Cosmo First Limited , a prominent player in the Indian market, has announced a significant change in its senior management team. The company has appointed Mr. Saurabh Jain as the CEO of its Petcare Division ('Zigly') and Head of Corporate Development, effective October 23, 2025.

Key Appointment Details

Strategic Move for Cosmo First

This appointment marks a strategic move for Cosmo First Limited as it strengthens its leadership in the Petcare Division, specifically for its 'Zigly' brand. Mr. Jain's diverse experience spanning the Films Industry, Investment Banking, and Corporate Strategy is expected to bring a fresh perspective to the company's operations and growth strategies.

Regulatory Compliance

The company has duly informed the stock exchanges about this appointment, adhering to Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. This transparency ensures that shareholders and potential investors are kept informed about significant changes in the company's senior management.

Market Implications

The addition of Mr. Jain to the senior management team could potentially influence the company's strategic direction, especially in its Petcare Division and corporate development initiatives. Investors and market watchers may keep a close eye on Cosmo First's future announcements and performance indicators to assess the impact of this new leadership appointment on the company's operations and market position.

Cosmo First Limited , a prominent player in the Indian market, has announced a significant change in its board composition. Hoshang Noshirwan Sinor, a seasoned professional in the company's leadership, is set to undergo a role transition.

Retirement and New Appointment

Hoshang Noshirwan Sinor is scheduled to retire from his position as an Independent Director of Cosmo First Limited on May 21, 2025. This retirement marks the completion of his second consecutive term in this role, highlighting his long-standing commitment to the company's governance.

Transition to Non-Executive Role

In a strategic move, Sinor will not be leaving the company's board entirely. Instead, he will transition to a new position as a Non-Executive Non-Independent Director, effective from May 22, 2025. This new role will be subject to rotation, as per standard corporate governance practices.

Board and Shareholder Approval

The transition has received full support from both the company's leadership and its shareholders:

• The Board of Directors approved this appointment in February 2025
• Shareholders ratified the decision in March 2025

This approval process ensures a smooth transition and demonstrates confidence in Sinor's continued value to the company.

Implications for Cosmo First Limited

This change in directorship represents a balance between continuity and fresh perspectives in Cosmo First Limited's governance structure. While Sinor will no longer serve in an independent capacity, his extensive experience and familiarity with the company's operations will continue to be valuable assets in his new non-executive role.

The transition from an independent to a non-executive position is a common practice in corporate governance, often allowing companies to retain the expertise of seasoned directors while adhering to regulatory requirements for board composition.

As Cosmo First Limited moves forward with this change, stakeholders will be keen to observe how this transition impacts the company's strategic direction and governance practices in the coming years.