Pioneer Agro Extracts Appoints Ms. Ritu Sharma as Independent Director
Pioneer Agro Extracts Ltd has appointed Ms. Ritu Sharma as an Independent Director for a five-year term starting October 1, 2025, subject to shareholder approval. This appointment coincides with the end of Mrs. Neeraj P. Sharma's tenure as Independent Director. The company also approved the notice for the 33rd AGM, the Director's Report for FY 2024-2025, appointed a new Secretarial Auditor, and reconstituted various board committees.
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Pioneer Agro Extracts Ltd has announced a significant change in its board composition, appointing Ms. Ritu Sharma as an Independent Director for a five-year term. This appointment comes as part of the company's ongoing efforts to strengthen its corporate governance structure.
Board Approval and Appointment Details
The Board of Directors of Pioneer Agro Extracts, in their meeting held on August 27, 2025, approved the appointment of Ms. Ritu Sharma (DIN: 11239320) as an Independent Director. This decision was based on the recommendation of the Nomination and Remuneration Committee. Ms. Sharma's tenure is set to commence on October 1, 2025, for a period of five consecutive years, subject to shareholder approval at the company's upcoming 33rd Annual General Meeting.
Ms. Sharma's Background
Ms. Ritu Sharma brings a wealth of experience to her new role, particularly in the areas of administration and finance. The company's disclosure emphasized that she is not related to any existing members of the Board, ensuring independence in her role.
Regulatory Compliance
In compliance with regulatory requirements, Pioneer Agro Extracts has confirmed that Ms. Sharma is not debarred from holding a directorship position by the Securities and Exchange Board of India (SEBI) or any other regulatory authority. This attestation aligns with the BSE Circular No. LIST/COMP/14/2018-19 dated June 20, 2018.
Board Transition
The appointment of Ms. Sharma coincides with the completion of tenure of Mrs. Neeraj P. Sharma (DIN: 07113928), who will cease to be an Independent Director of the company upon completing two consecutive terms of five years each on September 30, 2025. The Board has expressed its deep appreciation for Mrs. Neeraj P. Sharma's extensive contribution and stewardship during her tenure.
Additional Board Decisions
In the same board meeting, Pioneer Agro Extracts made several other key decisions:
- Approval of the notice and agenda for the 33rd Annual General Meeting scheduled for September 27, 2025.
- Approval of the Director's Report for the Financial Year 2024-2025.
- Appointment of M/s. Karan Khurana & Associates as the Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval.
- Re-constitution of various board committees effective October 1, 2025, including the Audit Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee.
These changes reflect Pioneer Agro Extracts' commitment to maintaining strong corporate governance practices and ensuring a diverse and experienced board to guide the company's future growth and development.
