Jattashankar Industries Limited, a Mumbai-based company, has significantly expanded its business scope and made several key appointments during its 37th Annual General Meeting (AGM) held on September 20, 2025. The shareholders approved a series of resolutions that signal a major shift in the company's strategic direction.

Expansion of Business Scope

The most notable change was the amendment to the company's Memorandum of Association, specifically altering the Object Clause. This amendment broadens Jattashankar Industries' business scope to include:

• Purchase, sale, supply, import, export, trading, and distribution of agriculture products, edible oils, food products, commodities, and allied goods
• Establishment and operation of manufacturing and processing facilities, refineries, warehouses, silos, cold storages, and packaging units
• Engagement in wholesale and retail trade of agriculture products, edible oils, food staples, processed foods, specialty fats, and allied consumer products
• Development and promotion of brands, trademarks, labels, and packaging related to the new business areas

This strategic move positions the company to diversify its operations and potentially tap into the growing agriculture and food processing sectors.

Key Appointments and Governance Changes

The AGM also saw the approval of several important appointments:

1. Mr. Keval Jayanti Khudai was appointed as the Managing Director for a term of three years.
2. Mr. Vishal Prakashbhai Ashara's designation changed from Additional Director to Executive Director for a five-year term.
3. Mr. Nileshbhai Bhagvanji Bapodara was appointed as a Whole Time Director for three years.
4. Mr. Siddharth Parshottam Gajra and Mr. Harsh Pankajkumar Nayak were regularized as Independent Directors for five-year terms.

Additionally, the company appointed M/s B.S. Vyas & Associates as the Secretarial Auditor for a five-year term.

Other Key Resolutions

Shareholders also approved several other significant resolutions:

• Shifting of the registered office from Mumbai to Pune
• Increase in the overall borrowing limit under Section 180(1)(c) of the Companies Act, 2013
• Approval for creation of mortgage or charge on the company's assets
• Authorization to give loans, guarantees, and provide security under Sections 185 and 186 of the Companies Act, 2013

Voting Results

All resolutions were passed with 100% approval from the voting shareholders. The AGM saw participation from 5 promoters and promoter group members, and 44 public shareholders through video conferencing.

These developments indicate that Jattashankar Industries is embarking on a significant transformation, expanding its business horizons while strengthening its governance structure. The unanimous approval of all resolutions suggests strong shareholder support for the company's new direction and leadership changes.

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.