Gujarat Investa Appoints Three New Directors and Secretarial Auditor at Annual General Meeting

Gujarat Investa Limited, formerly known as Ashtasidhhi Industries Limited, has made significant changes to its leadership team and corporate governance structure at its 33rd Annual General Meeting (AGM) held on September 25. The company, listed on the BSE with the script code 531341, announced the appointment of three new directors and a secretarial auditor.

New Director Appointments

The shareholders approved the appointment of three new directors, each bringing unique expertise to the company's board:

Executive Director

• Ms. Umang Khaitan (DIN: 06519006)
  • Over 10 years of experience in B2B sales and marketing
  • Consistent achiever with more than 20% year-on-year growth in sales revenues
  • Known for exceptional communication, techno-commercial knowledge, and strong leadership abilities

Non-Executive Non-Independent Director

• Mr. Anjani Radheshyam Agarwal (DIN: 00394836)
  • Promoter of the company with over 25 years of experience in the Textile Industry
  • Brother of existing director Mr. Purushottam Agarwal
  • Described as an entrepreneur and textile magnate with dynamic vision

Non-Executive Independent Director

• Mr. Sudhir Kumar Asthana (DIN: 10846983)
  • Post Graduate in Textile Chemistry from Sasmiras Institute of Management Studies and Research
  • 32 years of experience in the home textile industry
  • Appointed for a term of five years

Secretarial Auditor Appointment

The AGM also approved the appointment of M/s. Umesh Ved & Associates as the company's Secretarial Auditor for a period of five years. The firm, established in 1998, specializes in corporate management consultancy and legal compliance services.

Other AGM Proceedings

The AGM, which commenced at 11:00 A.M. and concluded at 12:15 P.M., was chaired by Mr. Purushottam R. Agarwal. The meeting addressed several other matters, including:

• Adoption of financial statements
• Reappointment of Mr. Purushottam Radheshyam Agarwal as a director
• Approval for material related party transactions with Anunay Fab Limited

Gujarat Investa has also made efforts to enhance shareholder communication by providing web links to access the Annual Report and encouraging shareholders to register their email IDs for future communications.

These appointments and changes signify Gujarat Investa's commitment to strengthening its leadership and corporate governance structure as it moves forward in the textile industry.