1. Resignation of Mrs. Charul Gattani as Executive Director of the Company effective from the close of business hours of 30th August 2025 2. Appointment of Siddharth Gattani & Shorya ....
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ATVO Enterprises Limited announced board changes effective August 30, 2025. Mrs. Charul Gattani resigned as Executive Director citing pre-occupation with other activities; she confirmed no other material reasons and holds 25,04,536 shares in the company. Two new Additional Executive Directors (Non-Independent) were appointed: Mr. Siddharth Gattani (30, BBA in Finance, experience in accounts/finance/capital markets) and Mr. Shorya Gattani (BBA Honours, 5+ years in ethanol manufacturing and real estate). Both are sons of Mr. Naresh Kumar Gattani, the Chairman and Managing Director, and belong to the promoter group. Their appointments are subject to shareholder approval at the next AGM.
The changes reinforce promoter family control of the board, with two promoter-group sons joining as Executive Directors to replace a departing family member. Existing shareholders should note the continuation of family-led management, which may bring fresh energy but also concentrates decision-making within the promoter group. The transition is unlikely to materially shift business operations in the short term.