Nature of change: Appointment of Chief Financial Officer (CFO) as Key Managerial Personnel
Name and DIN: Mr. Kaivan Vora (DIN not provided in disclosure)
Effective date: May 27, 2026
Profile and qualifications: Holds Master of Business Administration (MBA) in Finance with over 18 years of experience in corporate finance, treasury management, project finance, banking operations, working capital management, and fund raising. Has extensive exposure in infrastructure, banking, and pharmaceutical sectors through association with Sadbhav group, Otsuka Pharmaceutical India Private Limited, and ICICI Bank Limited.
Eligibility confirmation: Mr. Kaivan Vora is not debarred from holding the office of KMP by virtue of any SEBI order or any other such authority.
Relationship with other directors: Not Applicable (as per disclosure)
Previous KMP: Not disclosed in the document
Shareholding: Nil shares in the company
Directorship in other listed entities: None
Key Financial or Operational Approvals
Board approved and adopted the standalone and consolidated audited Financial Results of the Company for the Quarter and year ended March 31, 2026
Auditors' Report on standalone and consolidated Financial Results is with modified opinion
A statement on impact of Audit Qualifications (in respect of modified opinion on Standalone and consolidated Audited Financial Result) is enclosed with the filing
The approval is pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Strategic or Business Context
No specific business outlook, risk commentary, demand trends, or expansion plans disclosed in this filing
No forward-looking guidance or capital allocation strategy mentioned
Any Other Material Information
Meeting was held on Wednesday, May 27, 2026
Meeting commenced at 9:00 p.m. and concluded at 11:55 p.m.
Appointment was made on recommendation of Nomination and Remuneration Committee
Compliance with SEBI Master circular no. H0/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026
Company CIN: L45202GJ2007PLC049808
Company addresses: Corporate office at \"sadbhav House\" Opp. Law Garden Police Chowki, Ellisbridge, Ahmedabad-380006; BSE code: 539346; NSE Symbol: SADBHIN
