a casual vacancy on February 14, 2024
• Subsequently appointed for a five-year term from September 28, 2024
• Original term was scheduled to expire at the annual general meeting in 2029

Company's Statement on Auditor Resignation

The company has confirmed that the resigning auditors did not raise any concerns or issues regarding the company's management.

Independent Directors' Resignation

In addition to the auditor's resignation, the company announced the resignation of two Independent Directors:

• Mr. Ashok Jain
• Mr. Jaynish Kothari

Key Details of Directors' Resignation

• Effective Date: November 7, 2025
• Reason: Change in management and control of the company pursuant to a takeover
• Date of Submission: November 6, 2025

Both directors will also cease to be members of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. They confirmed that there are no other material reasons for their resignation beyond those stated, and neither holds directorships or committee memberships in any other listed entities.

Regulatory Compliance

In adherence to regulatory requirements, Indian Link Chain Manufactures Ltd has:

1. Informed the BSE Limited about the auditor's resignation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2. Provided the reason for resignation as stated in the auditor's letter
3. Confirmed compliance with SEBI Circular CIR/CFD/CMD1/114/2019 dated October 18, 2019

Implications and Next Steps

The resignation of the statutory auditor and two independent directors, particularly in the context of a takeover, marks a significant transition for Indian Link Chain Manufactures Ltd. These changes may raise questions among investors about the company's future direction and governance.

Investors and stakeholders will likely be keen to know about the appointment of a new statutory auditor and new independent directors, which the company is expected to announce in due course.

Indian Link Chain Manufactures Ltd, with its registered office in Mumbai, continues to operate under the leadership of Mr. Vishal Thakkar, the Managing Director. As the company navigates this transition, maintaining clear communication with shareholders and regulatory bodies will be crucial for upholding market confidence and ensuring a smooth transition following the takeover.