Banganga Paper Industries Limited has appointed Dr. Keshav Lakshminarayana Patkar as Additional Director (Non Executive, Independent) through a board resolution passed by circulation on February 2, 2026. The appointment has been made in compliance with the provisions of the Companies Act, 2013 and SEBI Listing Regulations.

Director Appointment Details

The board has approved Dr. Patkar's appointment after evaluating his credentials, experience, independence, and integrity. The company has received necessary declarations confirming that he meets the criteria of independence as prescribed under Section 149(6) of the Companies Act, 2013 and Regulation 25 of the Listing Regulations.

Professional Background and Expertise

Dr. Keshav Patkar brings extensive industry experience to the board. He holds M.Phil., Ph.D., and Master Brewer qualifications, with over 30 years of distinguished experience in the brewery and consumer goods industry. His professional journey includes senior leadership positions as Chief Brewer and Director of Brewing & Quality at SABMILLER INDIA and ABINBEV APAC.

His areas of expertise encompass:

• Quality Management
• Brewing Process Optimization
• New Product Development
• Global Brand Localization
• Brewery Expansion Projects
• Technical Consulting

Educational Qualifications

Dr. Patkar holds a Ph.D. from the University of Mysore and professional qualifications from the Institute of Brewing & Distilling, London. He is currently engaged as a Brewing Consultant, operating as a self-employed professional.

Regulatory Compliance

The appointment has been made in accordance with Sections 149, 150, 152 and other applicable provisions of the Companies Act, 2013, and Regulation 25 of the Listing Regulations. The company has confirmed that Dr. Patkar is not disqualified from being appointed as director and is not related to any other Director or Key Managerial Personnel of the company.

The appointment is subject to approval of shareholders in the ensuing Annual General Meeting. The board will consider and assign committee positions for Dr. Patkar in its forthcoming meeting. His appointment and remuneration are in accordance with Schedule IV of the Companies Act, 2013 and the company's policy.

Banganga paper industries Limited has strengthened its leadership team with the appointment of Mr. Swaminathan Muralidharan as Additional Director (Executive), effective January 28, 2026. The appointment was formalized through a board resolution passed by circulation on the same date.

Board Resolution and Regulatory Compliance

The company's Board of Directors approved the appointment in accordance with Section 161 of the Companies Act, 2013, and applicable provisions of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The appointment follows confirmation that Mr. Muralidharan is not disqualified from holding directorship under the Companies Act, 2013 or any SEBI regulations.

Director Profile and Experience

Mr. Muralidharan brings extensive experience in corporate management and administration to Banganga Paper Industries. His professional background includes strategic planning, operational oversight, and governance compliance across various senior roles in different companies.

Terms of Appointment

The appointment is subject to terms and conditions, including remuneration, as approved by the Board of Directors. Mr. Muralidharan will hold office until the date of the ensuing Annual General Meeting and remains eligible for re-appointment thereafter.

Company Background

Banganga Paper Industries Limited, formerly known as Inertia Steel Limited, operates under CIN L51900MH1984PLC033082. The company is headquartered in Nashik, Maharashtra, with its registered office located at Sr. No. 186, Gavalwadi Road, Ashewadi, Ramshej.

The appointment reflects the company's commitment to strengthening its executive leadership and governance structure as it continues its business operations in the paper industry.