This is to inform that the shareholders at its 44th AGM held on July 31, 2025 approved the appointment of M/s Ruchi Kotak & Associates, practicing company secretaries, as the secretarial ....
ELCIDIN · price
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At the 44th AGM held on July 31, 2025 (via video conferencing), shareholders of EL CID Investments approved several board changes. Mr. Varun Vakil was re-appointed as a Non-Executive Director, Ms. Amrita Vakil was appointed as Whole-Time Director for a 5-year term (May 24, 2025 to May 23, 2030), and Mrs. Ragini Vakil was appointed as Non-Executive Director effective May 24, 2025. M/s Ruchi Kotak & Associates was appointed as Secretarial Auditor for 5 years (FY2025-26 to FY2029-30). Ms. Margarette Shwetha Thomas was appointed as a Non-Executive Independent Director via special resolution, and Mr. Essaji Vahanvati was re-appointed for a second term as Non-Executive Independent Director. The three Vakil appointees are related: Varun is Chairman and Amrita's brother, while Ragini is Varun's spouse and the company's CFO.
Three members of the Vakil promoter family now hold key board positions, including a Whole-Time Director role and the CFO/Director combination, which signals strong family control but may raise governance questions for shareholders. The addition of two independent directors and a new secretarial auditor brings some fresh oversight to the board.