Key Appointments and Changes

The Board of Directors at their meeting held on October 23, 2026 (commencing at 03:30 PM and concluding at 04:10 PM) approved the following:

1. Appointment of Additional Director:

  • Mr. Sharvil Bharat Kumar Suthar (DIN: 08785030) appointed as Additional Director in the category of Non-Executive Independent Director
  • Term: 5 consecutive years commencing from October 23, 2026
  • Appointment subject to approval of shareholders of the Company

2. Committee Reconstitution:

Effective October 23, 2026, the following committees were reconstituted:

A. Audit Committee:

  • Chairman: Sharvil Bharat Kumar Suthar (Additional Director, Non-Executive Independent)
  • Member: Kunj Bihari Dave (Independent Director)
  • Member: Reema Ankit Shah (Director)

B. Nomination and Remuneration Committee:

  • Chairman: Sharvil Bharat Kumar Suthar (Additional Director, Non-Executive Independent)
  • Member: Kunj Bihari Dave (Independent Director)
  • Member: Pradip Jayantilal Shah (Non-Executive Director)

C. Stakeholders Relationship Committee:

  • Chairman: Pradip Jayantilal Shah (Non-Executive Director)
  • Member: Sharvil Bharat Kumar Suthar (Additional Director, Non-Executive Independent)
  • Member: Ankit Devidas Shah (Managing Director)

Director Profile Details

Mr. Sharvil Bharat Kumar Suthar is a Fellow Member of the Institute of Company Secretaries of India (ICSI) with over 12 years of professional experience in corporate laws, secretarial practices, and regulatory compliances. He holds a degree in Law and Commerce and is a Certified Independent Director with lifetime validity after qualifying the Online Proficiency Self-Assessment Test for Independent Directors.

Professional Experience:

  • Assistant General Manager – Secretarial & Legal at Asian Granito India Limited (AGL Tiles), Ahmedabad (November 2014 onwards)
  • Group Company Secretary & Insurance Manager at Aarvee Denims and Exports Limited (September 2016 to March 2018)
  • Co-founder of Suthar & Surti, Company Secretaries (April 2018 onwards)

Expertise: Company Law matters including drafting, pleading, and representation before NCLT; listing compliances; conducting Board and Committee Meetings of listed entities; corporate governance practices.

Regulatory Compliance Disclosures

  • Mr. Suthar is not related to any Directors, Managerial Personnel, Key Personnel, or Promoters of the Company
  • Not debarred from holding office of Director by any SEBI order or other authority
  • Disclosure made in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 and BSE circular no. LIST/COMP/14/2018-19 dated June 20, 2018

Additional Information

The information has been made available on the Company's website at https://www.neptunelogitek.com.