Indian Link Chain Manufactures has undergone significant changes in ownership and management structure, as revealed in recent corporate filings. These developments mark a pivotal moment for the company.

Acquisition Details

Rajendra Kamalakant Chodankar, a promoter of Indian Link Chain Manufacturers Limited, has successfully completed an open offer to acquire up to 7,93,000 equity shares representing 26% of the company at Rs. 71 per share. Prior to this, the acquirer had entered into an agreement to acquire 10,00,000 equity shares representing 32.79% from promoter sellers. The offer period ran from October 23 to November 6, 2025.

The details of the acquisition are as follows:

Post-acquisition, Chodankar's holdings represent 37.38% of the total voting capital and 62.70% of the diluted share capital. The company's equity share capital remains at 26,75,000 shares, while the total diluted share capital stands at 79,75,000 shares.

Board Restructuring

Following the change in ownership, the company has announced several changes to its board of directors:

New Appointments

Resignations

The following directors have resigned, effective from the close of business hours on 7th November 2025:

• Ashok Jain (Independent Director)
• Jaynish Kothari (Independent Director)
• Bhavika Thakkar (Non-Executive Director)

Key Management Profile

Anay Chodankar, the newly appointed Managing Director, brings a technical background and international experience to the role. He holds a Bachelor's degree in Mechanical Engineering from Brunel University, London, and has previously worked with Ayonix Japan on AI facial recognition software. His expertise in operational efficiency and innovation in the electronics industry is expected to contribute to the company's future strategies.

Rajendra Chodankar, appointed as a Non-Executive Director, has over four decades of experience in the technology consulting industry, specializing in electro-optics. His expertise spans medical devices, thermal imaging systems, and night vision devices.

These changes reflect a significant shift in the company's leadership and potentially its strategic direction. Shareholders and market observers will be watching how these new appointments and the change in ownership structure may impact the company's future performance and strategic initiatives.

As Indian Link Chain Manufacturers Limited navigates this transition, stakeholders will be looking for signs of how these changes might influence its market position and operational focus in the coming months.

Indian Link Chain Manufactures (ISIN: INE359D01024) announced a significant change in its key compliance position. Ms. Anjali Bamboria has resigned from her roles as Company Secretary and Compliance Officer, effective November 25, 2025.

Resignation Details

The company disclosed this information in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Here are the key details of the resignation:

Impact and Compliance

The resignation of a Company Secretary and Compliance Officer is a significant event for any listed company, as these roles are crucial for ensuring regulatory compliance and maintaining good corporate governance practices. Indian Link Chain Manufacturers will need to fill this position promptly to maintain its compliance with SEBI regulations.

Company's Response

The company has informed the BSE Limited about this development, adhering to the disclosure requirements. The board of directors received Ms. Bamboria's resignation letter, citing personal reasons related to the change in management and control following a takeover.

Looking Ahead

While the company has not yet announced a replacement, it is expected that Indian Link Chain Manufacturers will be seeking a new Company Secretary and Compliance Officer to ensure continuity in its regulatory compliance efforts. Stakeholders and investors should stay informed about further updates on this transition in the company's key compliance role.

This development underscores the importance of transparency in corporate communications, especially during periods of significant organizational changes such as takeovers or management shifts.