Jattashankar Industries has announced significant changes to its leadership team and approved several key resolutions at its 37th Annual General Meeting (AGM) held on September 20, 2025. The company, which specializes in textile manufacturing, has made strategic appointments to strengthen its management structure and drive future growth.

New Leadership Appointments

The AGM saw the appointment of several key executives to the company's leadership:

• Keval Jayanti Khudai has been appointed as the Managing Director for a three-year term. Mr. Khudai, who holds 700,000 shares in the company, brings over eight years of experience in business development and sales to his new role.

• Vishal Prakashbhai Ashara has been regularized from Additional Director to Executive Director for a five-year term. Mr. Ashara, also holding 700,000 shares, has two years of administrative experience.

• Nileshbhai Bhagvanji Bapodara has been appointed as Whole Time Director for a three-year term. With 721,933 shares and 15 years of business development experience, Mr. Bapodara is expected to contribute significantly to the company's growth strategies.

• Harsh Pankajkumar Nayak, a Chartered Accountant with eight years of audit experience, has been regularized as an Independent Director for a five-year term.

• Siddharth Parshottam Gajra, a Company Secretary serving on multiple company boards, has also been regularized as an Independent Director for a five-year term.

Key Resolutions Approved

In addition to the leadership appointments, the AGM approved several important resolutions:

1. Secretarial Auditor Appointment: B.S. Vyas & Associates has been appointed as the Secretarial Auditor for a five-year term.

2. Registered Office Relocation: The company has approved shifting its registered office from Mumbai to Pune, subject to necessary approvals.

3. Memorandum of Association Amendment: Shareholders approved amendments to the Object Clause of the company's Memorandum of Association.

4. Borrowing Limits: The overall borrowing limit of the company under section 180(1)(c) of the Companies Act, 2013, has been approved.

5. Creation of Charges: Approval was granted under Section 180(1)(a) for the creation of mortgages or charges on the company's assets and properties.

6. Loans and Guarantees: The company received approval to give loans, guarantees, and provide security under Section 185 of the Companies Act, 2013.

7. Investment Limits: Shareholders approved making investments, giving loans, guarantees, and security in excess of limits specified under section 186 of the Companies Act, 2013.

Voting Results

All resolutions put forth at the AGM were passed with a 100% approval rate from the voting shareholders. The e-voting process saw participation from both promoter groups and public shareholders, with a total of 3,295,008 valid votes cast across most resolutions.

Jattashankar Industries' strategic appointments and approved resolutions signal a proactive approach towards strengthening its governance and operational capabilities. These changes are expected to position the company for sustained growth and enhanced shareholder value in the coming years.

Investors and stakeholders will be watching closely to see how these new appointments and approved measures translate into business performance and market positioning for Jattashankar Industries in the competitive textile manufacturing sector.

Jattashankar Industries Limited has announced a series of significant changes to its organizational structure and business focus, as detailed in the outcome of its board meeting held on August 22, 2025.

Key Management Changes

The company has undergone several important management changes:

• New Secretarial Auditor: Following the resignation of Kala Agarwal, the board has appointed M/s B.S. Vyas & Associates as the new Secretarial Auditor for a five-year term from 2025-26 to 2029-30, subject to shareholder approval. B.S. Vyas & Associates, based in Ahmedabad, brings over 10 years of experience and holds a valid Peer Review Certificate (6214/2024).

• Chief Financial Officer Appointment: Ms. Meghanaben Chiragbhai Patel has been appointed as the new Chief Financial Officer (CFO) and Key Managerial Personnel, effective August 22, 2025. Ms. Patel, born on May 10, 1992, brings over five years of experience in finance, strategy, M&A, business development, and risk management across various sectors including healthcare, real estate, engineering, and financial services.

Strategic Business Shifts

Jattashankar Industries has also announced two major strategic changes:

1. Relocation of Registered Office: The company plans to shift its registered office from Mumbai to Pune, subject to shareholder and regulatory approvals. The new address will be Shop No: 75/2/2B, Wing-B, Unit No-615, 6th Floor, South Block, "Sacred World", Wanawadi, Pune-411040.

2. Change in Business Focus: The board has approved an amendment to the company's Memorandum of Association to alter its object clause. The new focus will be on:

   • Trading and distribution of agriculture products, edible oils, and food products
   • Setting up manufacturing and processing facilities for these products
   • Engaging in wholesale and retail trade of agriculture products, edible oils, and related consumer goods
   • Developing and promoting brands related to these product lines

Upcoming Annual General Meeting

The 37th Annual General Meeting (AGM) of Jattashankar Industries is scheduled for September 20, 2025, at 12:00 PM IST. The meeting will be held via video conferencing, in accordance with the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

These changes mark a significant shift in Jattashankar Industries' business strategy and management structure, potentially positioning the company for growth in the agriculture and food products sector.