N R Agarwal Industries Ltd, a prominent player in the paper and packaging industry, has announced the appointment of Shri Mahendra Kumar Gupta as an Independent Director to its board. The appointment was approved through a special resolution passed at the company's 32nd Annual General Meeting (AGM) held on September 24, 2025.

Five-Year Term

Gupta has been appointed for a five-year term, commencing from September 24, 2025, to September 23, 2030. This appointment strengthens the company's board with additional expertise in various critical areas of business management.

Extensive Experience

With 30 years of experience under his belt, Mahendra Kumar Gupta brings a wealth of knowledge to N R Agarwal Industries. His expertise spans several key areas, including:

• Fund raising for expansion, projects, working capital, and corporate funding
• Strategic business planning
• Decision-making on product pricing
• Project monitoring
• ERP-SAP implementation
• Mapping of internal financial controls
• Income tax planning and regular assessments
• GST compliance
• Robust compliance management

Board Independence

The company has confirmed that Gupta has no relationships with other directors on the board, ensuring his independence in decision-making. Additionally, N R Agarwal Industries has stated that none of its directors are debarred from holding office, further emphasizing the integrity of its board composition.

Shareholder Approval

The appointment of Shri Mahendra Kumar Gupta received overwhelming support from the shareholders. According to the voting results:

Company Secretary Statement

Pooja Daftary, Company Secretary and Compliance Officer of N R Agarwal Industries Limited, confirmed the appointment in a statement to the stock exchanges. The company views this appointment as a strategic move to enhance its corporate governance and bring fresh perspectives to its board.

N R Agarwal Industries Ltd's decision to bring Mahendra Kumar Gupta on board aligns with its commitment to maintaining a strong and diverse leadership team. As the company continues to navigate the dynamic paper and packaging industry, Gupta's extensive experience is expected to contribute significantly to its strategic direction and growth initiatives.

N R Agarwal Industries Limited, a prominent player in the paper industry, has reported a fire incident at its Unit-I plant in Vapi, Gujarat. The incident, which occurred on September 19, 2025, at 6:15 p.m., has resulted in an estimated monetary loss of approximately Rs 4.00 crores and a production loss of about 2,300 MT.

Fire Incident Details

The fire originated in an electrical transformer and subsequently spread to the electrical PCC room, affecting various crucial components including VFDs (Variable Frequency Drives), ACBs (Air Circuit Breakers), and LT (Low Tension) and HT (High Tension) cables. The company swiftly responded to the emergency, utilizing its in-house firefighting systems and receiving additional support from GIDC Vapi fire tenders to bring the situation under control.

Impact and Recovery

The incident has temporarily halted operations at the Unit-I plant, which is located at Plot No.169, Phase II, GIDC, Vapi – 396 195, Dist. Valsad, Gujarat. However, N R Agarwal Industries has expressed optimism about a quick recovery, estimating that the plant will resume operations within 7 days.

Financial Implications and Insurance

To mitigate the financial impact of the incident, N R Agarwal Industries has filed an insurance claim under its Industrial All Risk Insurance Policy. The company's proactive approach in maintaining comprehensive insurance coverage is expected to help offset the losses incurred due to the fire.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, N R Agarwal Industries promptly informed the stock exchanges about the incident.

Company Response

Pooja Daftary, Company Secretary & Compliance Officer of N R Agarwal Industries Limited, officially communicated the incident to the stock exchanges, demonstrating the company's commitment to transparency and regulatory compliance.

The incident serves as a reminder of the operational risks faced by manufacturing companies and the importance of robust safety measures and insurance coverage in mitigating such risks. Investors and stakeholders will likely be watching closely as N R Agarwal Industries works to restore full operations at its Vapi plant in the coming days.