Ecoboard Industries Limited has strengthened its board governance structure with the appointment of two seasoned professionals as Additional Non-Executive Independent Directors. The appointments were approved during a board meeting conducted via video conferencing on January 19, 2026, demonstrating the company's commitment to enhancing its leadership capabilities.

New Director Appointments

The board approved the appointment of Mrs. Geeta Chandrakant Kakade and Mr. Ram Mohan Bobbili as Additional Non-Executive Independent Directors, both subject to shareholder approval at the forthcoming Extraordinary General Meeting.

Professional Background

Mrs. Geeta Chandrakant Kakade brings substantial financial expertise as a Chartered Accountant with over 18 years of experience. She serves as a partner at Kadam & Co, specializing in audit, taxation, and management consultancy. Her professional portfolio includes extensive work in accountancy and legal matters for cooperative societies, trusts, banks, and companies across various sectors.

Mr. Ram Mohan Bobbili contributes over 45 years of comprehensive experience in manufacturing operations, supply chain management, and enterprise technology implementation across India and international markets. He holds a B.Tech in Chemical Engineering and an MBA in Marketing. His career spans senior leadership positions in reputed organizations, with particular expertise in project management, operational excellence, and strategic advisory roles across diverse industries.

Committee Reconstitution

Following the new appointments, Ecoboard Industries has reconstituted its key board committees to ensure optimal governance structure:

Audit Committee

Nomination and Remuneration Committee

Stakeholder Relationship Committee

Upcoming Shareholder Meeting

The board has approved calling an Extraordinary General Meeting on February 12, 2026, to be conducted through video conferencing. The meeting will seek shareholder approval for the director appointments. Mr. Satish Dattatray Kolhe, a Practising Company Secretary, has been appointed as scrutinizer to oversee the voting process.

Both newly appointed directors have no inter-se relationships with existing board members, ensuring independence in their roles. The appointments reflect Ecoboard Industries' strategic focus on strengthening its governance framework with experienced professionals from diverse backgrounds.

Ecoboard Industries Limited has issued a clarification to BSE Limited regarding the significant movement in its equity share prices, stating that no material events have influenced the recent price fluctuations. The company's response came following BSE's inquiry dated December 11, 2025, seeking clarification on the notable price movement.

Company's Official Response

In its communication dated December 16, 2025, Ecoboard Industries categorically stated that no events, information, or announcements bearing on the company's operations or performance have taken place. The company emphasized that no price-sensitive information has been withheld from public disclosure.

Corporate Action Details

The company highlighted one significant development in its clarification:

The NSDL approval for the preferential securities issue represents the only notable corporate development, which has already been properly disclosed to stock exchanges following regulatory requirements.

Management Statement

The clarification was signed by Mr. Praveen Kumar Raju Gottumukkala, who serves as Whole-time Director and CFO of the company. His Director Identification Number (DIN) is 05180152. The company reiterated that apart from the disclosed preferential securities issue, no other material events or information could have influenced the script's price movement.

Regulatory Compliance

Ecoboard Industries' response demonstrates adherence to Regulation 30 requirements, which mandate listed companies to clarify unusual price movements when requested by stock exchanges. The company's prompt response and transparent communication reflect its commitment to maintaining proper disclosure standards and keeping investors informed about material developments.