Aten Papers & Foam has announced major boardroom and operational changes following its latest board meeting.

The company appointed M/s. Alvi & Associates as new statutory auditors for a five-year term, subject to shareholder approval.

Leadership changes include appointing Raghav Jobanputra as an independent director, noting the resignation of Premaram Jaitaram Patel, and re-appointing Mohamedarif Mohamedibrahim Lakhani as Managing Director.

Additionally, key board committees—audit, nomination and remuneration, and stakeholders relationship—have been reconstituted.

The company also greenlit several material related-party transactions and called its annual general meeting for shareholders.