Mangalam Seeds Limited has announced the appointment of Mr. Sanjaykumar J. Shah as a Non-Executive Independent Director, effective September 11, 2025. The appointment, approved by the company's Board of Directors, is for a five-year term and is subject to shareholder approval at the upcoming Annual General Meeting (AGM) scheduled for September 29, 2025.

Key Details of the Appointment

• Director's Profile: Mr. Sanjaykumar J. Shah holds a Bachelor of Science (B.Sc.) degree and brings valuable experience in business activities, management, administration, and corporate governance.
• Term: The appointment is for a five-year term, starting from September 11, 2025.
• Position: Non-Executive Independent Director (Additional Director)
• DIN: 08509524
• Shareholding: Mr. Shah does not hold any shares in Mangalam Seeds Limited.
• Independence: The company has affirmed that Mr. Shah is not debarred from holding directorial positions by any statutory authority.

Appointment Process and Compliance

The appointment of Mr. Shah was based on the recommendation of the Nomination and Remuneration Committee. It aligns with the regulatory requirements, including:

• Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Regulation 17(1C) and Regulation 25(2A) of the Listing Regulations
• Relevant provisions of the Companies Act, 2013

Impact on Corporate Governance

Mr. Shah's appointment is expected to strengthen Mangalam Seeds Limited's governance framework. His analytical approach, integrity, and commitment to organizational growth are anticipated to contribute effectively to the company's strategic decision-making and policy formulation processes.

AGM and Shareholder Approval

The company has issued a corrigendum to include an additional item in the Notice of AGM regarding the regularization of Mr. Shah's appointment. This corrigendum will be dispatched to all shareholders through permitted modes and uploaded on the company's website and stock exchange platforms.

Conclusion

The appointment of Mr. Sanjaykumar J. Shah as an Independent Director reflects Mangalam Seeds Limited's commitment to enhancing its board diversity and expertise. Subject to shareholder approval, Mr. Shah's five-year tenure is set to commence on September 11, 2025, potentially bringing fresh perspectives to the company's leadership team.

Mangalam Seeds Limited , a prominent player in the agricultural sector, has announced significant changes to its board composition, marking a new chapter in the company's governance structure.

Board Transition

The company has bid farewell to two of its long-serving Independent Directors, Mr. Samir Jitendrabhai Shah and Mrs. Riddhi Nimit Shah, who completed their terms on June 20, 2025. Both directors had been serving on the board since May 2015, contributing their expertise for a decade.

With the departure of Mr. Shah and Mrs. Shah, the company has seen changes in key committee positions:

• Mr. Samir Jitendrabhai Shah stepped down from his roles as Chairman of the Audit Committee, Nomination & Remuneration Committee, and Stakeholders' Relationship Committee.
• Mrs. Riddhi Nimit Shah relinquished her positions as Member of the Audit Committee, Nomination & Remuneration Committee, Stakeholders' Relationship Committee, and Corporate Social Responsibility Committee.

New Appointments

In a move to maintain board strength and bring fresh perspectives, Mangalam Seeds Limited has appointed two new Independent Directors:

1. Mr. Ashish Damodarbhai Patel:

   • Appointed for a five-year term starting July 23, 2025
   • Holds an MBA in Marketing and a background in Mechanical Engineering
   • Brings experience in technical sales and business development
   • Known for his ability to bridge product design with customer needs and business strategy

2. Mrs. Siddhi Arjun Shah:

   • Appointed for a five-year term starting July 23, 2025
   • A practicing Company Secretary with an MBA in Finance
   • Brings over 10 years of professional experience in corporate law and compliance
   • Founder of a consulting firm specializing in corporate law and regulatory advisory

Both appointments are subject to shareholder approval at the upcoming Annual General Meeting.

Board's Appreciation

The Board of Directors and Management of Mangalam Seeds Limited have expressed their deep appreciation for the invaluable contributions, guidance, and services rendered by Mr. Samir Jitendrabhai Shah and Mrs. Riddhi Nimit Shah during their tenure as Independent Directors.

Regulatory Compliance

These changes in the board composition have been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed the BSE Limited of these changes, ensuring transparency in its corporate governance practices.

The appointment of Mr. Patel and Mrs. Shah is expected to bring new insights and expertise to Mangalam Seeds Limited's board, potentially contributing to the company's future growth and strategic direction in the agricultural sector.