Appointment of Ms. Nidhi Prajapat as an Independent Director of the Company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ardi Investment and Trading Co Ltd's board, at its meeting on 11th August 2025, approved several changes: (1) appointed Ms. Nidhi Prajapat as Additional Independent Director effective 12th August 2025, (2) accepted the resignation of Independent Director Ms. Shvetalben Dataniya due to pre-occupancy, also effective 12th August 2025, (3) accepted the resignation of Company Secretary and Compliance Officer Ms. Priyanka Gupta effective immediately (11th August) for a better opportunity, and (4) approved shifting of the registered office within Ahmedabad. The board also approved unaudited Q1 FY26 results, which showed zero revenue from operations and a loss before tax of about ₹154.83 lakhs, significantly wider than the previous period's loss of ₹15.31 lakhs.
The company is undergoing leadership churn with one director and its compliance officer both exiting, while replacing only the director seat — this leaves a temporary gap in compliance leadership. Q1 FY26 results are weak with no operating revenue and a deepening loss, which is a negative signal for shareholders.