Gorani Industries Limited , a company listed on the Bombay Stock Exchange, has announced significant changes to its board of directors following its Annual General Meeting (AGM) held on September 26, 2025.

New Appointment

Ms. Arpita Jain has been appointed as an Independent Director for a five-year term, commencing from October 1, 2025, to September 30, 2030. Ms. Jain, a qualified Company Secretary with a commerce degree, brings valuable expertise in corporate governance, compliance, and company law to the board. Her professional background demonstrates a proven track record in legal compliance and regulatory affairs.

Re-appointment

Mr. Ayush Shukla has been re-appointed as an Independent Director for a second five-year term, starting from February 12, 2026, to February 11, 2031. Mr. Shukla, known for his knowledge in corporate law and governance, will continue to provide strategic guidance to the company.

Board Independence

Both Ms. Jain and Mr. Shukla meet the independence criteria as stipulated in Section 149(6) of the Companies Act. Their appointments are structured to ensure they are not liable to retire by rotation, further strengthening the independence of the board.

Other Key Decisions

The AGM also saw several other important resolutions passed:

1. Re-appointment of M/s. Sandeep Surendra Jain and Company, Chartered Accountants, as Statutory Auditors for a second term.
2. Re-appointment of Mr. Sanjay Kumar Gorani as Managing Director for three years, with a monthly remuneration cap of Rs. 2.00 lakh.
3. Re-appointment of Mr. Nakul Gorani as Whole-time Director for three years, with a monthly remuneration cap of Rs. 3.00 lakh.
4. Re-appointment of Ms. Raina Goyal, who retired by rotation, as a Non-Executive Director.

Compliance and Transparency

Gorani Industries has demonstrated its commitment to corporate governance by providing e-voting facilities to shareholders and appointing an independent scrutinizer to oversee the voting process. The AGM proceedings, conducted through video conferencing, reflect the company's adaptation to modern corporate practices.

These board changes and re-appointments are expected to bring fresh perspectives and continued stability to Gorani Industries as it moves forward in its corporate journey.

Gorani Industries has announced significant corporate governance updates, including the scheduling of its 30th Annual General Meeting (AGM) and proposals for key board appointments.

AGM Schedule and Auditor Reappointment

The company's Board of Directors has set the date for the 30th AGM, which will be held on Friday, September 26, 2025, at 12:30 P.M. through video conferencing. The board has proposed the reappointment of M/s. Sandeep Surendra Jain and Company, Chartered Accountants (ICAI Firm Registration No. 010172C), as the Statutory Auditors of the company. This appointment, subject to shareholder approval, would extend from the conclusion of the 30th AGM until the end of the 35th AGM.

Proposed Board Appointments

The Board of Directors, based on recommendations from the Nomination and Remuneration Committee, has put forward two significant proposals for board appointments:

1. Ms. Arpita Jain (DIN: 03529691): Proposed appointment as an Independent Director for a five-year term from October 1, 2025, to September 30, 2030. Ms. Jain, a qualified Company Secretary with a commerce degree, brings expertise in corporate governance, compliance, and company law.

2. Mr. Ayush Shukla (DIN: 09057436): Proposed reappointment as an Independent Director for a second five-year term from February 12, 2026, to February 11, 2031. Mr. Shukla has a strong background in corporate law and governance.

Both proposed appointments are subject to shareholder approval at the upcoming AGM. The company stated that these directors meet the criteria for independence as provided in Section 149(6) of the Companies Act and will not be liable to retire by rotation.

Corporate Governance Commitment

These proposed appointments and reappointments reflect Gorani Industries' commitment to maintaining robust corporate governance structures. The company aims to leverage the diverse expertise of its board members to ensure compliance with regulatory standards and to drive strategic decision-making.

The 30th AGM will serve as a platform for shareholders to vote on these important proposals, which are designed to strengthen the company's leadership and maintain its commitment to transparency and corporate best practices.

Investors and stakeholders are advised to review the full AGM notice for comprehensive details on the proposed resolutions and voting procedures.