SGL Resources Reappoints Kantilal Ladani as Whole-Time Director for Five-Year Term

SGL Resources has announced the reappointment of Mr. Kantilal Ladani as Whole-Time Director for a five-year term, subject to shareholder approval. The decision, made during a board meeting on November 12, 2025, extends Ladani's tenure from November 14, 2025, to November 13, 2030.

Key Details of the Reappointment

Aspect	Details
Director Name	Mr. Kantilal V. Ladani
DIN	00016171
Position	Whole-Time Director
New Term	November 14, 2025 to November 13, 2030
Annual Remuneration	₹7.20 lakhs
Shareholding	None
Other Directorships	5
Committee Memberships	1

Background and Qualifications

Mr. Ladani, born on July 18, 1967, is an Indian national with a postgraduate degree. He first joined the board of SGL Resources on October 19, 2022. His expertise lies in management, making him a valuable asset to the company's leadership team.

Approval Process and Compliance

The reappointment was recommended by the Nomination and Remuneration Committee and approved by the Board of Directors. It is now subject to approval by company members at the upcoming General Meeting or through Postal Ballot.

Corporate Governance

SGL Resources has confirmed that Mr. Ladani is not debarred from holding the office of director by any SEBI order or other authority. The company also stated that there is no material inter-se relationship between Mr. Ladani and other board members or Key Managerial Personnel.

This reappointment reflects SGL Resources' confidence in Mr. Ladani's leadership and his continued role in the company's future strategies and operations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.16%	-13.04%	-17.27%	-6.85%	-54.42%	-54.42%

SGL Resources , a geospatial technology solutions provider, has recently completed a rights issue that has significantly impacted its promoter group's shareholding. The company disclosed this information in compliance with SEBI takeover regulations, revealing important changes in its ownership structure.

Key Highlights of the Rights Issue

Completion Date: May 16, 2024
Impact on Promoter Group: Shareholding decreased from 18.62% to 7.68%
Dilution Percentage: 10.94%

Changes in Share Capital

The rights issue led to a substantial expansion of SGL Resources' paid-up equity share capital:

Aspect	Pre-Rights Issue	Post-Rights Issue
Paid-up Equity Share Capital (Rs. crore)	13.86	33.62
Number of Shares (crore)	6.93	16.81

Promoter Group Details

The promoter group, led by Rameshchandra K. Sojitra, includes six other entities. Despite acquiring an additional 9,000 shares during the rights issue, their overall percentage holding declined due to the expanded capital base.

Impact on Shareholding

Aspect	Pre-Rights Issue	Post-Rights Issue	Change
Promoter Group Shareholding (%)	18.62	7.68	-10.94

This significant dilution in promoter group shareholding is a direct result of the company's expanded equity base following the rights issue. While the promoters did acquire additional shares, the scale of the new share issuance led to a substantial decrease in their percentage ownership.

The completion of this rights issue marks a significant change in SGL Resources' capital structure. Investors and market watchers may want to keep an eye on how this shift in ownership might influence the company's future decisions and strategies.