1. Appointment of Mr. Kurjibhai PremjiBhai Rupareliya (DIN-05109049) as Additional director w.e.f. 23/05/2025. 2. Appointment of Mr. Dhaval Babubhai Parekh (DIN-09636606) as Additional ....
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Magnanimous Trade & Finance Ltd held a board meeting on 23 May 2025 and approved three new director appointments. Mr. Kurjibhai PremjiBhai Rupareliya, an NBFC sector veteran who served as COO and Managing Director in other NBFCs, joins as Additional Director. Mr. Dhaval Babubhai Parekh, a commerce graduate with experience as a senior sales manager, is also appointed as Additional Director. Ms. Arzoo Raghubhai Rabari, an Inter-CA qualified finance professional, joins as Additional Non-Executive Independent Director. The board also appointed M/s Gupta Akash & Co. as Internal Auditor for FY 2025-26 and M/s Mahendra Khandelwal & Co. as Secretarial Auditor for a five-year period starting 1 April 2025. None of the new appointees are related to existing directors or debarred by SEBI.
The new directors bring NBFC operations, sales, and finance expertise, which may strengthen the company's governance and operational capacity. Routine auditor appointments indicate regulatory compliance without immediate material impact on shareholders.