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.

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.