1. Re-Appointment of Chairman and Managing Director
Director: Mr. Bhavik Bhimjyani (DIN: 00160121)
Nature of Change: Re-appointment as Chairman and Managing Director
Term: 3 years, effective from February 25, 2027, to February 24, 2030
Remuneration: ₹5,00,000 per month (Rupees Five Lakh only), subject to terms and conditions determined by the Board of Directors within limits prescribed under Schedule V of Companies Act, 2013
Background: Mr. Bhimjyani is a Promoter Director since incorporation and has been Managing Director since February 24, 2019. He holds a Bachelor of Science in Economics from Wharton School, University of Pennsylvania, with concentration in Finance, and an MBA in Entrepreneurial Management. He has over two decades of experience in real estate development, warehousing, and trading businesses.
Relationship Disclosure: Not related to any other directors of the Company
2. Material Related Party Transaction
Approved: Material related party transaction with Mr. Vishnu Singh, Chief Financial Officer of the Company
Details: Specific terms and monetary values of the transaction are not quantified in this disclosure
