RCI Industries Completes Major Board Restructuring with New Leadership Team
RCI Industries and Technologies Limited has completed a major board restructuring following its emergence from CIRP, appointing new leadership including Chairman Dhruv Singla and three independent directors. The company also appointed new key managerial personnel, reconstituted all board committees, and designated new auditors as part of its post-insolvency transformation.
*this image is generated using AI for illustrative purposes only.
RCI Industries and Technologies Limited has completed a comprehensive board restructuring following a board meeting held on January 6, 2026. The company, which recently emerged from Corporate Insolvency Resolution Process (CIRP), has appointed new leadership and reconstituted its governance structure as part of its post-resolution transition.
New Leadership Appointments
The board has made several key appointments to strengthen its leadership team:
| Position: | Name | DIN | Term |
|---|---|---|---|
| Chairman & Executive Director | Mr. Dhruv Singla | 02837754 | 5 years |
| Independent Director | Dr. Venkatagowri Sankara Jayaram Pyla | 09844868 | 3 years |
| Independent Director | Mr. Satinder Singh | 11453680 | 3 years |
| Independent Director | Mrs. Neerja Chathley | 08448077 | 3 years |
Mr. Dhruv Singla, appointed as Chairman and Executive Director, brings 11 years of experience in financial, accounting, taxation, fund management, and auditing. He holds a B.Com (Honors) degree in Economics from Punjab University and a Master's degree in International Management from King's College, United Kingdom. Mr. Singla is the cousin of Mr. Pranav Singla, the company's Managing Director.
Dr. Venkatagowri Sankara Jayaram Pyla is a retired Indian Artillery Colonel with 27 years of distinguished service and holds a Doctorate in Spatial Information Technology. He previously served as Director - Future Technologies at the National Security Council and currently serves as CEO & Managing Director of NextStrat TechVision LLP.
Mr. Satinder Singh is a Chartered Accountant and Insolvency Professional with over three decades of leadership experience in banking. He retired as Assistant General Manager from Punjab National Bank after extensive experience in Branch Management, Credit Management, Internal Audit, and compliance.
Mrs. Neerja Chathley brings over 36 years of experience in education with Master's degrees in Education and Music, having made substantial contributions to academic institutions throughout her career.
Key Management Changes
The company has also appointed new key managerial personnel:
| Role: | Appointee | Membership/Qualification |
|---|---|---|
| Chief Financial Officer | Mr. Naveen Kumar Laroiya | Chartered Accountant |
| Company Secretary & Compliance Officer | Mr. Ankit Singla | ICSI Member (A69926) |
Mr. Naveen Kumar Laroiya is a seasoned finance professional with 35 years of diverse experience across India, Nepal, and Egypt in manufacturing, financial services, and multinational corporate environments. He has demonstrated leadership in SAP and ERP implementation, fundraising, and strategic planning.
Mr. Ankit Singla, aged 27 years, is an Associate Member of the Institute of Company Secretaries of India with experience in SEBI, Companies Act 2013, FEMA, RBI, IBBI, and other regulatory matters.
Board Resignations
Two senior directors resigned from their positions citing personal reasons:
| Director: | Position | DIN | Effective Date |
|---|---|---|---|
| Mr. Madan Mohan | Whole-time Director | 00156668 | January 6, 2026 |
| Mr. Rakesh Garg | Non-Executive Director & Chairperson | 00184081 | January 6, 2026 |
Additionally, Ms. Sarika Kaur (Membership No. A76187) resigned from her position as Company Secretary and Compliance Officer due to personal reasons.
Committee Restructuring
The board has reconstituted all major committees with new leadership:
| Committee: | Chairperson | Members |
|---|---|---|
| Audit Committee | Mr. Satinder Singh | Mrs. Neerja Chathley, Dr. Venkatagowri Pyla, Mr. Pranav Singla |
| Nomination & Remuneration | Mr. Satinder Singh | Mrs. Neerja Chathley, Dr. Venkatagowri Pyla |
| Stakeholders Relationship | Mrs. Neerja Chathley | Mr. Pranav Singla, Dr. Venkatagowri Pyla |
| Corporate Social Responsibility | Mrs. Neerja Chathley | Dr. Venkatagowri Pyla, Mr. Pranav Singla |
Auditor Appointments
The company has appointed new auditors to support its governance framework:
| Auditor Type: | Firm | Registration | Term |
|---|---|---|---|
| Cost Auditors | M/s Balwinder and Associates | FRN: 000201 | Financial Year 2025-26 |
| Secretarial Auditors | M/s Rajeev Bhambri & Associates | COP: 9491 | 5 years (2025-26 to 2029-30) |
M/s Balwinder and Associates is supported by 7 Partner Cost Accountants and 4 qualified professionals with over 20 subordinate staff members. M/s Rajeev Bhambri & Associates has been operating in corporate law for the past 15 years, with founder Mr. Rajeev Bhambri bringing 35 years of Corporate & Securities Law experience.
Corporate Office Designation
The board has designated Plot No. 84-85, HPSIDC Industrial Area, Baddi, Distt. Solan, Himachal Pradesh-173205 as the company's Corporate Office.
The board meeting commenced at 6:00 PM and concluded at 6:45 PM on January 6, 2026. This comprehensive restructuring represents a significant step in RCI Industries' post-insolvency transformation, bringing in experienced professionals to guide the company's future operations and governance.
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