OUTCOME OF BOARD MEETING Dated 28/07/2025
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Crestchem Ltd's board, meeting on July 28, 2025, accepted the resignation of Mr. Khyati Vyas as Company Secretary, Compliance Officer, and CFO effective June 30, 2025, due to health problems. Mr. Nitin S. Shah, who was serving as an Independent and Non-Executive Director, also resigned from the board with immediate effect. The same Mr. Nitin S. Shah was then appointed as the new Company Secretary, Compliance Officer, and CFO effective August 1, 2025. He is a qualified Company Secretary with around 30 years of experience in listing regulations, corporate governance, and secretarial compliance. Routine business approvals were also noted.
The company has smoothly transitioned its top compliance and finance role by internally reshuffling an existing director into the CS/CFO position, ensuring no vacancy in key managerial functions. Shareholders should note a change in CFO, though operations are unlikely to be disrupted as the new appointee is a familiar face.