1. Resignation of Non-Executive Director Mrs. Chhaya Babulal Jain(Din: 10198345) from the Board of Directors of the Company. (Resignation Letter Enclosed) 2. Resignation of Non-Executive ....
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GV Films Ltd's Board meeting held on 30th April 2026 saw the resignation of three Non-Executive Directors — Mrs. Chhaya Babulal Jain, Mr. Vishal Babulal Jain, and Mr. Vijaykumar Santoshchand Jain — all citing preoccupation in other assignments. All three resignations are effective immediately. In a related development, the appointment of Mr. Khalilur Rehman Zakir Hussain, originally approved on 27th March 2026 but stalled due to a regulatory compliance issue, was ratified. Two new Additional Directors (Non-Executive) were appointed: Mr. Rashmi Chatwani (linked to UK hospitality group Fairview Hotels and distribution firm Davis and Dann Limited) and Mr. Khalilur Rehman Zakir Hussain (an entrepreneur with 25+ years of business experience across the UAE, holding a diversified investment portfolio spanning Asia, Africa, and Europe).
The simultaneous resignation of three non-executive directors could signal governance concerns or instability in the board composition. The replacement of all three with externally sourced directors may bring fresh perspectives but warrants monitoring for continuity and shareholder alignment.