Containerway International Appoints New Directors and CFO, Announces Resignation
Containerway International Ltd., now known as Indus Aluminium Recyclers Limited, announced several changes to its board of directors on March 25, 2026.Pankeet Pankajkumar Aundhiya has been appointed as an Additional Non-Executive Independent Director for a period of 5 years, pending shareholder approval. Kunal Arora joins the company as an Additional Non-Executive Director and Chief Financial Officer (CFO) & Key Managerial Personnel (KMP), also subject to shareholder approval. Vansh Arora has also been appointed as an Additional Non-Executive Director, contingent on shareholder approval.
The company also announced the resignation of Sanjay Vimalchand Deora from his role as Non-Executive Director and CFO & KMP, effective March 25, 2026, citing preoccupation and other personal commitments.
The newly appointed directors are not related to the company's promoters or promoter group and are not debarred from holding office.
New Board Members & Resignations
| Particulars | Pankeet Pankajkumar Aundhiya | Kunal Arora | Vansh Arora | Sanjay Vimalchand Deora (Resignation) | Sanjay Vimalchand Deora (Resignation - CFO) |
|---|---|---|---|---|---|
| Reason for Change | Appointment as Independent Director | Appointment as Director & CFO | Appointment as Director | Resignation as Director | Resignation as CFO & KMP |
| Date and Term | March 25, 2026, 5 years | March 25, 2026 | March 25, 2026 | March 25, 2026 | March 25, 2026 |
| Brief Profile | Advocate, National University of Singapore, 10+ years experience | Business professional in the aluminium wire industry | Business professional in polymers and metal wire industries | N/A | N/A |
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