Outcome of the Board meeting held on September 24, 2025
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Awaiting price reaction for this filing.
Jhaveri Credits & Capital's board, at its meeting on September 24, 2025, made four key decisions. First, it appointed Mr. Jayeshkumar Madhavlal Patel (DIN: 00473443) as an Additional Independent (Non-Executive) Director for a 5-year term, subject to shareholder approval. Mr. Patel brings over 40 years of textile industry experience and holds zero shares in the company. Second, it appointed Mr. Gaurav Pramodkumar Shrimankar (ICSI Member, ACS 32507) as Company Secretary and Compliance Officer, making him a Key Managerial Personnel. Third, it accepted the resignation of Independent Director Mr. Pranav Gokulbhai Patel (DIN: 072262691), effective closing hours of September 24, 2025, citing increased personal business commitments. Fourth, all board committees were reconstituted to induct the new independent director in place of the resigned one. The filing is signed by CFO Parth Sanghavi.
These are routine board-level personnel changes with no direct impact on operations or financials - one independent director replaced by another, and a new company secretary appointed. Shareholders should note these governance updates but they are unlikely to move the stock price.