Shanti Gold International Ltd. Re-appoints Directors, Approves Remuneration Increase
Shanti Gold International Limited announced on March 19, 2026, that its Board of Directors has approved the re-appointment of Mr. Pankajkumar Jagawat and Mr. Manojkumar Jain. The decisions were made at a board meeting held on March 19, 2026, which commenced at 4:00 p.m. IST and concluded at 4:45 p.m. IST.Mr. Pankajkumar Jagawat will be re-appointed as Managing Director for a period of 5 years, effective September 01, 2026, to August 31, 2031. His remuneration will also be increased, effective February 01, 2026, subject to shareholder approval through a Postal Ballot. Mr. Jagawat oversees factory operations and is responsible for financial activities, including budgeting and working capital management.
Mr. Manojkumar Jain has also been re-appointed as Whole-time Director for a 5-year term, effective September 01, 2026, to August 31, 2031, with a remuneration increase effective February 01, 2026, also subject to shareholder approval. Mr. Jain possesses over 20 years of experience in the jewellery manufacturing sector.
Details regarding the re-appointments are presented below:
Re-appointment of Mr. Pankajkumar Jagawat
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Reason for change | Re-appointment of Mr. Pankajkumar Jagawat (DIN: 01843846) as Managing Director. |
| 2 | Date of appointment & term | Effective date: September 01, 2026. Term: September 01, 2026 to August 31, 2031 (5 years). |
| 3 | Brief profile | Mr. Jagawat has over 25 years of experience in the jewellery manufacturing and trading industry. He oversees factory operations and is responsible for financial activities, including budgeting and working capital management. |
| 4 | Disclosure of relationships | Mr. Jagawat is not related to any Directors or Key Managerial Personnel of the Company. |
| 5 | Debarment confirmation | Mr. Jagawat is not debarred from holding the office of Director by any regulatory authority. |
Re-appointment of Mr. Manojkumar Jain
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Reason for change | Re-appointment of Mr. Manojkumar Jain (DIN: 01817027) as Whole-time Director. |
| 2 | Date of appointment & term | Effective date: September 01, 2026. Term: September 01, 2026 to August 31, 2031 (5 years). |
| 3 | Brief profile | Mr. Jain has over 20 years of experience in the jewellery manufacturing sector. He is responsible for product development, sourcing, quality control, and operations management. |
| 4 | Disclosure of relationships | Mr. Jain is not related to any Directors or Key Managerial Personnel of the Company. |
| 5 | Debarment confirmation | Mr. Jain is not debarred from holding the office of Director by any regulatory authority. |
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