Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Postal Ballot Notice
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Jhaveri Credits & Capital Ltd is seeking shareholder approval via postal ballot for five key board changes. Mr. Vishnukumar Vitthaldas Patel is stepping down as Managing Director (effective February 10, 2026) and being redesignated as Non-Executive Director, then Chairman. Mr. Ghanshyambhai Hargovindbhai Engineer is being appointed as new Managing Director for 5 years with salary up to Rs. 3 lakh per month. Ms. Chetna Rahul Vyas is being appointed as Independent Woman Director for 5 years. Ms. Bijal Kiran Parikh is being elevated from Non-Executive Director to Executive Director for 5 years with salary up to Rs. 5 lakh per month. Remote e-voting runs from April 9, 2026 to May 8, 2026.
The leadership transition from Mr. Patel to Mr. Engineer as Managing Director marks a significant change in company management. Shareholders should review the appointments as these changes affect the company's governance structure and executive compensation.