Key Decisions and Appointments
The Board of Directors meeting was held on Wednesday, 3rd June, 2026 at the Registered Office of the company from 01:00 PM to 02:00 PM.
Appointment of Director:
- On the recommendation of the Nomination and Remuneration Committee, the Board appointed Mrs. Lata Gaurav Kimtani (DIN: 11754072) as an Additional Non-Executive Independent Director of the Company.
- The appointment is subject to the approval of shareholders in the ensuing general meeting.
- Term: First term of 5 consecutive years commencing from 3rd June, 2026.
- The company confirms that Mrs. Kimtani meets the criteria of independence as provided in Section 149(6) of the Companies Act read with SEBI (LODR) Regulations, 2015 as amended.
Resignation of Director:
- The Board accepted the resignation of Mrs. Jalpaben Nirav Joshi (DIN: 10184953) from the post of Independent Director.
- Effective from the close of business hours on 3rd June, 2026.
- Reason for resignation: Pre-occupation.
- Mrs. Joshi confirmed that there are no other material reasons for her resignation other than mentioned in her resignation letter.
- The Board placed on record its appreciation for her valuable contributions during her tenure.
Director Details
Mrs. Lata Gaurav Kimtani (Appointed Director):
- Holds a Master's degree in Commerce
- Has experience in the field of accounting and finance
- Shareholding in the company: NIL
- Relationships between directors: NIL
- Not debarred from holding the office of Director by virtue of any SEBI order or any other authority
Mrs. Jalpaben Nirav Joshi (Resigning Director):
- Shareholding in the company: NIL
- Names of listed entities in which she holds directorships: NIL
Committee Reconstitution
Consequent upon the appointment and resignation of directors, the Board reconstituted its committees effective from 4th June, 2026:
Audit Committee:
1. Mrs. Lata Gaurav Kimtani - Chairman (Independent Director)
2. Mr. Manthan Gumansinh Thakor - Member (Independent Director)
3. Mr. Naishadh Dineshbhai Modi - Member (Managing Director & CFO)
Nomination and Remuneration Committee:
1. Mr. Manthan Gumansinh Thakor - Chairman (Independent Director)
2. Mrs. Lata Gaurav Kimtani - Member (Independent Director)
3. Mr. Pradip Sudhakarbhai Birewar - Member (Non-Independent Non-Executive Director)
Financial Impact
No direct financial impact disclosed in the filing. The changes are related to board composition and corporate governance structure.
Resignation Letter Details
Mrs. Jalpaben Nirav Joshi submitted her resignation letter dated 3rd June, 2026, confirming:
- Resignation effective from close of business hours on 3rd June, 2026
- Reason: Pre-occupation
- No other material reasons for resignation
- No claims against the Company
- Requested necessary filings with Registrar of Companies and BSE