AKI India Limited has announced a comprehensive board restructuring effective January 9, 2026, involving the appointment of three new independent directors and the acceptance of resignations from three existing board members. The changes were approved during a board meeting held at the company's registered office in Kanpur, Uttar Pradesh, which commenced at 4:00 PM and concluded at 6:20 PM.

New Director Appointments

The company has strengthened its board with three strategic appointments, each bringing distinct expertise to support the organization's governance and strategic direction.

Mrs. Sarika Agarwal brings entrepreneurial experience to the board, holding a Bachelor of Commerce degree from Allahabad University (1998) and actively running her own business in Mirzapur. Her practical business insight and commercial acumen are expected to contribute valuable perspectives to board discussions.

Mr. Abdul Rashid Khan adds legal and financial expertise with his Bachelor of Commerce (2008) and Bachelor of Laws (2011) qualifications, complemented by over 13 years of experience in law and finance. His dual expertise positions him well to provide guidance on regulatory and financial matters.

Mr. Veqarul Amin contributes specialized industry knowledge as a qualified Leather Technologist from NENE College with over 35 years of extensive experience in the leather industry. His in-depth expertise in leather technology, manufacturing processes, and industry practices brings valuable technical insight and strategic guidance to the company.

Board Resignations

Simultaneously, the board accepted resignations from three independent directors, all effective January 9, 2026.

All resigning directors confirmed that there are no material reasons for their resignation beyond those stated in their resignation letters. Each expressed gratitude for the opportunity to serve on the board and acknowledged their positive experience working with the company.

Committee Reconstitution

Following the board changes, AKI India has reconstituted its key committees to ensure continued effective governance and regulatory compliance.

The Audit Committee has been restructured with Mr. Abdul Rashid Khan as Chairperson, supported by Mrs. Sarika Agarwal and Mr. Veqarul Amin as members, all serving in their capacity as Non-Executive Independent Directors.

The Stakeholders Relationship Committee now comprises Mr. Abdul Rashid Khan as Chairperson, with Mr. Mohammad Ajwad (Managing Director) and Mrs. Sarika Agarwal as members.

The Nomination and Remuneration Committee has been reconstituted with Mrs. Sarika Agarwal as Chairperson, while Mr. Abdul Rashid Khan and Mr. Veqarul Amin serve as members.

Regulatory Compliance

The board restructuring and committee reconstitution have been undertaken in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details as required under the regulations, including director profiles, relationship disclosures, and confirmation of resignation reasons. All new appointees have confirmed they are not related to any existing directors of the company, ensuring independence in board governance.

AKI India Limited has announced the demise of Mrs. Sameena Asad Iraqi, Whole Time Director and Promoter Group member, who passed away on December 30, 2025. The company informed stock exchanges about this development on January 1, 2026, in compliance with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Position and Shareholding

Mrs. Sameena Asad Iraqi held significant positions within AKI India Limited's organizational structure. She served as a Whole Time Director with DIN 01668732 and was a member of the Promoter Group. Her shareholding details and tenure are presented below:

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about Mrs. Iraqi's demise. This intimation was made pursuant to Regulation 30 and 31A(6)(c) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Statement

AKI India Limited described Mrs. Sameena Asad Iraqi's passing as sudden and unexpected, stating it will be an irreparable loss to the company. The management, directors, and employees have conveyed their deep sympathy, sorrow, and condolences to her family during this difficult time.

Service Tenure

Mrs. Iraqi had been associated with AKI India Limited for over two decades, having been appointed as Whole Time Director on October 1, 2002. Her long tenure reflects her significant contribution to the company's operations and strategic direction over the years.

The notification was signed by Mohammad Ajwad, Managing Director (DIN: 07902475), and submitted to the stock exchanges for record-keeping purposes as required under SEBI regulations.