IEL Ltd — Updates, 07-08-2025: Company Update

IEL Limited has approved the financial results for the quarter ended June 30, 2025. Concurrently, two independent directors, Ms. Avani Ashwinkumar Shah and Ms. Juhi Sawajani, have resigned due to other professional commitments. To bolster its board, the company has appointed three new independent directors: Ms. Aastha Jain, Ms. Ami Priyank Bhanshali, and Ms. Mokshi Prakashbhai Shah, all subject to shareholder approval. These new appointments have led to the immediate reconstitution of key board committees, including the Audit, Nomination & Remuneration, and Stakeholder Relationship Committees. Additionally, M/s Kunal Sharma & Associates were appointed as the Secretarial Auditor for five years, pending shareholder confirmation. This significant board reshuffle aims to maintain robust governance and oversight.