1. Appointment of Mr. Kurjibhai premjibhai Rupareliya , as Additional Director w.e.f 23-05-2025 2. Appointment of Mr. Dhaval Babubhai Parekh, as additional director w.e.f 23-05-2025. 3. ....
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Magnanimous Trade & Finance Ltd, an NBFC based in Jaipur/Kolkata, has appointed three new directors to its board effective May 23, 2025. Mr. Kurjibhai Premjibhai Rupareliya and Mr. Dhaval Babubhai Parekh have been appointed as Additional Directors, while Miss. Arzoo Raghubhai Rabari has been appointed as Additional Non-Executive Independent Director. All three appointments are subject to shareholder approval. Rupareliya brings extensive NBFC experience including a prior stint as COO, Parekh has a commerce background with sales experience at NBFCs and banks, and Rabari is a qualified CA Inter with experience in accounting, taxation, and auditing. None of the appointees have been debarred by SEBI or any other authority from holding directorship. The intimation was signed by Whole-time Director Sudhir Kumar Pai.
The expanded board with NBFC-experienced professionals could strengthen the company's governance and operational expertise. Since the stock is thinly traded and the company is small-cap, this is a routine board expansion with limited immediate price impact.