Resignation of Mr. Suranjan Upadhyay and appointment of Mr. Deepak Vishwakarma
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Garbi Finvest Ltd has announced changes to its board effective November 29, 2025. Mr. Suranjan Upadhyay, a Non-Executive Non-Independent Director, has resigned citing personal and unavoidable circumstances, and confirmed there are no other material reasons behind his exit. He will also step down from the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. To fill the vacancy, Mr. Deepak Vishwakarma has been appointed as an Additional Director (Non-Executive Non-Independent), subject to shareholder approval at the next AGM. Mr. Vishwakarma holds a Bachelor of Arts degree, an ITI qualification, and has over three years of experience in business operations.
This is a routine board-level reshuffle involving a non-independent director, and is unlikely to have a material impact on the stock price or business operations. Investors may await shareholder approval of the new appointment at the next AGM.