To Regularise Mr. Hasmukhrai Narottamdas Bhagdev as a Non Executive Director. Kindly take the same on your record. Thank you.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
At a board meeting on September 2, 2025, Jay Kailash Namkeen approved its FY25 annual accounts and Board Report. The company accepted the resignation of its CEO, Mr. Rituraj Singh Solanki, effective the same day, with no replacement announced in this filing. Two new directors joined: Mr. Hasmukhrai Narottamdas Bhagdev was regularized as Non-Executive Director, and Mr. Raghuraj Miteshbhai Rupareliya was appointed as Additional Non-Executive Independent Director (effective September 30, 2025). Mrs. Tulsi Neel Pujara (Whole Time Director) was re-appointed via rotation. The Board also approved increasing the authorized share capital from Rs. 5 crore to Rs. 12.5 crore (a 150% jump, hinting at a possible fundraising), and authorized selling the existing factory at Kuvadava Road and leasing a new facility at Kuchiyadad, Rajkot, signaling a manufacturing unit relocation.
Shareholders should note the sudden CEO exit without a named successor, which is a key governance red flag for a small-cap. The factory relocation combined with a sharp authorized capital increase suggests the company may be preparing for fresh equity fundraising or expansion, which could dilute existing shareholders. The 4th AGM is set for September 29, 2025, where these changes will be put to vote.