Outcome of board meeting held on November 29, 2025
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The board of Garbi Finvest Ltd held a meeting on November 29, 2025, where Mr. Suranjan Upadhyay (DIN: 05287812) resigned as Non-Executive Non-Independent Director citing personal and unavoidable reasons, effective the close of business hours on the same day. He also stepped down from the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. In his place, the directors appointed Mr. Deepak Vishwakarma (DIN: 11366789) as Additional Director (Non-Executive Non-Independent Director), subject to shareholder approval at the next AGM. All three committees were reconstituted to include the new appointee. The meeting ran from 4:00 PM to 5:13 PM.
A routine board-level reshuffle with one non-independent director exiting and another replacing him should have no material impact on shareholders or the stock, as it does not affect the company's operations, financials, or independent director composition.