Intimation of sad demise of Mr. Arvind Manubhai Vakil, Director of the company under Regulation30 (LODR) Regulation 2015
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Ajwa Fun World & Resort Ltd informed BSE about the sad demise of Mr. Arvind Manubhai Vakil, an Independent Director (DIN: 07566695), who passed away on 21st September 2025. The company was informed of his passing by his family members on 13th December 2025 and filed the intimation with the stock exchange on the same day, about 2.5 months after the event. The company acknowledged his long association, vision, and leadership that benefited the board during his tenure. The disclosure was filed under Regulation 30 of SEBI LODR Regulations, 2015, signed by the Company Secretary and Compliance Officer. No other directorships in listed entities were held by the deceased director.
The passing of an independent director creates a vacancy on the board that the company will need to fill to maintain compliance with the minimum independent director requirements. This is unlikely to have a material impact on stock price but may temporarily affect board committee compositions.