Incredible Industries Limited's Board of Directors held a meeting on January 8, 2026, approving significant corporate governance decisions in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting focused on formalizing the appointment process for a new director through postal ballot procedures.

Director Appointment Through Postal Ballot

The primary agenda item involved the approval of a postal ballot notice for Mr. Raj Prakash Verma's appointment as a Non-Executive (Non-Independent) Director of the company. Mr. Verma, holding Director Identification Number (DIN) 09305391, was initially appointed as an Additional Director during the board meeting held on November 14, 2025.

E-Voting Infrastructure and Timeline

The board appointed Central Depository Services (India) Limited (CDSL) as the service provider for e-voting facilities related to the postal ballot process. This appointment ensures shareholders can participate in the voting process through electronic means, enhancing accessibility and transparency.

The company established January 2, 2026, as the cut-off date for the postal ballot notice, determining shareholder eligibility for participation in the voting process.

Corporate Governance Framework

The board meeting demonstrates Incredible Industries Limited's commitment to proper corporate governance procedures. The company, which holds ISO certifications for quality management (9001:2015), environmental management (14001:2015), and occupational health and safety (45001:2018), continues to maintain regulatory compliance across multiple stock exchanges.

The meeting was chaired by Mr. Rama Shankar Gupta, Chairman and Managing Director (DIN: 07843716), who digitally signed the disclosure document on January 8, 2026. The company maintains its corporate office at Lansdowne Towers, Sarat Bose Road, Kolkata, and operates in the steel sector with a small-cap market classification.

Incredible Industries Limited has announced the release of pledge on a significant shareholding by Mahananda Suppliers Limited following the complete repayment of a term loan. The disclosure, made under Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, marks a notable development in the shareholding pattern of the target company.

Details of Pledge Release

Mahananda Suppliers Limited released pledge on 86.26 lakh shares of Incredible Industries Limited, representing 18.45% of the company's total share capital. The encumbrance was released following the full repayment of a term loan to SREL Infrastructure Finance Limited.

Current Shareholding Position

Post the pledge release, Mahananda Suppliers Limited's shareholding structure in Incredible Industries Limited has been updated. The company continues to maintain a substantial stake in the target company without any encumbrance on the released shares.

Regulatory Compliance

The disclosure was submitted to multiple stock exchanges where Incredible Industries Limited shares are listed, including BSE, NSE, and Calcutta Stock Exchange.

The release of this substantial pledge represents a significant improvement in the liquidity position of Mahananda Suppliers Limited's shareholding in Incredible Industries Limited. With the complete removal of encumbrance on 18.45% of the share capital, the promoter now holds its entire 35.50% stake without any restrictions, providing greater flexibility in corporate decision-making and potential future transactions.