Nature of change: Change in designation from Non-Executive Non-Independent Director to Joint Managing Director for Mr. Rutvikbhai Mukeshbhai Beladiya (DIN: 10726964).
Effective date and tenure: Change effective from September 30, 2026, for a term of five (5) years. He is liable to retire by rotation.
Brief profile: Mr. Beladiya is an MBA graduate specializing in Finance and Marketing with experience in business analysis, market research, strategic planning, sales analysis, customer behavior assessment, and cross-functional coordination. He has participated in finance and statistical hackathons.
Confirmation of eligibility: Mr. Beladiya has confirmed he is not debarred from holding the office of Director by virtue of any SEBI or other authority order.
Relationship with other directors: No inter-se relationship with any other Director or Key Managerial Personnel of the Company.
Nature of change: Regularization of appointment as Non-Executive Independent Director for Mr. Pratik Bharatbhai Panchal (DIN: 10721812).
Effective date and tenure: Originally appointed as Additional Director (Non-Executive Independent) effective July 07, 2026. Regularized for a first term of five (5) consecutive years from July 07, 2026, to July 06, 2031. Not liable to retire by rotation.
Brief profile: Mr. Panchal is an Information Technology graduate with experience in software testing, technical support, and operations management. He has knowledge of Software Testing Life Cycle (STLC), functional testing, regression testing, and user acceptance testing.
Confirmation of eligibility: Mr. Panchal has confirmed he is not debarred from holding the office of Director by virtue of any SEBI or other authority order.
Relationship with other directors: No inter-se relationship with any other Director or Key Managerial Personnel of the Company.
Nature of change: Regularization of appointment as Non-Executive Independent Director for Ms. Smitaben Suthar (DIN: 10721816).
Effective date and tenure: Originally appointed as Additional Director (Non-Executive Independent) effective July 17, 2026. Regularized for a first term of five (5) consecutive years from July 17, 2026, to July 16, 2031. Not liable to retire by rotation.
Brief profile: Ms. Suthar holds a Bachelor of Education (B.Ed.) and a Bachelor of Arts (B.A.) from Hemchandracharya North Gujarat University. She possesses strong communication, interpersonal and organizational skills.
Confirmation of eligibility: Ms. Suthar has confirmed she is not debarred from holding the office of Director by virtue of any SEBI or other authority order.
Relationship with other directors: No inter-se relationship with any other Director or Key Managerial Personnel of the Company.
Key Financial or Operational Approvals
Re-appointment of Statutory Auditors: Shareholders approved the re-appointment of M/s. KPSJ & Associates LLP, Chartered Accountants (ICAI Firm Registration No. 124845W/W100209), as Statutory Auditors for a term of 5 consecutive financial years from FY 2026-27 to FY 2030-31, effective from the conclusion of the 32nd AGM (September 30, 2026).
Appointment of Secretarial Auditor: Shareholders approved the appointment of M/s. Jigar Trivedi & Co, Practicing Company Secretaries (Membership No.: ACS 46488 / COP No.: 18483), as Secretarial Auditor for a term of five (5) consecutive years from FY 2026-27 to FY 2030-31, effective September 30, 2026.
Strategic or Business Context
No specific business outlook, risk commentary, or strategic plans were disclosed in this filing.
Any Other Material Information
AGM Details: The 32nd Annual General Meeting was held on Wednesday, September 30, 2026, through video conferencing/other audio-visual means.
Regulatory Compliance: The intimation is made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (LODR) Regulations, 2015, and references SEBI Master Circular No. HO/CFD/PoD2/CIR/P/2024/11 dated November 11, 2024, as updated vide SEBI Master Circular No. HO/CFD/PoD2/CIR/P/2025/3762 dated January 30, 2026.
Annexures Provided: Detailed information for each appointment is contained in Annexures A through E attached to the filing.
Profile of Auditors:
KPSJ & Associates LLP is described as a leading CA firm established in 2003 with over 21 years of experience, offering services in accounting, corporate laws, taxation, audit, risk management, transaction advisory, and startup advisory.
Jigar Trivedi & Co is led by CS Jigar Trivedi, a graduate from Gujarat University with over 8 years of experience in corporate laws, securities laws, banking laws, corporate governance, and secretarial audit.
