As per the attachment
Awaiting price reaction for this filing.
Unistar Multimedia's board, at its July 12, 2025 meeting, appointed three new directors — Naman Bhanubhai Shah as Executive Director, Apurvabhai Dilipbhai Shah as Non-Executive Non-Independent Director, and Nitesh Jagmohan Vashistha as Non-Executive Non-Independent Director — all subject to shareholder approval. Apurvabhai Dilipbhai Shah was also named Chairperson of the company. Separately, the board noted the resignations of Vishal Raval and Dharmendra Arunbhai Rathod (effective June 19, 2025) and Kinjal Raval (effective January 15, 2025), all citing inability to devote time. The company acknowledged it had delayed disclosing these resignations to the stock exchange, blaming inadvertent oversight and administrative reasons.
Three directors quitting in a short span and the company's admission of delayed stock-exchange disclosure are red flags for governance and compliance, which may concern shareholders. The newly appointed directors bring capital markets experience, but investors should watch the upcoming general meeting for shareholder approval and seek clarity on the reasons behind the resignations.