Pursuant to Regulation 30 of SEBI(Listing Obligations and Disclosures Requirements) Regulations, 2015 , please find attached the Outcome of Board meeting dated May 21, 2025
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BN Holdings Limited held a board meeting on May 21, 2025, resulting in multiple leadership changes. Mr. Anubhav Agarwal stepped down as Managing Director and relinquished the CEO position, moving to a Non-Executive Director role to pursue global business ventures. Mr. Ashutosh Sharma resigned as Director citing personal and professional commitments. In his place, Mr. Chintan Ajaykumar Shah was appointed as Additional Executive Director and Whole-Time Director, and will also take over as CEO effective May 22, 2025. The Board also reconstituted its Audit, Nomination and Remuneration, and Stakeholder Relationship Committees, and updated the list of Key Managerial Personnel. The meeting lasted about 18 minutes (2:30 PM to 2:48 PM).
Shareholders should note a significant leadership transition: the existing Managing Director and CEO is stepping back to a non-executive role while a new CEO takes charge from May 22, 2025. Chintan Shah's appointment as Whole-Time Director is subject to shareholder approval. The changes are largely internal succession and not governance-red-flag related, though investors may want to monitor how the new CEO's plans affect business direction.