PG Foils Limited, a leading player in the foil industry, has announced significant changes to its board composition and upcoming Annual General Meeting (AGM) plans. The company's Board of Directors convened on September 4, 2025, making crucial decisions that will shape its leadership structure for the coming years.

Board Re-appointments

The board has approved the re-appointment of two key directors, subject to shareholder approval at the upcoming 46th AGM:

1. Mrs. Sakshi Sahil Shah: Re-appointed as a Non-Executive Non-Independent Director for a five-year term, effective September 5, 2025.
2. Mr. Amit Aggarwal: Re-appointed as a Non-Executive Independent Director for a four-year term, also effective September 5, 2025.

Profile: Mrs. Sakshi Sahil Shah

Mrs. Sakshi Sahil Shah brings a wealth of experience and familial ties to her role:

• Holds an MBA in Management from Amity University, Jaipur
• Daughter-in-law of Managing Director Mr. Pankaj P Shah
• Wife of Whole-Time Director Mr. Sahil P Shah
• Responsibilities include administration, operations, and business development
• Known for her multidisciplinary approach and strategic insights

Profile: Mr. Amit Aggarwal

Mr. Amit Aggarwal's re-appointment is notable for his:

• Significant experience in the field of marketing
• Expertise in market dynamics and strategic promotion
• Contributions to the company's strategic insights and decision-making processes

46th Annual General Meeting

The board has also approved the notice for PG Foils Limited's 46th Annual General Meeting. This upcoming AGM will be crucial as shareholders will vote on the re-appointment of both Mrs. Shah and Mr. Aggarwal.

Board Meeting Details

These board decisions reflect PG Foils Limited's commitment to maintaining a strong and diverse leadership team. The re-appointments, pending shareholder approval, aim to ensure continuity in the company's governance and strategic direction for the coming years.

PG Foils , a prominent player in the aluminum foil industry, has reported a fire incident at its manufacturing facility located in Pipalia Kalan, Pali district, Rajasthan. The company has disclosed that the estimated loss from the fire ranges between Rs 2.50 crore to Rs 3.00 crore.

Impact on Operations

The fire has led to a partial suspension of operations at the affected plant. PG Foils has stated that some of the plant's activities have been temporarily halted due to the incident. However, the extent and duration of this partial suspension remain unclear.

Financial Implications

While the fire has resulted in significant damage, PG Foils has assured stakeholders that the loss is adequately covered by insurance. This coverage is expected to mitigate the financial impact on the company's balance sheet.

Damage Assessment

The company has provided an initial estimate of the damage caused by the fire:

Next Steps

PG Foils is likely to conduct a thorough assessment of the damage and work towards resuming full operations at the Pipalia Kalan plant. The company has not yet provided a timeline for the complete restoration of the facility.

Investors and stakeholders will be watching closely for further updates on the incident's long-term impact on the company's production capabilities and financial performance. PG Foils may release additional information as the situation develops and a more detailed evaluation of the fire's consequences is completed.