SER Industries Limited Announces Board Composition Changes with Two Director Resignations

SER Industries Limited has announced significant changes to its Board of Directors composition, with two key directors submitting their resignations effective January 5, 2026. The company informed BSE Limited about these developments in compliance with regulatory requirements under SEBI listing obligations.

Director Resignations Details

The company received resignation letters from two Board members, both citing personal preoccupations as the primary reason for their departure. The resignations became effective from the close of business hours on January 5, 2026.

Director Details:	Mr. Narendra Goel	Mr. Arvind Khot
Position:	Whole-time Director	Director
DIN Number:	00327187	06732061
Effective Date:	January 5, 2026	January 5, 2026
Reason:	Personal preoccupations	Personal preoccupations

Regulatory Compliance and Documentation

SER Industries submitted the intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with Schedule III requirements. The company provided comprehensive disclosure documentation including:

Formal resignation letters from both directors
Detailed annexure with regulatory disclosures
Proper acknowledgment of their contributions
Commitment to file necessary forms with regulatory authorities

Board's Acknowledgment

The Board of Directors placed on record its sincere appreciation for the valuable contributions made by both Mr. Narendra Goel and Mr. Arvind Khot during their respective tenures. The company expressed gratitude for their cooperation and wished them success in their future endeavors.

Key Leadership Appointments

The board will consider several important appointments as recommended by the Nomination and Remuneration Committee:

Position	Appointee	Details
Managing Director	Mr. Sunil Kumar Shahi	Including terms, remuneration, and authorization agreements
Chief Financial Officer	Mr. Shrenik Karnawatat	With necessary regulatory filings and compliance actions
Non-Executive Director	Mr. Anil Kumar	Change in designation with finalized terms

All appointments are subject to shareholder approval and will include execution of necessary agreements with regulatory authorities.

Corporate Governance and Compliance Matters

The board will address fundamental corporate governance updates, including adoption of new Memorandum of Association (MOA) and Articles of Association (AOA) in conformity with the Companies Act, 2013, and related rules. The meeting will also reconsider the increase in authorized share capital previously approved in the board meeting held on November 7, 2025, along with consequential amendments to the capital clause.

Financial Authorizations and Capital Structure

Several significant financial matters will be evaluated during the meeting:

Section 180 Proposals

Borrowing powers authorization
Creation of charges
Recommendations to shareholders where necessary

Section 186 Considerations

Granting of loans and guarantees
Security provisions
Investment proposals exceeding prescribed limits
Enabling resolutions and required authorizations

Equity Issuance and Fundraising

The board will evaluate proposals for equity shares or eligible securities issuance through preferential allotment on private placement basis or other permissible modes. This initiative is subject to regulatory and statutory approvals, including member approval, with ancillary actions as required.

Extraordinary General Meeting

The board will consider and approve the notice for an Extraordinary General Meeting (EGM) of company members to seek necessary shareholder approvals for the proposed matters.

Trading Window Closure

In compliance with regulatory requirements, the trading window for dealing in company securities has been closed for all Designated Persons and their immediate relatives from December 16, 2025. The window will reopen 48 hours after the board meeting outcome is published, unless closed for other purposes.

The meeting agenda also includes provisions for transacting other business with the Chairperson's permission, covering matters incidental, ancillary, or consequential to the listed items.