AKI India Limited Appoints Three New Independent Directors and Reconstitutes Board Committees

AKI India Limited announced a complete restructuring of its board of directors on January 9, 2026, with the appointment of three new independent directors and the acceptance of three resignations. The board meeting, held at the company's registered office in Kanpur, commenced at 4:00 PM and concluded at 6:20 PM.

New Board Appointments

The company appointed three new Additional Non-Executive and Independent Directors, each bringing distinct expertise to the board:

Director	DIN	Background	Experience
Mrs. Sarika Agarwal	11443308	B.Com. from Allahabad University (1998)	Experienced entrepreneur running business in Mirzapur
Mr. Abdul Rashid Khan	11431050	B.Com. (2008), LL.B. (2011)	Over 13 years in law and finance
Mr. Veqarul Amin	00037469	Qualified Leather Technologist from NENE College	Over 35 years in leather industry

All three appointments are effective from January 9, 2026, and none of the new directors are related to existing board members.

Director Resignations

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

Resigning Director	DIN	Reason	Effective Date
Mr. Raj Krishna Agrawal	08018396	Personal reasons	January 9, 2026
Mr. Aslam Saeed	00996483	Personal reasons	January 9, 2026
Mr. Javed Iqbal	01335862	Personal reasons	January 9, 2026

All resigning directors confirmed that there are no material reasons for their resignation beyond those stated in their resignation letters.

Committee Reconstitution

Following the board changes, AKI India reconstituted three key committees with the new directors assuming leadership roles:

Audit Committee

Position	Director	Category
Chairperson	Mr. Abdul Rashid Khan	Non-Executive Independent Director
Member	Mrs. Sarika Agarwal	Non-Executive Independent Director
Member	Mr. Veqarul Amin	Non-Executive Independent Director

Stakeholders Relationship Committee

Position	Director	Category
Chairperson	Mr. Abdul Rashid Khan	Non-Executive Independent Director
Member	Mr. Mohammad Ajwad	Managing Director
Member	Mrs. Sarika Agarwal	Non-Executive Independent Director

Nomination and Remuneration Committee

Position	Director	Category
Chairperson	Mrs. Sarika Agarwal	Non-Executive Independent Director
Member	Mr. Abdul Rashid Khan	Non-Executive Independent Director
Member	Mr. Veqarul Amin	Non-Executive Independent Director

Regulatory Compliance

The appointments and resignations were made in accordance 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.

The board restructuring represents a significant governance change for AKI India Limited, bringing fresh expertise in entrepreneurship, legal and financial matters, and specialized leather industry knowledge to guide the company's strategic direction.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.97%	-4.42%	-16.95%	-53.07%	-46.95%	-92.25%

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:

Director	DIN	Designation	Key Qualifications
Mrs. Sarika Agarwal	11443308	Additional Non-Executive and Independent Director	B.Com. from Allahabad University (1998), experienced entrepreneur
Mr. Abdul Rashid Khan	11431050	Additional Non-Executive and Independent Director	B.Com. (2008), LL.B. (2011), 13+ years in law and finance
Mr. Veqarul Amin	00037469	Additional Non-Executive and Independent Director	Qualified Leather Technologist, 35+ years leather industry experience

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:

Departing Director	DIN	Effective Date	Reason
Mr. Raj Krishna Agrawal	08018396	January 9, 2026	Personal reasons
Mr. Aslam Saeed	00996483	January 9, 2026	Personal reasons
Mr. Javed Iqbal	01335862	January 9, 2026	Personal reasons

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.