Incredible Industries Limited , a company listed on multiple stock exchanges including BSE, NSE, and the Calcutta Stock Exchange, has announced a significant change in its board composition.

Board Change Details

Niket Agarwal has submitted his resignation from the position of Non-Executive (Non Independent) Director of Incredible Industries Limited. The company has formally communicated this board change to the relevant stock exchanges in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Disclosure

The resignation letter was received by the company on November 5, 2025. In its official communication to the stock exchanges, Incredible Industries Limited stated that Mr. Agarwal's resignation is due to "some personal reasons at his end."

The company's Chairman and Managing Director, Rama Shankar Gupta (DIN: 07843716), signed the disclosure document, ensuring transparency and adherence to regulatory requirements.

This board change comes as a significant development for Incredible Industries Limited, an ISO 9001:2015, 14001:2015 & 45001:2018 certified organization.

Investors and stakeholders are advised to keep track of any further announcements from the company regarding potential replacements or changes in board structure following this resignation.

Incredible Industries Limited has successfully completed the sale of its Wind Mill unit K-342 to Technosteel Infraprojects Private Limited for Rs. 1.50 crore. This move comes after the Board of Directors approved the sale in February 2024.

Transaction Details

Financial Impact

The wind mill unit's contribution to Incredible Industries' financials was relatively small:

About the Buyer

Technosteel Infraprojects Private Limited is engaged in manufacturing pre-stressed wire for railway sleepers and RCC cement poles. The company is not related to Incredible Industries' promoter group, and the transaction is not classified as a related party transaction.

This sale aligns with Incredible Industries' strategy to optimize its asset portfolio. By divesting a non-core asset that contributed minimally to the company's overall revenue, Incredible Industries may be positioning itself to focus on more profitable ventures or to streamline its operations.

Investors and stakeholders should note that while this transaction represents a small portion of Incredible Industries' total assets and revenue, it demonstrates the company's active management of its portfolio.