Fruition Venture Limited disclosed the outcome of its Board of Directors meeting held on Tuesday, June 23, 2026, from 4:00 PM to 4:45 PM. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Decisions:
1. Appointment of Independent Director
- The Board approved the appointment of Ms. Shivi Jindal (DIN: 07625672) as an Additional Director in the category of Non-Executive Independent Director.
- The appointment is based on the recommendation of the Nomination and Remuneration Committee.
- Term: Five consecutive years commencing from June 23, 2026, and ending on June 22, 2031.
- The appointment is subject to approval by shareholders.
- Ms. Jindal has furnished her consent to act as Director, declaration of independence under the Companies Act, 2013, and confirmation that she is not debarred from holding the office of Director by any SEBI or other authority order.
Profile of Ms. Shivi Jindal:
- Commerce and law professional with multidisciplinary experience in human resources, business administration, insurance, compliance support, and business advisory services.
- Practical exposure to organizational management, labour and employment matters, due diligence processes, and strategic business planning.
- Qualifications: Master of Commerce (M.Com.), Post Graduate Diploma in Business Administration (HR), and Bachelor of Laws (LL.B.).
- Has successfully passed the Independent Director Proficiency Test conducted under the Independent Directors Databank framework.
- Not related to any existing Director on the Board of the Company.
- Not debarred from holding director office by any SEBI order or other authority.
2. Resignation of Independent Director
- The Board accepted the resignation of Ms. Shefali Kesarwani (DIN: 10259458) from her position as Non-Executive Independent Director.
- Effective date of resignation: June 25, 2026.
- Reason for resignation: Personal commitments and other professional engagements.
- The Board placed on record its appreciation for her valuable contributions and guidance during her tenure.