Board Meeting Details

The Board of Directors meeting was held on July 9, 2026 at the Registered Office of the Company (Office no. 218, Manek Centre, Pandit Nehru Marg, Patel colony, Jamnagar-361008) from 19:30 HRS to 20:30 HRS (IST).

Stock Split Approval

The Board approved sub-division (split) of 1 existing Equity Share of face value ₹10 each into 10 Equity Shares of Re. 1 each, fully paid-up. This is subject to approval of shareholders and other regulatory/statutory approvals. The Record Date will be intimated after shareholder approval. The authorized share capital remains ₹25,00,00,000 divided into 25,00,00,000 equity shares of Re. 1 each. Pre-split subscribed and paid-up capital is 1,87,13,600 shares of ₹10 each (value ₹18,71,36,000), which will become 18,71,36,000 shares of Re. 1 each post-split. The rationale is to make shares more affordable for retail investors and enhance liquidity. Expected completion is within 2 months from receipt of all approvals.

Promoter Reclassification

The Board approved requests from Promoter & Promoter Group for reclassification from 'Promoter and Promoter Group' to 'Public' category under Regulation 31A of SEBI LODR Regulations, subject to receipt of 'No Objection Certificate' from BSE Limited. The list of promoters seeking reclassification is attached as Annexure-B.

Director Resignations

  • Mr. Priyansh Tejas Parekh (DIN: 10780868) resigned as Independent Director effective close of business hours on July 9, 2026, citing professional commitments and personal reasons. He also ceased membership from Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.
  • Ms. Neepa Praful Kothari (DIN: 02461588) resigned as Director effective close of business hours on July 9, 2026, citing professional commitments and personal reasons.
  • Mr. Vinod Prabhulal Mehta (DIN: 00094718) resigned as Executive Director effective close of business hours on July 9, 2026, citing professional commitments and personal reasons. He also ceased membership from Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.

All three resigning directors confirmed no material reasons other than those stated and held no directorships in other listed entities.

New Director Appointments

  • Mr. Nitish Pratapray Mehta (DIN: 09555034) appointed as Additional Executive Director for 5 years from July 9, 2026. He has experience in finance, accounting, corporate management, human resource management, strategic planning, business operations, administration, and corporate governance.
  • Mr. Hiren Dhirajlal Shah (DIN: 09842161) appointed as Additional Executive Director for 5 years from July 9, 2026. He holds BCA and LL.B. degrees from Saurashtra University with experience in finance, accounting, business administration, and corporate management.
  • Mr. Sandeep Mahadik (DIN: 11814050) appointed as Additional Non-Executive Independent Director for 5 years from July 9, 2026 to June 8, 2031, subject to shareholder approval. He has extensive experience in finance, accounting, business administration, corporate management, and strategic planning.

All new directors are not related to other directors/KMPs, not debarred by SEBI, and meet applicable criteria.

Committee Reconstitution

The Board reconstituted committees effective July 9, 2026:

  • Audit Committee: Kishan Kanjaria (Chairperson), Jyoti Jashvantray Kataria (Member), Hiren Dhirajlal Shah (Member)
  • Nomination and Remuneration Committee: Jyoti Jashvantray Kataria (Chairperson), Kishan Kanjaria (Member), Sandeep Mahadik (Member)
  • Stakeholders Relationship Committee: Jyoti Jashvantray Kataria (Chairperson), Kishan Kanjaria (Member), Sandeep Mahadik (Member)