Board Composition Update

Gujarat Inject Kerala Limited has recently announced changes to its board composition. The company has informed the public about the appointment of a new director and the cessation of an existing director's term.

New Appointment

Mr. Suresh Kumar Jain has been appointed as an Additional Director of the company. This appointment is effective from February 14, 2024, and Mr. Jain will serve in the capacity of a Non-Executive Independent Director.

Director Cessation

Concurrently, the company has announced the cessation of Mr. Kunal Karan from his role as a Director. Mr. Karan's term ended on February 14, 2024.

Implications

These changes in the board composition may influence the company's governance structure. Shareholders and investors may want to monitor any subsequent announcements or changes in company policies that could result from this board restructuring.

Stakeholders may find it beneficial to review the backgrounds and expertise of the incoming and outgoing directors to better understand the potential impact on the company's operations and decision-making processes.

Conclusion

As Gujarat Inject Kerala Limited implements these changes in leadership, stakeholders may wish to observe how these appointments affect the company's performance and strategic initiatives in the future.

Gujarat Inject Kerala Limited (GIKL) has announced significant changes to its leadership team, appointing three new directors during a board meeting held on July 7, 2025. The company, listed on the BSE with the scrip code 524238, has made these appointments to strengthen its governance and executive management.

New Independent Directors

Two seasoned professionals have been appointed as Additional Independent Directors, each for a term of five years, subject to shareholder approval:

1. Mr. Rushiraj Zaverbhai Patel (DIN: 08017580): An accomplished business adviser with a focus on accelerating the growth of MSMEs in Western India. Mr. Patel, an alumnus of L.M. College of Pharmacy and Indian Institute of Management, Ahmedabad, has a track record of successful organizational turnarounds and has advised numerous individuals, including the Hon. Prime Minister of India.

2. Mr. Nileshbhai V. Rangholiya (DIN: 10877616): An experienced professional in the construction industry since 2004, Mr. Rangholiya brings expertise in project management and execution of complex infrastructure and commercial projects.

New Executive Director and CFO

Mr. Dipak Diwan (DIN: 05302407) has been appointed to dual roles:

• Additional Executive Director: Effective July 7, 2025, for a five-year term.
• Chief Financial Officer (CFO): Effective July 15, 2025, also for a five-year term.

Mr. Diwan is described as an entrepreneur and strategist with over 15 years of experience in cross-border trade, logistics, and ESG-driven sustainability initiatives. He has expertise in building international supply chains and scaling green ventures across the GCC, Europe, and India.

Key Points of the Appointments

• All appointments are subject to shareholder approval.
• The new directors are not related to the company's promoters or promoter groups.
• The independent directors meet the independence criteria as per applicable regulations.
• The appointments aim to enhance the company's leadership and governance structure.

Correction in Appointment Date

GIKL issued a revised outcome notice to correct a typographical error regarding Mr. Diwan's CFO appointment date. The corrected date for his assumption of the CFO role is July 15, 2025, not July 7, 2025, as initially stated.

The board meeting where these appointments were made commenced at 11:15 AM and concluded at 11:45 AM on July 7, 2025. These strategic appointments are expected to bring fresh perspectives and expertise to Gujarat Inject Kerala Limited as it moves forward in its business operations.