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Austin Engineering Co. Ltd. Board/Management Information 2026
62171_rns_2026-05-20_a1672bf9-435b-44ba-961b-bc4febac5327.pdf
Board/Management Information
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AGC
AUSTIN ENGINEERING COMPANY LIMITED
Regd. Office & Works.
Patla, Ta. Bhesan, Via Ranpur (Sorath), Post Hadmatiya - 362 030. Dist. Junagadh (India)
Phones: (02873) 252223. 252267. 252268 Fax: (02873) 252225
CIN. L27259GJ1978PLC003179 .GSTIN:-24AABCA8189N1Z6
Aec/sec/BSE/2026-27/08
BSE Code : AUSTENG | 522005 | INE759F01012
$20^{\text{th}}$ May, 2026
To,
The Listing Compliance Department
BSE Limited
Phiroze Jeejeebhoy Tower, Dalal Street, Fort,
MUMBAI 400 001
Sub : INTIMATION OF RESIGNATION OF INDEPENDENT DIRECTOR OF THE COMPANY (MR. JAGDISHCHANDRA BHAGWANJIBHAI JAGANI)
Dear Sir/Madam,
Pursuant to provisions of Regulation 30 read with Schedule III of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended from time to time, we would like to inform the following matter:
MR. JAGDISHCHANDRA BHAGWANJIBHAI JAGANI (DIN: 07645671) vide his Resignation Letter dated $18^{\text{th}}$ May, 2026, has resigned from the office of Independent Director of the Company with effect from closing of business hours on Wednesday, $20^{\text{th}}$ May, 2026 owing to his pre-occupancy. He had confirmed that there are no other material reasons for the resignation other than those provided in his resignation letter. The copy of the resignation letter giving a detailed reason for his resignation is attached along with this disclosure. Further, MR. JAGDISHCHANDRA BHAGWANJIBHAI JAGANI (DIN: 07645671) does not hold Directorship and/or membership of board committees in any other Listed Company except Austin Engineering Company Limited. The Board of Directors of the Company has taken the same on record and will complete necessary formalities regarding his resignation in due course of time.
Further, the information required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 are as follows:
| Sr. No | Particulars | Details |
|---|---|---|
| 01 | Name | MR. JAGDISHCHANDRA BHAGWANJIBHAI JAGANI |
| 02 | Reason for change viz. appointment, resignation, removal, death or otherwise | MR. JAGDISHCHANDRA BHAGWANJIBHAI JAGANI (DIN: 07645671) vide his Resignation Letter dated 18^{th} May, 2026 has resigned from the office of Independent Director of the Company with effect from closing business hours on Wednesday, 20^{th} May, 2026, owing to his Pre-Occupancy. |
| 03 | Date of appointment/ cessation (as applicable) & term of appointment | Date of Resignation: 18^{th} May, 2026 and the same becomes effective from 20^{th} May, 2026 as per circular resolution passed by the Company. |
| 04 | Brief profile (in case of | Not Applicable |
Manufacturers of : ALL KINDS OF BEARINGS
Junagadh off.: 101. G.I.D.C. Estate, Vadal Road, Junagadh - 362 003. (India) Tel.: : (91-285) 2660069
e-mail : [email protected] Visit us at http://www.aec.com
TÜV Rheinland CERTIFIED
ISO 9001:2015
IATF 16949:2016
ISO 14001:2015
ISO 45001:2018
www.tuv.com
AEC
AUSTIN ENGINEERING COMPANY LIMITED
Regd. Office & Works.
Patia, Ta. Bhesan, Via Ranpur (Sorath), Post Hadmatiya - 362 030. Dist. Junagadh (India)
Phones : (02873) 252223. 252267. 252268 Fax : (02873) 252225
CIN. L27259GJ1978PLC003179 .GSTIN:-24AABCA8189N1Z6
| applicable) & term of appointment | becomes effective from 20^{th} May, 2026 as per circular resolution passed by the Company. | |
|---|---|---|
| 04 | Brief profile (in case of appointment) | Not Applicable |
| 05 | Disclosure of relationships between directors | Not Applicable |
| 06 | Information as required pursuant to NSE Circular with ref. no. NSE/CML/2018/02 dated 20th June 2018 | Not Applicable |
| 07 | Names of Listed Entities in which the resigning director holds directorships, indicating the category of directorship and membership of board committees, if any | Mr. JAGDISHCHANDRA BHAGWANJIBHAI JAGANI (DIN: 07645671) do not hold Directorship and/or membership of board committees in any other Listed Company except Austin Engineering Company Limited |
| 08 | Letter of Resignation | Attached |
| 09 | The Independent Director shall, along with the detailed reasons, also provide a confirmation that there is no other material reasons other than those provided. | Attached |
Yours faithfully,
For Austin Engineering Company Limited
(Kiran H Shah)
Executive officer (Secretarial)
Manufacturers of : ALL KINDS OF BEARINGS
Junagadh off.: 101. G.I.D.C. Estate, Vadal Road, Junagadh - 362 003. (India) Tel.: : (91-285) 2660069
e-mail : [email protected] Visit us at http://www.aec.com
TÜV Rheinland CERTIFIED
ISO 9001:2015
IATF 16949:2016
ISO 14001:2015
ISO 45001:2018
www.tuv.com
Jagdishchandra B. Jagani
AT-NANDARKHI VIA-JOSHIPURA
NANDARKHI, JUNAGADH-362002
GUJARAT, INDIA.
Date: 18.05.2026
To,
The Board of Directors,
AUSTIN ENGINEERING COMPANY LIMITED
Village: Patla Tal-Bhesan,
Via-Ranpur Sorath Post-Vishal Hadmatiya
Junagadh – Gujarat 362030 In.
Dear Sir,
SUB: RESIGNATION FROM THE OFFICE OF NON-EXECUTIVE INDEPENDENT DIRECTOR
I, the undersigned Mr. Jagdishchandra B. Jagani DIN 07645671 residing at Nandarkhi Via Joshipura, Nandarkhi, Junagadh 362002 Gujarat, hereby resign from the office of Independent Director from the Company with immediate effect. I am thankful to the Board for their guidance for effective implementation in discharging my duties as Director of the Company during my tenure. I now request your good selves to do the needful in this regard and to relieve myself from the position of Independent Director of the Company.
Wishing all good luck to the Company
Thanking you,
Yours Faithfully,
(Jagdishchandra B. Jagani)
DIN: 07645671
AUSTIN ENGINEERING COMPANY LIMITED
Regd. Office & Works.
Patla, Ta. Bhesan, Via Rampur (Sorath), Post Hadmatiya - 362 030. Dist. Junagadh (India)
Phones : (02873) 252223, 252267, 252268 Fax : (02873) 252225
CIN. L27259GJ1978PLC003179 .GSTIN:-24AABCA8189N1Z6
CERTIFIED TRUE COPY OF THE CIRCULAR RESOLUTION PASSED BY THE BOARD OF DIRECTORS OF AUSTIN ENGINEERING COMPANY LIMITED PURSUANT TO SECTION 175 OF THE COMPANIES ACT, 2013 READ WITH RULE 5 OF THE COMPANIES (MEETINGS OF BOARD AND ITS POWERS) RULES, 2014 AND SECRETARIAL STANDARD – 1
Date of Circulation: 18th May, 2026
Date of Passing: 20th May, 2026
The following resolutions was circulated in draft together with relevant papers, if any, to all the Directors of the Company at their registered email addresses available with the Company and were approved by the requisite majority of Directors on 20th May, 2026.
RESIGNATION OF INDEPENDENT DIRECTOR (MR. JAGDISHCHANDRA BHAGWANJIBHAI JAGANI):
“RESOLVED THAT pursuant to the provisions of Section 168 and other applicable provisions, if any, of the Companies Act, 2013 read with the Rules framed thereunder and Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the resignation tendered by MR. JAGDISHCHANDRA BHAGWANJIBHAI JAGANI DIN.: 07645671, an Independent Director of the Company, vide resignation letter dated 18th May, 2026 be and is hereby approved, confirmed and he is to be relieved with effect from 20th May, 2026 after closure of business hours.”.
“RESOLVED FURTHER THAT the Board placed on record their appreciation for the contribution and guidance provided in the matters connected with the Company by MR. JAGDISHCHANDRA BHAGWANJIBHAI JAGANI during his tenure as Independent Director of the Company.”
RESOLVED FURTHER THAT consequent upon the aforesaid resignation, MR. JAGDISHCHANDRA BHAGWANJIBHAI JAGANI shall cease to be the Chairman / Member of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee of the Board with effect from 20th May, 2026.
“RESOLVED FURTHER THAT for the purpose of giving effect to this resolution, MR. JIGNESH SHASHIKANT THANKI DIN 00146168, a Director of the Company, be and is hereby severally authorised, on behalf of the Company, to do all acts, deeds, matters, and things as deemed necessary, proper, or desirable, and to sign and execute all necessary documents, applications, and returns for the purpose of giving effect to the aforesaid resolution.”
CERTIFIED TRUE COPY
FOR AUSTIN ENGINEERING COMPANY LIMITED
JIGNESH SHASHIKANT THANKI
DIN NO.: 00146168
(EXECUTIVE DIRECTOR)
Manufacturers of :
ALL KINDS OF
BOARINGS
Junagadh off.: 101. G.I.D.C. Estate, Vadal Road, Junagadh - 362 003. (India) Tel.: (91-285) 2660069
e-mail : [email protected] Visit us at http://www.aec.com
TÜV Rheinland CERTIFIED
ISO 9001:2015
IATF 16949:2016
ISO 14001:2015
ISO 45001:2015
www.tuv.com