Company Disclosure
Magnanimous Trade & Finance Limited (CIN: L65923RJ1991PLC059251, BSE Scrip Code: 512377) has submitted a regulatory disclosure to BSE Limited regarding the resignation of two directors from the company.
Nature of Event
This is a mandatory disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023.
Director Resignations
1. Resignation of Independent Director
- Name: Mr. Nevil Kamdar (DIN: 11271919)
- Position: Additional Non-Executive Independent Director
- Effective Date: July 21, 2026
- Reason for Resignation: Pre-occupancy and other commitments
- Confirmation: Mr. Kamdar confirmed there are no other material reasons for his resignation beyond those stated in his resignation letter
- Other Directorships: The disclosure states he holds no directorships in other listed entities (NIL)
2. Resignation of Executive Director
- Name: Mr. Dhaval Parekh (DIN: 09636606)
- Position: Executive Director
- Effective Date: July 21, 2026
- Reason for Resignation: Pre-occupancy and other commitments
- Confirmation: Mr. Parekh confirmed there are no other material reasons for his resignation beyond those stated in his resignation letter
Resignation Letters
Both directors submitted formal resignation letters dated July 21, 2026, which were enclosed with the disclosure. The letters:
- Request relief from duties effective from the date of signing
- Request filing of necessary forms with the Registrar of Companies
- Express gratitude to the Board of Directors for support and guidance during their tenure