Anka India Limited has announced a significant restructuring of its leadership team with the simultaneous resignation of five key personnel, effective March 05, 2026. The board of directors approved these changes during a meeting held on the same date, marking a substantial shift in the company's management structure following a recent takeover process.

Leadership Changes Overview

The resignations encompass critical positions across the organization's governance and operational framework. The departing personnel include both board members and key managerial staff, representing a comprehensive change in the company's leadership structure.

Reasons for Resignations

The resignation letters reveal different motivations behind the departures. The independent directors cited personal reasons for their inability to devote adequate time and attention to the company. Both Mrs. Niti Sethi and Mrs. Ashakishinchand confirmed in their resignation letters that there are no other material reasons beyond personal circumstances.

In contrast, the operational leadership resignations are directly linked to corporate restructuring. Mrs. Sulakashana Trikha, Mr. Anu Sharma, and Mr. Manish Pandey specifically referenced the proposed change of management following the completion of an open offer process on December 23, 2025, conducted in accordance with SEBI Takeover Regulations.

Detailed Resignation Letters

The company has provided complete resignation letters from all departing personnel as part of its regulatory disclosure. Mrs. Niti Sethi, residing at D-45, Anand Niketan, Chanakya Puri, South West Delhi, stated her inability to devote time and attention to the company due to personal reasons. Similarly, Mrs. Ashakishinchand from Bengaluru cited identical personal reasons for her departure from the board.

Regulatory Compliance and Documentation

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The board meeting, which commenced at 05:00 PM and concluded at 6:30 PM on March 05, 2026, formally approved and accepted all resignations. The company has submitted comprehensive documentation to BSE Limited, including detailed resignation letters enclosed as Annexure B.

Corporate Governance Impact

The simultaneous departure of two independent directors will require the company to reconstitute its board committees and ensure compliance with independent director requirements. The company has confirmed that Mrs. Niti Sethi and Mrs. Ashakishinchand do not hold directorship positions in any other listed entities.

The resignation of key managerial personnel, including the CFO and Company Secretary & Compliance Officer, necessitates immediate appointments to maintain operational continuity and regulatory compliance. All departing personnel have requested proper acknowledgment of their resignations and filing of necessary forms with the Registrar of Companies as required under the Companies Act, 2013. The document was signed by Raman Rakesh Trikha, Director (DIN 00383578), confirming the board's acceptance of all resignations.

Anka India Limited has strengthened its leadership structure with multiple key appointments approved during a board meeting held on March 05, 2026. The appointments, made on the recommendation of the Nomination and Remuneration Committee, span across board positions and key management roles.

Board Leadership Changes

The company has appointed several new directors to enhance its governance structure:

Mr. Spark Sood brings over eight years of experience in corporate finance, compliance, and audit management. He holds a B.Com (Honours) degree from the University of Delhi and has been associated with the company for more than three years. His previous experience includes roles at PricewaterhouseCoopers India and Vivo India.

Independent Directors' Expertise

Mrs. Sonal Jain, appointed as Additional Independent Director, is a Fellow Member of the Institute of Company Secretaries of India (FCS) and Law Graduate with over a decade of experience in corporate and allied laws. Her expertise encompasses corporate compliance, trademark registration, FEMA regulations, and POSH compliance. She currently serves as an Independent Director on the boards of Susan India Electricals Limited and Saroja Pharma Industries India Limited.

Mr. Dilip Kumar Choudhary, also appointed as Additional Independent Director, is a Fellow Member of the Institute of Company Secretaries of India and Founder of M/s Dilip Kumar & Associates, Practicing Company Secretaries. He brings over a decade of experience in legal, secretarial, finance, and FEMA matters, with expertise in business analysis, mergers and acquisitions, and corporate restructuring.

Key Management Personnel Appointments

The board also approved critical management appointments to strengthen operational leadership:

Mr. Bharat Sarin, the new CFO, holds an MBA in Finance and Bachelor's degree in Law, along with CA Intermediate qualification. His expertise spans corporate finance, financial reporting, compliance, and business planning, with strong capabilities in financial management and regulatory compliance.

Mr. Sameer Kumar brings extensive experience in corporate governance and regulatory compliance. As an Associate Member of the Institute of Company Secretaries of India, he has previously worked with BLS International Services Limited, Omaxe Limited, Kabir Group, and CMYK Printech Limited.

Regulatory Compliance and Next Steps

All director appointments are subject to shareholder approval for five-year terms. The company has confirmed that none of the appointed directors are debarred from holding directorial positions by SEBI or any other regulatory authority. The board meeting commenced at 05.00 PM and concluded at 06.30 PM on March 05, 2026.

These strategic appointments reflect the company's commitment to strengthening its governance framework and operational capabilities across key functional areas.