Nature of change: Re-appointment of Shri Falgunbhai Chimanbhai Patel (DIN: 00050174) as Chairman and Managing Director (Promoter) of the Company.
Effective date and tenure: The re-appointment is for a term of 5 consecutive years effective from April 01, 2027 until March 31, 2032 (both days inclusive). He will not be liable to retire by rotation.
Approval status: The re-appointment is subject to approval of shareholders by way of special resolution at the ensuing Annual General Meeting.
Qualifications and experience: Shri Patel has completed Advanced Management and Management Studies in the United States of America. He has been associated with the Company since November 27, 1974 (over 51 years). He is described as an accomplished entrepreneur and philanthropist who played a pivotal role in transforming the company from a traditional media enterprise into a leading regional media organization over the past five decades.
Governance compliance: The disclosure confirms that Shri Patel is not disqualified from being re-appointed as Chairman & Managing Director under the Companies Act 2013. He is not debarred from holding the office of director by virtue of any SEBI order or any other authority. He has given his consent to act as Chairman & Managing Director.
Relationships with other directors: Shri Falgunbhai C. Patel is the father of Shri Parthiv F. Patel (Managing Director) and the husband of Smt. Pannaben F. Patel (Director of the Company).
Board meeting details: The board meeting where this decision was made commenced at 05:30 PM and concluded at 07:10 PM on May 29, 2026.
