Disclosure of Resignation of Mr. Pareshkumar Patel as an Independent Director.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jhaveri Credits & Capital's board approved Q3 FY26 results showing a sharp reversal — the company slipped into a loss of ₹10.93 lakhs versus a profit of ₹122.99 lakhs in the previous quarter, with revenue from operations falling to ₹1,652.91 lakhs from ₹2,236.32 lakhs. For the nine months ended December 2025, revenue more than doubled to ₹5,085.73 lakhs, but profit dropped to ₹231.15 lakhs from ₹339.34 lakhs a year earlier. The Managing Director, Mr. Vishnukumar Vitthaldas Patel (holding ~48 lakh shares), stepped down from the executive role and was redesignated as a Non-Executive Director, subject to shareholder approval. Independent Director Mr. Pareshkumar Kantilal Patel resigned effective February 10, 2026, citing personal business commitments. CFO Mr. Parth Sanghavi also tendered his resignation, effective March 12, 2026, citing personal and professional reasons. The Audit, Nomination & Remuneration, and Stakeholder Relationship committees have been reconstituted to fill the vacancy.
A loss-making quarter combined with the exit of the Managing Director from executive duties and the departure of the CFO signals meaningful leadership churn at a small-cap company. Retail investors should track the appointment of a new CFO and the shareholder vote on the MD redesignation, as execution and financial controls could be affected in the interim.