Indian Link Chain Manufacturers Announces Major Board Restructuring
Indian Link Chain Manufactures Limited (ILCML) has announced significant changes to its board of directors on November 6, 2025. Anay Chodankar has been appointed as the new Managing Director for a 5-year term. Rajendra Chodankar joins as a Non-Executive Director, while Gajanan Godbole and Riddhita Agrawal are appointed as Independent Directors for 5-year terms. Three existing directors, including Ashok Jain, Jaynish Kothari, and Bhavika Thakkar, have resigned due to a change in management following a takeover. Anay Chodankar, with experience from RRP Electronics Limited and a background in Mechanical Engineering and AI, is set to lead ILCML with a focus on innovation.
*this image is generated using AI for illustrative purposes only.
Indian Link Chain Manufactures Limited (ILCML) has unveiled significant changes to its board of directors, signaling a new chapter in the company's leadership. The restructuring, announced on November 6, 2025, includes the appointment of a new Managing Director and several board members, alongside the resignation of three existing directors.
Key Appointments
The company has made the following key appointments, subject to shareholder approval:
| Position | Appointee | Term |
|---|---|---|
| Managing Director | Anay Chodankar | 5 years (Nov 6, 2025 - Nov 5, 2030) |
| Non-Executive Director | Rajendra Chodankar | Not specified |
| Independent Director | Gajanan Godbole | 5 years (Nov 6, 2025 - Nov 5, 2030) |
| Independent Director | Riddhita Agrawal | 5 years (Nov 6, 2025 - Nov 5, 2030) |
New Leadership Profile
Anay Chodankar, the newly appointed Managing Director, brings experience from his role as Director at RRP Electronics Limited. With a background in Mechanical Engineering from Brunel University, London, and experience in AI facial recognition software in Japan, Chodankar is set to lead ILCML with a focus on innovation and operational efficiency.
Board Resignations
Concurrent with these appointments, the following directors have resigned, effective November 7, 2025:
- Ashok Jain (Non-Executive Independent Director)
- Jaynish Kothari (Non-Executive Independent Director)
- Bhavika Thakkar (Non-Executive Director)
The resignations are attributed to a change in management and control pursuant to a takeover.
Family Ties and Governance
It's worth noting that Anay Chodankar is the son of newly appointed Non-Executive Director Rajendra Chodankar, who brings over four decades of experience in the technology consulting industry, specializing in electro-optics.
Compliance and Expertise
The company has confirmed that none of the new appointees are debarred from holding directorship positions by SEBI or any other authority. The independent directors, Gajanan Godbole and Riddhita Agrawal, have affirmed their independence as per the Companies Act, 2013 and SEBI regulations.
Conclusion
This board restructuring marks a significant shift in ILCML's leadership, potentially setting the stage for new strategic directions and operational approaches. Shareholders and market observers will likely be watching closely to see how these changes impact the company's future performance and governance.
Historical Stock Returns for Indian Link Chain Manufactures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.00% | +20.43% | +24.49% | +476.56% | +1,029.89% | +1,265.42% |
20
