The board of directors of GI Engineering Solutions Limited meeting held on May 16, 2023, approved Mr. Vishesh Gupta, promoter of the Company stepped down as director with effect from May 16, 2023. Mr. Abhishek Goel is re-designated as Managing Director of the company with effect from May 16, 2023 for a period of 5 years concluding on May 15, 2028 in terms of provisions of sections 196, 197, 198, 203, Schedule V and any other applicable provisions of the Companies Act, 2013. Till date Mr. Abhishek Goel was functioning as Whole-time Director of the Company.

The board approved the appointment of Mr. Nitin Bansal as an Additional Director of the Company, under Executive Category, in terms of Section 161 of the Companies Act, 2013 with effect from May 16, 2023. Appointment of Mr. Nitin Bansal as Whole-time Director of the company with effect from May 16, 2023 for a period of 5 years concluding on May 15, 2028 in terms of provisions of sections 196, 197, 198, 203, Schedule V and any other applicable provisions of the Companies Act, 2013 and rules made thereunder. Abhishek Goel is a professional with hands on entrepreneurial experience of more than 15 yrs in the fields of consumer materials and lifestyle products with a proficiency in managing finances as well as marketing strategies and brand building.

He has been assigned the responsibility of formulate and implement the strategies for company's business growth. Mr. Nitin Bansal is a qualified and seasoned business professional with an extensive experience of 18+ yrs. managing the market strategies as well as international business operations for B2B as well as retail and consumer materials and products business.