Rajdarshan Industries Limited, a company listed on both the National Stock Exchange and Bombay Stock Exchange, has announced significant leadership and governance changes following its 44th Annual General Meeting (AGM) held on September 30, 2025.

CEO Reappointment

The shareholders have approved the reappointment of Mr. Devendra Sharma as the CEO and Managing Director of Rajdarshan Industries for a five-year term, commencing from February 1, 2026, to January 31, 2031. Mr. Sharma, who holds a Master's degree in Commerce with a specialization in Business and Administration, has been a long-standing leader in the company.

According to the company's filing, Mr. Sharma has played a pivotal role in formulating and implementing Rajdarshan's business strategies and has been instrumental in driving its expansion and diversification plans. His responsibilities include mentoring the leadership team and guiding various aspects of operations, business development, and long-term planning.

New Secretarial Auditor

In addition to the CEO reappointment, the shareholders approved the appointment of M/s Ronak Jhuthawat & Co. as the company's Secretarial Auditor for a period of five consecutive years, starting from the financial year 2025-26 to 2029-30. The appointment was effective from May 29, 2025.

M/s Ronak Jhuthawat & Co. brings over 11 years of experience in corporate laws, SEBI regulations, and capital market transactions. The firm specializes in various areas including Corporate Laws, Industrial Laws, Intellectual Property Laws, SEBI Laws, Insolvency and Bankruptcy laws, RBI Guidelines, Legal Due Diligence, Mergers and Acquisitions, and Listing.

Other AGM Proceedings

The AGM, conducted through video conferencing, also addressed other important matters:

1. Adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2025.
2. Re-appointment of Mrs. Aruna Doshi as a Director, who was retiring by rotation.
3. Approval of material related party transactions with Madhav Surfaces FZC LLC.

The meeting, which began at 3:00 PM IST, concluded at 3:16 PM, with e-voting remaining open for an additional 15 minutes after the conclusion.

These appointments and approvals reflect Rajdarshan Industries' commitment to maintaining strong leadership and ensuring compliance with regulatory requirements as it moves forward with its business strategies and expansion plans.

Rajdarshan Industries Limited (RIL) has announced the reappointment of Mr. Devendra Sharma as the company's CEO and Managing Director for another five-year term, subject to shareholder approval. This decision, made by the Board of Directors on September 4, 2025, comes as a strong vote of confidence in Sharma's leadership and vision for the company's future.

Board Approval and Shareholder Vote

The Board of Directors, acting on recommendations from the Nomination & Remuneration Committee, approved Sharma's reappointment for a term beginning February 1, 2026. This decision will be put to a vote at the upcoming 44th Annual General Meeting (AGM) scheduled for September 30, 2025, where shareholders will have the final say through a Special Resolution.

Sharma's Credentials and Contributions

Mr. Devendra Sharma, who holds a Master's degree in Commerce with a specialization in Business and Administration, has been a key figure in Rajdarshan Industries' leadership for several years. His tenure has been marked by significant contributions to the company's growth and overall performance.

Strategic Impact on Rajdarshan Industries

During his time at the helm, Sharma has been instrumental in:

• Formulating and implementing crucial business strategies
• Driving the company's expansion and diversification plans
• Actively mentoring the leadership team
• Guiding various aspects of operations, business development, and long-term planning

Regulatory Compliance and Disclosure

In compliance with SEBI regulations, Rajdarshan Industries has confirmed that Mr. Sharma is not debarred from holding directorship in any listed company by SEBI or any other authority. This reappointment aligns with the company's commitment to maintaining strong and consistent leadership.

Looking Ahead

The proposed reappointment of Mr. Devendra Sharma signals Rajdarshan Industries' intent to maintain continuity in its leadership and strategic direction. As the company moves forward, stakeholders will be watching closely to see how Sharma's continued leadership will shape the next phase of Rajdarshan Industries' growth and market position.

The final decision now rests with the shareholders, who will have the opportunity to vote on this reappointment at the upcoming AGM, potentially charting the course for Rajdarshan Industries' leadership until 2031.