Company’s Board comprises of 6 Directors, having considerable professional experience in their respective fields. Out of them 3 are Independent Directors designated as Non-Executive Directors and rest 3 are Executive Directors. The Executive Directors includes Managing Director and Whole-time Directors. The composition of the Board is in conformity with the requirements of Companies Act and the Listing Obligations & Disclosure Requirements Regulations, 2015 .
During the year under review, there was a change in the Key Managerial Personnel of the Company. Mr. Deepak Sharma resigned from the position of Chief Financial Officer of the Company with effect from 13th January, 2026, in accordance with the provisions of Section 203 of the Companies Act, 2013 read with the rules made thereunder. The Board of Directors places on record its sincere appreciation for the valuable contribution, support, and guidance provided by him during his association with the Company.
Subsequently, pursuant to the provisions of Section 203 of the Companies Act, 2013 and other applicable provisions, if any, read with the rules framed thereunder, Mr. Nishit Doshi was appointed as the Chief Financial Officer of the Company with effect from 14th January, 2026.
| Name of Director & KMPs | Designation | Appointed Date | Cessation Date | Shareholding as on 31.03.2026 | Board Meeting Attended During FY- 2025-26 | Annual General Meeting Attended For the FY-2024-25 |
|---|---|---|---|---|---|---|
| Mr. Parasmal Doshi (DIN:00051460) | Whole-time Director cum Chairman | 01/10/2010 | N/A | 1,16,59,000 Shares | 9/9 | YES |
| Mr. Dhanpal Doshi (DIN:00700492) | Managing Director | 19/01/1995 | N/A | 1,27,05,000 Shares | 9/9 | YES |
| Mr. Rajendra Bandi (DIN:00051441) | Whole-time Director | 19/01/1995 | N/A | 1,00,610 Shares | 9/9 | YES |
| Mr. Dharmendra Jain (DIN:01221034) | Independent Director | 20/09/2024 | N/A | NIL | 5/9 | YES |
| Mr. Amber Chaurasia (DIN: 07729278) | Independent Director | 20/09/2024 | N/A | NIL | 8/9 | YES |
| Mrs. Shweta Sharma Pastaria (DIN: 10753647) | Independent Director | 20/09/2024 | N/A | NIL | 9/9 | YES |
| Mr. Deepak Sharma | Chief Financial Officer | 09/05/2014 | 13/01/2026 | NIL | 8/9 | YES |
| Mr. Nishit Doshi | Chief Financial Officer cum Cheif Operating Officer | 14/01/2026 & 03/02/2024 | NA | 59,70,000 Shares | 9/9 | YES |
| Mr. Sarthak Doshi | Chief Executive Officer | 03/02/2024 | N/A | 59,00,000 Shares | 9/9 | YES |
| Mrs. Shruti Sikarwar | Company Secretary cum Compliance Officer | 03/09/2022 | N/A | NIL | 9/9 | YES |
| Mr. Hemant Agrawal | Compliance Officer Broking / Depository Participant | 31/08/2016 | N/A | 100 Shares | N/A | N/A |
In terms of Clause 49 of Listing Agreement and as per the provisions of the Companies Act, 2013, Company has constituted the following
Board Committees
1] Audit Committee
The Audit Committee consists of 3 Non-Executive Independent Directors and 1 Executive Director. The Audit Committee consists of 3 Non-Executive Independent Directors namely, Mr. Amber Chaurasia, Mr. Dharmendra Jain, Mrs. Shweta Sharma Pastaria and 1 Executive Director namely Mr. Parasmal Doshi. The Composition of the Committee is in accordance with Regulation 18 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 and Section 177 of the Companies Act, 2013. Maximum members of the Committee are Non-Executive Directors of the Company with Mr. Amber Chaurasia as its Chairman. The Company Secretary is the Secretary of the Audit Committee. Details of Meetings and attendance during the FY 2025-26 are as under:
The particulars of Meetings and the attendance by the Members of the Audit Committee Audit Committee:
Total 8 (Eight) Audit Committee Meetings were held during the financial year 2025-26:
| Meeting Date Name | 15th May 2025 | 30th May 2025 | 2nd August 2025 | 14th August 2025 | 13th October 2025 | 14th November 2025 | 13th January 2026 | 12th February 2026 |
|---|---|---|---|---|---|---|---|---|
| Mr.Amber Chaurasia (Chairman) |
YES | YES | YES | Yes | N/A | YES | YES | YES |
| Mr. Dharmendra Jain (Member) |
YES | NO | YES | NO | Yes | NO | YES | NO |
| Mrs. Sweta Sharma Pastaria (Member) |
YES | YES | YES | YES | YES | YES | YES | YES |
| Mr. Parasmal Doshi (Member) |
YES | YES | YES | YES | YES | YES | YES | YES |
2] Nomination and Remuneration Committee
During the financial year 2025-26, 2(Two) Meetings of Nomination and Remuneration Committee held on 2nd August, 2025 and 13th January, 2026 :
| Name of the Director | Designation | Meetings attended/ held during the year |
|---|---|---|
| Mr. Amber Chaurasia | Chairman | 2/2 |
| Mr. Dharmendra Jain | Member | 2/2 |
| Mrs. Sweta Sharma Pastaria | Member | 2/2 |
The Company Secretary, Ms. Shruti Sikarwar acts as the Secretary of the Committee.
The Stakeholders’ Relationship Committee consists of 3 Non-Executive Independent Directors and 1 Executive Director. During the financial year 2025-26, 1 (One) Meetings of Stakeholders Relationship Committee were held at 2nd August, 2025.
| Name of the Director | Designation | Meetings attended/ held during the year |
|---|---|---|
| Mr. Amber Chaurasia | Member | 1/1 |
| Mr. Dharmendra Jain | Chairman | 1/1 |
| Mrs. Sweta Sharma Pastaria | Member | 1/1 |
| Mr. Parasmal Doshi | Member | 1/1 |
The Company Secretary, Ms. Shruti Sikarwar acts as the Secretary of the Committee.
The Corporate Social Responsibility (the ‘CSR’) Committee under the Chairmanship of Mr. Parasmal Doshi, Whole-time Director of the Company. During the financial year 2025-26, 1 (One) Meetings was held at 2nd August, 2025.The CSR Committee consists of the following Directors as Members:
| Name of the Director | Designation | *Meetings attended/ held during the year |
|---|---|---|
| Mr. Parasmal Doshi | Chairman | 1/1 | Mr. Dharmendra Jain | Member | 1/1 |
| Mr.Amber Chaurasia | Member | 1/1 | Mrs. Sweta Sharma Pastaria | Member | 1/1 |
The Company Secretary, Ms. Shruti Sikarwar acts as the Secretary of the Committee.
5] Risk Management Committee:
Risk Management Committee is in accordance with Regulation 21 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Committee consists 3 (Three) members which are Directors. During the financial year 2025-26, 1 (Two) Meeting of Risk Management Committee was held on 30th May, 2025 and 14th November, 2025 and the details of attendance of the members at the Meeting are as follows:
| Name of the Director | Designation | Meetings attended/ held during the year |
|---|---|---|
| Mr. Parasmal Doshi | Chairman | 1/1 |
| Mr.Dharmendra Jain | Member | 1/1 |
| Mr. Amber Chaurasia | Member | 1/1 |
| Mr. Deepak Sharma* | Member | 1/1 |
*Mr. Deepak Sharma, who was serving as the Chief Financial Officer of the Company and was a member of the Risk Management Committee, resigned from his position as CFO with effect from January 13, 2026. Consequently, he ceased to be a member of all committees (including Risk Management Committee) of the Company, including the Risk Management Committee, with effect from the same date.
Last three Annual General Meetings
| Annual General Meeting | Date and Time | Venue | Special Resolution Passed |
|---|---|---|---|
| 29th | Saturday, 23rd September, 2023 at 11:30 A.M. | Through Video Conferencing (VC)/ Other Audio Visual Means (OAVM) facility | Re-appointment of Mr. Dhanpal Doshi as Managing Director cum Chief Executive Officer of the
Company.
|
| 30th | Saturday, 28th September, 2024 at 12:15 P.M | Through Video Conferencing (VC)/ Other Audio Visual Means (OAVM) facility | |
| 31st | Saturday, 27th September, 2025 at 12:15 P.M | Through Video Conferencing (VC)/ Other Audio-Visual Means (OAVM) facility |
|
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Benefits
Details of business
Memorandum of Association and Articles of Association
Brief profile of board of directors including directorship and full-time positions in body corporates
Terms and conditions of appointment of independent directors
Composition of various committees of board of directors
Code of conduct of board of directors and senior management personnel
Details of establishment of vigil mechanism/ Whistle Blower policy
Criteria of making payments to non-executive directors
Policy on dealing with related party transactions
Policy for determining ‘material’ subsidiaries
Details of familiarization programmes imparted to independent directors
Email address for grievance redressal and other relevant details
Contact Details
Financial results
Shareholding pattern
Materiality Policy as per Regulation 30 (4)
Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as
required under regulation 30(5)
Disclosures under regulation 30(8)
Statements of deviation(s) or variations(s) as specified in regulation 32
Annual return as provided under section 92 of the Companies Act, 2013
