Date: 10th August, 2026

KMP / Board / Auditor Changes

Ms. Birva Chirag Patel (DIN: 07203299)

  • Designation: Whole-time Director (liable to retire by rotation)
  • Type of change: Reappointment recommended
  • Effective period: 2nd April, 2027 to 1st April, 2030 (3-year term)
  • Qualifications: B.Com & Company Secretary
  • Experience: Over 2 decades in Company Law and SEBI Laws, currently on board of various Adani Group Companies for more than 10 years
  • Expertise: Corporate laws, regulatory compliance, corporate governance, and SEBI regulations
  • Shareholding: 4,017,500 equity shares (face value ₹10 each), representing 7.03% stake
  • Relationship: Related to Mr. Chirag Hasmukhbhai Patel, Joint Managing Director
  • Status: Not debarred from holding director office by SEBI or any other authority

Mr. Aditya Vipinbhai Patel (DIN: 07103812)

  • Designation: Whole-time Director (not liable to retire by rotation)
  • Type of change: Reappointment recommended
  • Effective period: 2nd April, 2027 to 1st April, 2030 (3-year term)
  • Qualifications: B.E. E & C; MBA Finance (USA)
  • Experience: Previously worked with ING Fund of Hedge Funds, New York; currently heads Domestic and International Business Development functions
  • Expertise: Business development, strategic planning and international operations; played pivotal role in taking "Phenix" brand to international level
  • Shareholding: 2,016,988 equity shares (face value ₹10 each), representing 3.53% stake
  • Relationship: Related to Mr. Vipinbhai Kantilal Patel, Non-Executive Non-Independent Director
  • Status: Not debarred from holding director office by SEBI or any other authority

Board Meeting Outcomes

  • The Board meeting held on 10th August, 2026 recommended the reappointment of two Whole-time Directors
  • Decisions based on recommendation of the Nomination and Remuneration Committee of the Company
  • Reappointments are subject to approval of members/shareholders in the ensuing Annual General Meeting
  • Compliance with Regulation 30 of SEBI Listing Regulations

Other Operational / Legal / Strategic Disclosures

  • The intimation is being made available on the company website at https://www.mbel.in/
  • Necessary disclosures including brief profile of the Directors are provided in Annexure-1