Director Resignations

  • Mr. Mayurdwajsinh Sahadevsinh Rana (DIN: 09234993), Non-Executive and Non-Independent Director, resigned effective July 1, 2026, due to personal reasons and increasing preoccupation with other professional and personal commitments.
  • Mr. Sahadevsinh Babubha Rana (DIN: 09269488), Non-Executive and Non-Independent Director, resigned effective July 1, 2026, due to personal reasons and increasing preoccupation with other professional and personal commitments.
  • Both resignations were taken on record by the Board of Directors at their meeting held on July 3, 2026.
  • Mr. Mayurdwajsinh Sahadevsinh Rana consequently ceased to be a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.

New Director Appointment

  • Mr. Dipesh Jaswantlal Shah was appointed as an Additional Director in the category of Non-Executive, Independent Director effective July 3, 2026.
  • The appointment is subject to approval of the shareholders.
  • Term of appointment: 5 years, subject to shareholder approval.
  • Brief profile: He is an experienced person with industry exposure across finance, consultancy and advisory sectors.
  • He is not related to any of the directors of the Company.
  • Confirmation provided that Mr. Shah has not been debarred from holding office of a Director by virtue of any order passed by SEBI or any other authority.

Committee Reconstitution

Effective July 3, 2026, the Board approved the reconstitution of the following committees:

Audit Committee

  • Mr. Umeshbhai Hirjibhai Padariya (Non-Executive Independent Director) - Chairperson
  • Mr. Dipesh Jaswantlal Shah (Additional Director, Non-Executive, Independent) - Member
  • Mrs. Sitaben S Patel (Non-Executive Independent Director) - Member

Nomination and Remuneration Committee

  • Mr. Umeshbhai Hirjibhai Padariya (Non-Executive Independent Director) - Chairperson
  • Mr. Dipesh Jaswantlal Shah (Additional Director, Non-Executive, Independent) - Member
  • Mrs. Sitaben S Patel (Non-Executive Independent Director) - Member

Stakeholders Relationship Committee

  • Mrs. Sitaben S Patel (Non-Executive Independent Director) - Chairperson
  • Mr. Dipesh Jaswantlal Shah (Additional Director, Non-Executive, Independent) - Member
  • Mr. Umeshbhai Hirjibhai Padariya (Non-Executive Independent Director) - Member

Meeting Details

  • Board meeting date: July 3, 2026
  • Meeting timing: Commenced at 05:00 PM and concluded at 05:30 PM

Documentation

  • Required details provided as per Annexure A
  • Resignation letters enclosed as Annexure B