Enclosed herewith Outcome of the Board Meeting held on April 02, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board meeting resulted in three key leadership changes. Mr. Vijal Yogendra Patel resigned as CFO effective April 2, 2026, as he is being elevated to Chairman & Managing Director. His sister, Ms. Chandni Yogendra Patel, has been appointed as the new CFO effective April 3, 2026. She holds an MBA in Human Resources from the University of Aberdeen. Mr. Vijal Yogendra Patel, previously Whole-time Director, is being re-designated as Chairman & Managing Director subject to shareholder approval via postal ballot. Both appointments involve family members of the existing Whole-time Director, Mrs. Anjni Yogendra Patel.
The company is undergoing a family succession with the current CFO moving to the top leadership role and his sister taking over as CFO. This appears to be a planned transition within the Patel family. Shareholders will vote on the re-designation via postal ballot.