Board Resolutions Approved:

1. Reconstitution of Committees

  • Audit Committee: Mr. Sandesh Mohan Nikam (Non-Executive and Independent Director) as Chairman; Mrs. Kinjal Darshit Parkhiya (Non-Executive Director) as Member; Mrs. Sheetal Mitesh Shah (Executive Director and Chief Financial Officer) as Member.
  • Stakeholders Relationship Committee: Mr. Arvind Jethalal Gala (Non-Executive Chairman and Non-Independent Director) as Chairman; Mrs. Sheetal Mitesh Shah (Executive Director and Chief Financial Officer) as Member; Mr. Tejas Chandravadan Trivedi (Non-Executive and Independent Director) as Member.

2. Resignation of Mrs. Bansri Bhavesh Dedhia (DIN: 08627610) from the position of Chief Executive Officer (CEO) and Director of the Company, effective immediately from August 06, 2026. Her resignation letter cited "pre occupation with other matters" as the reason.

3. Resignation of Mr. Dipak Ishwarlal Parikh (DIN: 09733159) as an Independent Director of the Company, effective from the close of business hours on August 06, 2026. His resignation was due to "personal and professional commitments."

4. Appointment of Mr. Rajesh Shantilal Vakharia (DIN: 11874560) as Chief Executive Officer (CEO) and Director on the Board of the Company, with immediate effect from August 06, 2026, subject to shareholder approval at the ensuing Annual General Meeting (AGM). His term is for five years. Mr. Vakharia has over three decades of experience in securities markets and financial operations, currently serving as President - Securities Transaction at Tirupati Fincorp since April 2026.

5. Appointment of Mrs. Kinjal Darshit Parkhiya (DIN: 10553695) as an Additional Director in the capacity of Independent Director, with immediate effect from August 06, 2026, subject to shareholder approval at the ensuing AGM. Her term is for Financial Year 2026-27. Mrs. Parkhiya is a Practicing Company Secretary with over 8 years of experience in corporate governance and compliance.

6. Appointment of M/S. CGCA & Associates LLP, Chartered Accountants (FRN No: 123393W) as the Statutory Auditor of the company for a term of five consecutive years, from the conclusion of the 44th AGM until the conclusion of the 48th AGM (financial years 2026-27 to 2030-31). The firm is represented by Mr. Gautam R. Mota, a qualified CA, LLB, and Registered Valuer for Securities and Financial Assets.