1. Appointment of Mr. Kurjibhai premjibhai Rupareliya, as additional director of the company with effect from May 23, 2025. 2. Appointment of Mr. Dhaval Babubhai Parekh (DIN-09636606) ....
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Awaiting price reaction for this filing.
On May 23, 2025, the board of Magnanimous Trade & Finance Ltd approved the appointment of three new directors. Mr. Kurjibhai Premjibhai Rupareliya and Mr. Dhaval Babubhai Parekh were appointed as Additional Directors, while Ms. Arzoo Raghubhai Rabari was appointed as Additional Non-executive Independent Director. All three appointments are effective from May 23, 2025 and are subject to shareholder approval. The company signed the intimation letter Sudhir Kumar, Whole Time Director. No resignations or departures were mentioned in this filing.
For shareholders, this is a routine governance update adding new faces to the board, which could signal fresh oversight or capacity expansion. The stock price is unlikely to react meaningfully since no senior executive or auditor is leaving and no red flags were raised.