ADDI Industries Limited Announces Major Board Restructuring with New Director Appointments

3 min read Updated on 11 Dec 2025, 06:02 PM

Reviewed by

Radhika SScanX News Team

Overview

ADDI Industries Limited executed comprehensive board restructuring on December 11, 2025, with four new director appointments and six resignations including the Managing Director and CFO. The changes stem from a management control transition under a Share Purchase Agreement dated May 20, 2025, with all board committees reconstituted under new leadership.

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ADDI Industries Limited has announced a comprehensive board restructuring effective December 11, 2025, marking a significant transition in the company's leadership following a change in management control. The restructuring involves the appointment of four new directors and the resignation of six key personnel, including the Managing Director and Chief Financial Officer.

New Director Appointments

The Board of Directors approved several key appointments based on recommendations from the Nomination and Remuneration Committee. The new appointments reflect the company's strategic direction under new management.

Position:	Name	Category	Term	Rotation
Whole Time Director	Mr. Sandeep Mittal (DIN: 00225089)	Promoter, Executive	5 years	Not liable
Non-Executive Director	Mr. Rajat Goyal (DIN: 03543956)	Promoter	-	Liable
Independent Director	Mr. Jai Kishan (DIN: 11033609)	Independent	5 years	Not liable
Independent Director	Ms. Preeti Jain (DIN: 08803345)	Independent	5 years	Not liable

All appointments are effective from December 11, 2025, with the Whole Time Director and Independent Director positions subject to member approval.

Leadership Resignations

Six key personnel submitted their resignations on December 11, 2025, citing the change in management and control as part of the Share Purchase and Transfer of Control Agreement dated May 20, 2025.

Executive Departures

Position:	Name	DIN/Details
Managing Director & Chairman	Mr. Chaman Lal Jain	DIN: 00022903
Non-Executive Director	Mr. Hari Bansal	DIN: 00022923
Chief Financial Officer	Mr. Atul Kumar Jain	-

Independent Director Resignations

Three Independent Directors also resigned as part of the management transition:

Mr. Achal Kapoor (DIN: 09150394) - Former Audit Committee Chairperson
Ms. Apra Sharma (DIN: 10149103) - Former Audit Committee Member
Mr. Subrata Panda (DIN: 00428387) - Former Stakeholders Relationship Committee Chairperson

Board Committee Reconstitution

Following the leadership changes, the company reconstituted its key board committees effective from the conclusion of the December 11, 2025 board meeting.

Audit Committee

Position:	Name	Category
Chairperson	Mr. Jai Kishan	Independent Director
Member	Mr. Rajat Goyal	Non-Executive Director
Member	Ms. Preeti Jain	Independent Director

Nomination and Remuneration Committee

Position:	Name	Category
Chairperson	Mr. Jai Kishan	Independent Director
Member	Mr. Rajat Goyal	Non-Executive Director
Member	Ms. Preeti Jain	Independent Director

Stakeholder Committee

Position:	Name	Category
Chairperson	Mr. Jai Kishan	Independent Director
Member	Mr. Rajat Goyal	Non-Executive Director
Member	Ms. Preeti Jain	Independent Director

New Leadership Profiles

The incoming directors bring diverse expertise to the board. Mr. Sandeep Mittal is a qualified accounting and legal professional with over 20 years of experience in finance and investment management. Mr. Rajat Goyal, a distinguished Chartered Accountant with two decades of experience, holds certification as a Certified Internal Auditor from the Institute of Internal Auditors, Florida, USA, and has co-founded several companies within the Mufin Finance Group.

Ms. Preeti Jain, FCS, specializes in regulatory compliance with over 13 years of experience in legal and compliance matters. Mr. Jai Kishan, CS, FCS, M.Com, brings extensive experience in Company Law, Intellectual Property Rights, and regulatory compliance.

The board meeting commenced at 04:30 P.M. (IST) and concluded at 06:30 P.M. (IST) on December 11, 2025, with all resolutions passed in accordance with SEBI regulations and listing requirements.

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