INDO SMC Ltd Appoints New Director and Reconstitutes Key Committees
INDO SMC Ltd announced changes to its Board of Directors and the reconstitution of several key committees following its board meeting on April 7, 2026.The company approved the appointment of Mr. Arpankumar Patel as an Additional Director. This role is designated as Non-Executive and Independent, with the appointment effective from April 7, 2026, for a period of five years. The appointment is subject to the requisite approval from the shareholders within the statutory timeframe.
Concurrently, the Board noted the resignation of Mr. Chintan Umeshbhai Bhatt from the position of Non-Executive Independent Director. Mr. Bhatt's resignation is effective from the closing of business hours on April 6, 2026, citing his inability to dedicate sufficient time and attention to the Company’s affairs.
Reconstitution of Board Committees
Following the changes in the Board of Directors, the Board accorded approval to reconstitute the following committees, effective April 7, 2026.The changes to the committee structures are detailed below:
| Committee Name | Director Name | Status |
|---|---|---|
| Audit Committee | Mr. Arpankumar Patel | Chairman |
| Mr. Shashwat Yatishkumar Shah | Member | |
| Mr. Neel Niteshbhai Shah | Member | |
| Nomination and Remuneration Committee | Mr. Arpankumar Patel | Chairman |
| Mr. Shashwat Yatishkumar Shah | Member | |
| Ms. Riktabahen Sonawala | Member | |
| Stakeholders Relationship Committee | Mr. Nitin Jasvantbhai Patel | Chairman |
| Mr. Neel Niteshbhai Shah | Member | |
| Mr. Arpankumar Patel | Member |
Details of the New Director
Mr. Arpankumar Patel, who is 39 years old, holds an MBA in International Marketing & Finance and a Bachelor of Pharmacy. His professional experience encompasses Project Management, Corporate Governance and Compliance, Risk Management and Internal Controls, Strategic Business Planning, Financial Analysis and Oversight, Mergers and Acquisitions Oversight, and Stakeholder Management. Mr. Patel confirmed that he is not related to any Directors or Key Managerial Personnel of the Company, nor is he debarred from holding a directorship by any regulatory authority.Details of the Resigning Director
Mr. Chintan Umeshbhai Bhatt, who has been associated with the Company since October 17, 2024, resigned as an Independent Director. Mr. Bhatt confirmed that his resignation is not based on any material reasons other than those stated in his resignation letter.Information regarding Mr. Bhatt’s directorships post-resignation indicates the following:
| Directorships Indicating the Category of Directorship | Post resignation |
|---|---|
| Chairmanship / Membership of Committees | Nomination & Remuneration Committee of Accent Microcell Limited (Chairmanship - 1) |
The company's registered office details are provided as: 809, Shilp Zaveri, Nr. Shyamal cross road, Satellite, Ahmedabad-380015. The company also maintains units at Plot No.11, Shivprerna Industrial Park, kamod to pirana road, ode, Daskroi, A'bad -382425; Plot No. A 37/2, NICE Area, MIDC Satpur, Nashik, Maharashtra - 422007; and Plot No. SP7-50, RIIC O Industrial Area, Gheeloth, Kotputli Behror, Rajasthan - 301705.
Stock Price Movement
At the close of trading on Tuesday, INDO SMC Ltd settled at ₹168.90, advancing 2.96% for the session. The shares experienced intraday movement, tracing a path between a low of ₹158.60 and a high of ₹168.90.Source:
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