Innovators facade systems Limited has announced the resignation of a board member due to health-related concerns. The company filed the requisite regulatory disclosure with BSE Limited on January 23, 2026, in compliance with SEBI listing obligations.

Director Resignation Details

Mr. Shivchand Sharma (DIN: 00298265) tendered his resignation as Non-Executive Non Independent Director of the company, effective January 23, 2026. The resignation was submitted due to health conditions associated with aging, as stated in his formal resignation letter.

Regulatory Compliance

The company fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Company Secretary & Compliance Officer Nitin Kore (Mem. No. A37732) filed the intimation with BSE Limited, providing comprehensive details of the directorship change.

Committee Memberships

Along with his directorship resignation, Mr. Sharma also stepped down from his membership in various board committees where he served as a member. The resignation encompasses all his roles and responsibilities within the company's governance structure.

Confirmation Statement

Mr. Shivchand Sharma confirmed in his resignation letter that there are no material reasons for his departure other than the health conditions mentioned. This confirmation was included in the regulatory filing to ensure complete transparency regarding the circumstances of his resignation.

Documentation

The company attached the complete resignation letter along with Annexure A, which provides detailed information as required under SEBI regulations. The filing includes confirmation that the resigning director holds no directorships in other listed entities and that all disclosure requirements have been met.

Innovators Facade Systems Limited has secured a major work order valued at ₹57.63 crores (excluding taxes) from Avante Spaces Limited for facade works at a mixed-use development project in Kothrud, Pune. The company disclosed this material information to BSE Limited, in compliance with SEBI listing regulations.

Project Details and Scope

The awarded contract covers comprehensive facade solutions for the mixed-use development project located in Kothrud, Pune. The work scope includes design, supply and installation of facade and allied works, including Building Maintenance Unit (BMU) works on a Nominated Sub-Contractor (NSC) basis.

Contract Terms and Timeline

The order has been awarded by a domestic entity, Avante Spaces Limited, and carries an expected completion period of 12 calendar months from the date of commencement. This timeline indicates a substantial project scope that will contribute to the company's revenue stream over the next year.

Regulatory Compliance

The company has confirmed that the promoter/promoter group/group companies have no interest in the entity that awarded the order. Additionally, the transaction does not fall within the definition of a related party transaction as specified under the provisions of the Companies Act, 2013.

Company Information

Innovators Facade Systems Limited, with its head office located in Thane, Maharashtra, specializes in facade systems and related construction works. The company operates a factory in Kudus, Palghar, Maharashtra, and maintains its corporate identification number as U45200MH1999PLC120229.