Please find enclosed herewith resignation of Mr. Mahipal singh chouhan as non-Executive Independent Director of the Company.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Accretion Nutraveda Ltd held its Board meeting on May 8, 2026, which covered multiple items. Two independent directors - Mr. Arun Dash and Mr. Mahipal Singh Chouhan - tendered their resignations citing personal and professional commitments respectively, effective close of business hours the same day. Both directors served on multiple board committees including Audit, Nomination & Remuneration, and Stakeholder Relationship committees. To fill these vacancies, the board appointed Mr. Chand Rameshbhai Kanabar and Ms. Grishma A Shewale as Additional Non-Executive Independent Directors, subject to shareholder approval. The meeting also approved audited FY2025-26 results showing revenue of ₹3,360.31 Lakhs (up 110% YoY) and PAT of ₹506.83 Lakhs (up 103% YoY), with an unmodified audit opinion. The company recently listed on BSE SME platform in February 2026 via IPO raising ₹2,476.80 Lakhs.
The simultaneous resignation of two independent directors raises governance concerns as the board loses committee expertise. However, the quick appointment of two replacements and the company's strong financial growth (PAT doubled YoY) may provide stability. Investors should monitor shareholder approval of the new appointments and any further board changes.