Gujarat Craft Industries Limited , a prominent player in the manufacturing sector, has announced several significant corporate decisions following its board meeting held on July 26, 2025. The company has set the stage for its upcoming Annual General Meeting (AGM) and made important changes to its leadership structure.

41st AGM Scheduled

The board has decided to convene the 41st Annual General Meeting of Gujarat Craft Industries on September 29, 2025, at 1:00 p.m. In line with modern corporate practices, the AGM will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM), adhering to the guidelines set by the Ministry of Corporate Affairs and SEBI.

Record Date for Dividend

Shareholders should note that September 22, 2025, has been fixed as the Record Date for determining eligibility to receive the final dividend for the financial year 2024-25, if declared at the AGM. The company plans to disburse the dividend, if approved, on or after September 29, 2025, within the statutory time limit.

E-voting Details

To ensure shareholder participation, the company has arranged for remote e-voting facilities. The e-voting period will commence on September 26, 2025, at 9:00 a.m. and conclude on September 28, 2025, at 5:00 p.m. Shareholders of record as of September 22, 2025, will be eligible to cast their votes electronically.

Leadership Changes and Appointments

In a significant move, the board has elevated Mr. Rishab Chhajer to the position of Chairman and Joint Managing Director. Furthermore, subject to shareholder approval at the AGM, Mr. Chhajer is set to be re-appointed as Chairman & Managing Director for a three-year term starting February 13, 2026.

The board has also approved the appointment of Mr. Parth B. Thakkar as an Additional Director (Non-Executive & Independent) for a five-year term beginning September 1, 2025, pending shareholder approval. Mr. Thakkar brings valuable experience in corporate law and SEBI regulations to the board.

Committee Reconstitutions

Effective September 1, 2025, the company will reconstitute its Nomination & Remuneration Committee and Stakeholders Relationship Committee:

• Nomination & Remuneration Committee:

  • Chair: Ms. Anal R. Desai
  • Members: Mr. Hitendra Chopra and Mr. Parth B. Thakkar

• Stakeholders Relationship Committee:

  • Chair: Mr. Parth B. Thakkar
  • Members: Mr. Rishabh Chhajer and Ms. Anal R. Desai

Appointment of Secretarial Auditors

Subject to shareholder approval, the board has recommended the appointment of M/s. Nishant Pandya & Associates, Practising Company Secretaries, as the company's Secretarial Auditors for a term of five consecutive years from FY 2025-26 to FY 2029-30.

These decisions reflect Gujarat Craft Industries' commitment to robust corporate governance and strategic leadership. Shareholders and investors will be keenly watching how these changes impact the company's future direction and performance in the coming years.

Gujarat Craft Industries Limited , a prominent player in the Indian manufacturing sector, has announced several significant corporate decisions following a board meeting held on July 26, 2025. The company has set the stage for its upcoming Annual General Meeting (AGM) and revealed important changes in its leadership structure.

41st AGM Scheduled

The board has decided to convene the 41st Annual General Meeting on September 29, 2025, at 1:00 p.m. In line with evolving corporate practices, the AGM will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM), adhering to the guidelines set by the Ministry of Corporate Affairs and SEBI.

Record Date for Dividend

Shareholders should note that September 22, 2025, has been fixed as the record date for determining eligibility to receive the final dividend for the financial year 2024-25, subject to declaration at the AGM. If approved, the dividend payment will be processed on or after September 29, 2025.

E-voting Details

To facilitate shareholder participation, the company has arranged for remote e-voting and e-voting during the AGM. The remote e-voting period will commence on September 26, 2025, at 9:00 a.m. and conclude on September 28, 2025, at 5:00 p.m.

Leadership Changes and Appointments

In a significant move, the board has elevated Mr. Rishab Chhajer, previously the Joint Managing Director, to the position of Chairman and Joint Managing Director. Furthermore, subject to shareholder approval at the AGM, Mr. Chhajer is set to be re-appointed as Chairman & Managing Director for a three-year term starting February 13, 2026.

The board has also approved the appointment of Mr. Parth B. Thakkar as an Additional Director (Non-Executive & Independent) for a five-year term beginning September 1, 2025, pending shareholder approval. Mr. Thakkar brings valuable experience in corporate and SEBI laws to the board.

Other Key Decisions

• The board recommended the appointment of M/s. Nishant Pandya & Associates as Secretarial Auditors for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval.
• The Nomination & Remuneration Committee and Stakeholders Relationship Committee will be reconstituted effective September 1, 2025.

These decisions reflect Gujarat Craft Industries' commitment to corporate governance and strategic growth. Shareholders and investors will be keenly watching how these changes impact the company's future direction and performance.