Disclosure of Regulation 30 for Appointment of Independent Director
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The board of Mafia Trends Ltd held a meeting on November 28, 2025 where it appointed Mr. Dharmesh Mithabhai Patel (DIN: 11389357) as a Non-Executive Independent Director for a 5-year term, subject to shareholder approval. Mr. Patel is a Commerce Graduate from Gujarat University (2011) with 9 years of experience as a Tax Consultant, and is not related to any existing director, KMP, or promoter, nor does he hold any shares in the company. In the same meeting, the board accepted the resignation of Mr. Amit Rameshbhai Uttamchandani (DIN: 10278185) as Independent Director with effect from the same date, citing personal professional commitments and unavoidable reasons. Certain board committees were also reconstituted. Mr. Uttamchandani will continue as Independent Director at Power and Instrumentation (Gujarat) Limited.
This is a routine board-level change at a small-cap company with no obvious governance red flags, though the abrupt same-day resignation and appointment may be worth monitoring. The reconstitution of board committees may temporarily affect committee operations, but no material impact on shareholders or operations is indicated.