In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, IndiaNivesh Limited disclosed the outcomes of its Board meeting held on Friday, 16th October 2026 from 12:30 PM to 1:30 PM.

Key Decisions:

1. Resignation of Director

  • Mr. Jagdish Prasad Ridhkaran Pareek (DIN: 00048635) resigned as Non-Executive Independent Director
  • Resignation effective from 16th October 2026 at closing of business hours
  • Reason stated: pre-occupation and personal commitments
  • Mr. Pareek confirmed no material reason for resignation other than personal reasons
  • He ceased to be Chairperson/Member of all Board committees upon resignation
  • Resignation letter dated 16th October 2026 from his address at 701, B Wing, Monarch Ashar Residency, Pokhran Road No. 2, Near Old Lok Hospital, Vasant Vihar, Apna Bazar, Thane, 400610

2. Appointment of New Director

  • Mr. Sanjay Ramdhari Yadav (DIN: 10776168) appointed as Additional Non-Executive Independent Director
  • Appointment effective from 16th October 2026
  • Term: 5 consecutive years
  • Profile: Graduate in Computer Science with vast experience in Information Technology

3. Committee Reconstitution

The Board approved reconstitution of committees effective from 16th October 2026:

A. Audit Committee

  • Chairman: Mr. Sanjay Ramdhari Yadav (Non-Executive Independent Director)
  • Member: Mr. Rajesh Nuwal (Managing Director)
  • Member: Ms. Jeny Gowadia (Non-Executive Independent Director)

B. Nomination and Remuneration Committee

  • Chairman: Mr. Sanjay Ramdhari Yadav (Non-Executive Independent Director)
  • Member: Mr. Dinesh Nuwal (Director)
  • Member: Ms. Jeny Gowadia (Non-Executive Independent Director)

C. Stakeholders Relationship Committee

  • Chairman: Mr. Dinesh Nuwal (Director)
  • Member: Mr. Rajesh Nuwal (Managing Director)
  • Member: Mr. Sanjay Ramdhari Yadav (Independent Director)

Financial Impact

No financial impact quantified in the disclosure. The changes are governance-related with no immediate capital structure or cash flow implications mentioned.