Shining Tools Limited has announced the reconstitution of its key Board committees following a meeting of the Board of Directors held on February 11, 2026. The restructuring encompasses three critical governance committees that oversee various aspects of corporate operations and compliance.

Audit Committee Reconstitution

The company has appointed new leadership for its Audit Committee, with Shaileshbhai Durlabhjibhai Sagpariya taking over as Chairperson. The reconstituted committee structure includes both independent and executive directors to ensure balanced oversight.

Nomination and Remuneration Committee Changes

The Nomination and Remuneration Committee has been restructured with Kiranben Vipulbhai Ghonia appointed as Chairperson. The committee maintains a composition of non-executive directors to ensure independent decision-making in matters related to appointments and compensation.

Stakeholder Relationship Committee Formation

The Stakeholder Relationship Committee has been constituted with Kiranben Vipulbhai Ghonia serving as Chairperson. This committee will focus on addressing stakeholder concerns and maintaining effective communication channels.

Administrative Support

Ms. Sneha Dhaval Shah, Company Secretary and Compliance Officer, will serve as secretary for all three reconstituted committees. This appointment ensures consistent administrative support and compliance oversight across the committee structure. The reconstitution reflects the company's commitment to maintaining robust governance frameworks and regulatory compliance standards.

Shining Tools Limited has strengthened its board composition with the appointment of two new Additional Non-Executive Independent Directors. The company's board meeting, held on December 11, 2025, through video conferencing approved these strategic appointments to enhance corporate governance and bring diverse expertise to the leadership team.

Board Appointments Overview

The board approved two key appointments during the meeting held from 4:00 PM to 4:09 PM IST on December 11, 2025:

Mr. Shaileshbhai Durlabhjibhai Sagpariya - Profile and Expertise

Mr. Shaileshbhai Durlabhjibhai Sagpariya (DIN: 10068422) brings a distinguished background combining government service and educational excellence. His comprehensive profile includes:

Educational Achievements:

• Master of Commerce degree (M.Com)
• Gold Medal recipient for Bachelor's degree (B.Com)
• Third rank achiever in Gujarat Public Service Commission Class 1 examination

Professional Experience:

• 20 years of government service in senior positions
• Joint Director at SPIPA (Sardar Patel Institute of Public Administration) for 10 years
• Deputy General Manager at Sardar Sarovar Narmada Nigam
• Distinguished motivational speaker since 2010
• Delivered over 500 lectures and conducted 500+ programs for students and teachers

Literary Accomplishments:

• Author of 34 bestselling books
• Recipient of the prestigious Gujarati Sahitya Academy Award

Mr. Sagpariya is not related to any existing directors of the company, ensuring independence in his role.

Mr. Jay Bharatbhai Pansuria - Corporate Governance Expert

Mr. Jay Bharatbhai Pansuria (DIN: 09344720) brings specialized expertise in corporate governance and legal compliance:

Professional Qualifications:

• Fellow Member of the Institute of Company Secretaries of India (ICSI)
• Law degree (L.L.B)
• Business Administration degree (B.B.A)

Industry Experience:

• Over eight years of experience across diverse industries
• Expertise in FMCG, Chemicals, Manufacturing, and Government companies
• Specialization in legal compliance and corporate governance
• Experience in statutory and regulatory authority dealings
• IPO fundraising and capital market compliances expertise

Current Role and Previous Positions:

• Professional Consultant for secretarial tasks, compliance, and listing procedures
• Former Independent Director at Yamuna Machine Works Limited
• Focus on compliance and sound legal decision-making for boards

Mr. Pansuria is also not related to any existing directors of the company, maintaining board independence.

Regulatory Compliance and Next Steps

Both appointments have been made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointments are subject to shareholder approval within three months, with terms and conditions outlined in their respective Letters of Appointment.

These strategic appointments reflect Shining Tools Limited's commitment to strengthening its corporate governance framework and bringing diverse expertise to guide the company's strategic direction.