Rudra Ecovation Ltd

AGM Details

• Held on 30 September 2026 at 01:00 PM via VC/OAVM.
• Meeting concluded at 01:20 PM.
• Remote e-voting from 27 to 29 September 2026.
• Results to be submitted to stock exchange within 2 hours of meeting.

Ordinary Business

• Receive, consider and adopt audited financial statements for year ended 31 March 2026.
• Reappointment of Akhil Malhotra as Non-Executive Director on rotation.

Special Business

• Re-appoint Gian Chand Thakur as Whole-Time Director for five years.
• Appoint/change designation of Inderpreet Singh to Independent Director.
• Appoint/change designation of Rahul Kapoor as Executive Director.

Voting Status

• Voting outcomes not disclosed in the filing.

Rudra Ecovation Ltd trading window closed from Oct 01, 2026 till the completion of 48 hours after declaration of unaudited financial results for the quarter ending September 30, 2026

Amalgamation sanction

• NCLT Chandigarh sanctions the Scheme of Amalgamation between Rudra Ecovation and Shiva Texfabs.
• Final order dated 16.09.2026 uploaded on NCLT website; copy enclosed.
• Transferor dissolved; assets, liabilities, contracts and employees transferred to Transferee.
• Appointed Date for the Scheme is 01.04.2025.
• Tax matters: IT dept no adverse observations; Rudra ₹33.62 cr AY2017-18 and Shiva ₹31.33 cr AY2010-11 set aside.
• Next steps: file certified copy of order with ROC; INC-28 filing within 30 days.

NCLT merger sanction and next steps

• NCLT Chandigarh sanctioned the merger of Rudra Ecovation and Shiva Texfabs on 16.09.2026.
• Transferor Rudra Ecovation formerly Himachal Fibres; scheme approved for shareholders and creditors.
• Company to file formal copy with Stock Exchanges and regulators and disclose as required.
• Awaiting certified order copy; further disclosures to follow upon receipt.

WTD re-appointment

• Re-appointed Gian Chand Thakur as Whole Time Director for five years, Oct 1, 2026–Sep 30, 2031.
• Subject to shareholders’ approval at the ensuing AGM.

Independent Director appointment

• Inderpreet Singh appointed Non-Executive Independent Director for five years from Sep 2, 2026.
• Term subject to shareholders’ approval at AGM.
• Profile: MBA in Marketing; experience in marketing and law.

Executive Director appointment

• Rahul Kapoor appointed Executive Director for five years from Sep 2, 2026.
• Term subject to shareholders’ approval at AGM.
• Profile: Graduate with experience in production and finance.

CEO/Executive Director resignation

• Akhilesh Kumar Tiwari resigned as Executive Director and CEO effective Sep 2, 2026.
• Cites personal reasons; no other material reasons stated.
• Will step down as Banking & Finance Committee member.
• Not a director in any other listed entity.

Committee reconstitution

• Reconstitution of multiple committees approved by the Board, effective 02 September 2026.
• Audit Committee: Chair Dharam Veer Singh, NED Independent; Members Akhil Malhotra (NED Non-Independent) and Kajal Rai (NED Independent).
• Nomination and Remuneration Committee: Chair Dharam Veer Singh; Members Inderpreet Singh (Independent) and Akhil Malhotra (Non-Independent).
• Stakeholder Relationship Committee: Chair Dharam Veer Singh; Members Gian Chand Thakur (WTD) and Kajal Rai (Independent).
• Banking and Finance Committee: Chair Dharam Veer Singh; Members Gian Chand Thakur (WTD) and Rahul Kapoor (ED).
• Expansion and Diversification Committee: Chair Akhil Malhotra; Members Inderpreet Singh (Independent) and Gian Chand Thakur (ED).

Appointments/Resignations

• Re-appointed Gian Chand Thakur as Whole Time Director for 5 years (01-10-2026 to 30-09-2031), subject to AGM.
• Inderpreet Singh appointed Non-Executive Independent Director for 5 years from 02-09-2026, subject to AGM approval.
• Rahul Kapoor appointed Executive Director for 5 years from 02-09-2026, subject to AGM approval.
• Akhilesh Kumar Tiwari resigned as Executive Director and CEO, effective 02-09-2026.

AGM/Shareholder Matters

• Directors' Report for FY ended 31 March 2026 approved.
• 45th AGM fixed for 30 September 2026 via VC.
• Share transfer books closed 24-30 September 2026.
• Remote e-voting period from 27 to 29 September 2026.
• Appointed Ansh Bhambri as Scrutinizer for AGM e-voting.

Governance/Committee Changes

• Board approved reconstitution of committees with effect from 02-09-2026 (Annexure-B).