Key Decisions and Approvals
The Board of Directors approved the following items:
1. Re-appointment of Mr. Jimit Ramesh Shah (DIN: 01580796) as Managing Director of the Company, recommended for shareholder approval.
2. Re-appointment of Mr. Ramesh Virji Shah (DIN: 01580767) as Whole-time Director of the Company, recommended for shareholder approval.
3. Appointment (Regularisation) of Mr. Mangilal Tikuchand Jogani (DIN: 01401993) as Non-Executive Independent Director of the Company, recommended for shareholder approval.
4. Approval of Postal Ballot Notice for seeking shareholders' approval for all three director appointments.
5. Appointment of Scrutinizer - Mr. Divyesh N Vanpariya, proprietor of DNV & Associates, Practicing Company Secretary (FCS – 13647, COP- 21050) as Scrutinizer for the Postal Ballot process.
6. Approval of E-Voting facility through NSDL E-Voting Platform with the following dates:
- E-Voting Start Date: October 18, 2026
- E-Voting End Date: November 17, 2026
- Cut-off Date for E-Voting: October 09, 2026
Director Details and Terms
Mr. Jimit Ramesh Shah (Managing Director)
- Age: 44 years
- Experience: 24 years in real estate business
- Qualifications: Bachelor of Commerce
- Current term expires: November 01, 2026
- Proposed term: November 02, 2026 to November 01, 2031 (5 years)
- Shareholding: 3.70%
- Relationship: Son of Mr. Ramesh Virji Shah, Husband of Ms. Sunita Jimit Shah
- Other directorships: Zodiac Developers Private Limited, Zodiac Developers India Private Limited, Mumbai Mega Development Private Limited
Mr. Ramesh Virji Shah (Whole-time Director)
- Age: 66 years
- Experience: 35 years in real estate business
- Qualifications: Bachelor of Commerce
- Current term expires: November 01, 2026
- Proposed term: November 02, 2026 to November 01, 2031 (5 years)
- Shareholding: 15.23%
- Relationship: Father of Mr. Jimit Shah, Father-in-law of Ms. Sunita Jimit Shah
- Other directorships: Zodiac Developers Private Limited, Zodiac Developers India Private Limited, Zodiac Capital Private Limited
Mr. Mangilal Tikuchand Jogani (Independent Director)
- Experience: 30+ years in Real Estate Sector in and around Mumbai
- Appointment date: September 30, 2026 (as Additional Director)
- Proposed term: September 30, 2026 to September 29, 2031 (5 years)
- Not liable to retire by rotation
- Not related to any Director of the Company
- No other directorships
- Received declaration of independence under Section 149(7) of Companies Act, 2013
Meeting Details
- Board Meeting commenced at 12:10 p.m. and concluded at 12:30 p.m. on October 15, 2026
Postal Ballot Process
The Company will conduct remote e-voting only through NSDL E-Voting Platform. Physical copies of the Notice and Postal Ballot Form will not be sent to Members. The Scrutinizer will submit his report after completion of scrutiny, and results will be announced not later than 48 hours from conclusion of e-voting.
Financial Impact
No financial impact disclosed regarding director remuneration or appointment costs in this filing.