AKI India Limited has undertaken a comprehensive board restructuring, appointing three new independent directors while accepting resignations from three existing board members, as announced following a board meeting held on January 9, 2026.

New Board Appointments

The company has strengthened its board with three strategic appointments, all effective January 9, 2026:

Mrs. Sarika Agarwal brings practical business insight and commercial acumen through her entrepreneurial experience in Mirzapur. Mr. Abdul Rashid Khan contributes valuable legal and financial expertise with over 13 years of experience in law and finance. Mr. Veqarul Amin, a qualified Leather Technologist from NENE College, provides extensive technical knowledge and strategic guidance with over 35 years in the leather industry.

Board Resignations

The company accepted resignations from three independent directors, all citing personal reasons for their departure:

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 their commitment to supporting the company during their tenure.

Committee Reconstitution

Following the board changes, AKI India reconstituted three key committees effective January 9, 2026:

Audit Committee:

• Chairperson: Mr. Abdul Rashid Khan (Non-Executive Independent Director)
• Members: Mrs. Sarika Agarwal and Mr. Veqarul Amin (both Non-Executive Independent Directors)

Stakeholders Relationship Committee:

• Chairperson: Mr. Abdul Rashid Khan (Non-Executive Independent Director)
• Members: Mr. Mohammad Ajwad (Managing Director) and Mrs. Sarika Agarwal (Non-Executive Independent Director)

Nomination and Remuneration Committee:

• Chairperson: Mrs. Sarika Agarwal (Non-Executive Independent Director)
• Members: Mr. Abdul Rashid Khan and Mr. Veqarul Amin (both Non-Executive Independent Directors)

Regulatory Compliance

The board meeting, which commenced at 4:00 PM and concluded at 6:20 PM at the company's registered office in Kanpur, was conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details as required under SEBI regulations, including complete profiles of new appointees and confirmation that none of the new directors are related to existing board members.

This board restructuring represents AKI India's commitment to maintaining strong corporate governance while bringing fresh expertise across legal, financial, entrepreneurial, and technical domains to guide the company's strategic direction.

AKI India Limited has undertaken a comprehensive board restructuring, appointing three new independent directors while accepting the resignation of three existing board members, all effective January 9, 2026. The board meeting, held at the company's registered office in Kanpur, commenced at 4:00 PM and concluded at 6:20 PM.

New Director Appointments

The company has strengthened its board with three strategic appointments bringing diverse expertise across business, legal, and technical domains.

All three appointees have been designated as Additional Non-Executive and Independent Directors, with confirmation that none are related to existing company directors. Mrs. Sarika Agarwal brings practical business insight from her entrepreneurial ventures in Mirzapur, while Mr. Abdul Rashid Khan contributes valuable legal and financial expertise. Mr. Veqarul Amin adds significant technical knowledge with his extensive experience in leather technology and manufacturing processes.

Director Resignations

Simultaneously, the company accepted resignations from three independent directors, all citing personal reasons for their departure.

The company confirmed receiving resignation letters from all departing directors, with each confirming no material reasons for resignation beyond those stated in their respective letters. All three directors expressed gratitude for their tenure and confirmed their inability to devote adequate time to company affairs due to personal circumstances.

Committee Reconstitution

Following the board changes, AKI India has reconstituted its key committees with the new director composition.

Audit Committee:

• Chairperson: Mr. Abdul Rashid Khan
• Members: Mrs. Sarika Agarwal, Mr. Veqarul Amin

Stakeholders Relationship Committee:

• Chairperson: Mr. Abdul Rashid Khan
• Members: Mr. Mohammad Ajwad (Managing Director), Mrs. Sarika Agarwal

Nomination and Remuneration Committee:

• Chairperson: Mrs. Sarika Agarwal
• Members: Mr. Abdul Rashid Khan, Mr. Veqarul Amin

The reconstitution ensures compliance with regulatory requirements while leveraging the diverse expertise of the new board members across critical governance functions.

Regulatory Compliance

The appointments and resignations were announced in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details as required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, including detailed profiles of new appointees and confirmation of independence from existing directors.