Shanti Guru Industries Limited, a company listed on the BSE SME Platform, has announced significant changes to its board of directors following its Annual General Meeting (AGM) held on September 26, 2025. The company has appointed two new directors while bidding farewell to one, in a move that reshapes its leadership structure.

New Appointments

Independent Director: Mr. Santosh Choudannanavar

Mr. Santosh Choudannanavar has been appointed as an Independent Director (Non-Executive) of the company. His appointment, which is not liable to rotation, was approved at the AGM, transitioning from his previous role as an Additional Independent Director. Mr. Choudannanavar, born on July 31, 1988, brings a decade of experience in retailing, consultancy, and finance to the board. As a Commerce Graduate, he will be entitled to sitting fees for attending board and committee meetings.

Non-Executive Director: Ms. Sarika Ssangavi

Ms. Sarika Ssangavi has been elevated from her position as an Additional Director to a full-fledged Director, liable to retire by rotation. Born on August 22, 1976, Ms. Ssangavi's appointment was initially made by the Board of Directors on August 25, 2025, and was subsequently approved by shareholders at the AGM. Notably, Ms. Ssangavi is related to the Promoter Director and Chief Financial Officer of the company.

Director Resignation

Mr. Ratanchand Lodha has stepped down from his position as a director of Shanti Guru Industries Limited, effective September 26, 2025. Mr. Lodha cited personal and unavoidable circumstances as the reason for his resignation. At the time of his departure, he held 3,000 shares in the company.

Board Composition and Expertise

The newly appointed directors bring diverse experiences to the board:

• Mr. Choudannanavar's background in retailing, consultancy, and finance aligns well with the company's operations.
• Ms. Ssangavi's experience in businesses similar to Shanti Guru Industries is expected to contribute to the company's vision and mission.

Neither of the new appointees holds directorships in other listed companies, nor do they currently own shares in Shanti Guru Industries Limited.

Corporate Governance

These board changes come as part of Shanti Guru Industries' commitment to maintaining strong corporate governance. The company has addressed previous observations in the Secretarial Audit Report regarding board and committee composition through these appointments.

Conclusion

The diverse expertise of the new directors suggests a focus on strengthening retail operations and financial management. As Shanti Guru Industries navigates the challenges in the retail sector, these board changes may play a crucial role in shaping the company's future direction and performance.

Shanti Guru Industries Limited, a company listed on the BSE SME platform, has announced significant changes in its leadership structure and strategic plans for expansion. The company's board meeting, held on August 25, 2025, revealed several key decisions that are set to shape its future direction.

Leadership Changes

The company has made notable appointments to strengthen its board and management team:

• Ms. Sarika SSangavi has been appointed as an Additional Director (Non-Executive) of the company. As a promoter of the company, she is related to other promoters and promoter directors.

• Mr. Santosh Choudannanavar joins as an Additional Director (Non-Executive Independent) for a five-year term. With a background in commerce and 10 years of experience in retailing, consultancy, and finance, he brings valuable expertise to the board.

• Mr. Shripal Sanghavi has been appointed as the new Chief Financial Officer (CFO), replacing Mr. Mahipal Sanghavi, who resigned due to personal reasons. Mr. Shripal Sanghavi, as a promoter, is expected to contribute his expertise to the company's vision, mission, and goals.

Mr. Jayaraman Madhu Suthan, an Independent Director, has resigned from the board due to personal and unavoidable circumstances.

Board Committee Restructuring

Following these changes, the company has reconstituted its board committees. The Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee, and Risk Management Committee have all been restructured to incorporate the new board members.

Expansion Plans

Shanti Guru Industries has announced plans to establish a new manufacturing facility in the Krishnagiri district. This facility will focus on producing soya chunks and vermicelli, marking a strategic move to diversify the company's product portfolio. The decision comes as a response to the challenges faced in the retail industry's margins.

Financial Strategy

To fund its working capital needs, the company plans to sell its freehold land in Madhavaram, measuring approximately 150 cents. This move is expected to provide the necessary financial resources to support the company's expansion plans and operational requirements.

Annual General Meeting

The 15th Annual General Meeting (AGM) of Shanti Guru Industries Limited has been scheduled for September 26, 2025, at 12:00 Noon. The meeting will be conducted via video conferencing and other audio-visual means.

Key dates for shareholders:

• E-voting period: September 22, 2025 (10 am) to September 25, 2025 (5 pm)
• Cut-off date for e-voting eligibility: September 19, 2025
• Book closure: September 20, 2025, to September 26, 2025 (both days inclusive)

These developments signify a period of transition and strategic realignment for Shanti Guru Industries Limited as it navigates challenges in the retail sector and positions itself for future growth.