The company's board has approved significant changes to its governance structure.

Mr. Ramesh Kheradia was appointed as an Additional Non-Executive Independent Director.

Mr. Dipak Raval was re-appointed as Managing Director for five years, continuing beyond age 70 without remuneration.

Ms. Divya Zalani was also re-appointed as an Independent Director for a second five-year term.

These director appointments are subject to shareholder approval.

Additionally, M/s. Ambalal M. Shah & Co. were appointed as Statutory Auditors to fill a casual vacancy, pending shareholder ratification.

The Audit Committee and Nomination and Remuneration Committee were also reconstituted to reflect these board changes.