Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in line with the above-referenced SEBI circular, the Board of Directors in ....
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Leo Dryfruits & Spices Trading Ltd announced board changes effective July 15, 2025. Two new directors were appointed: Mr. Jenish Ketan Shah as Non-Executive Non-Independent Director, and Mr. Dhiraj Kumar Ahuja as Non-Executive Independent Director for a 5-year term, both subject to shareholder approval. Notably, Jenish Shah is the son of Mr. Ketan Sobhagchand Shah, the company's Whole Time Director & CFO, indicating a promoter family member joining the board. Additionally, Mr. Parth Ashish Mehta resigned as Non-Executive Director to pursue new professional opportunities and a possible relocation abroad. The board meeting ran from 5:23 PM to 5:40 PM on July 15, 2025.
The addition of a promoter family member (son of the WTD/CFO) to the board reinforces family control of the company, which is worth noting for governance-conscious investors. The resignation of a non-executive director is routine and unlikely to materially affect operations. Net board strength changes from -1 to net even with the two fresh appointments.