Announced Sat, 25 Jul · 15:31 IST
Magnanimous Trade appoints two new Independent Directors
Management Changes View source PDF
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
The Board appointed Mr. Darvin Kiyada and Mr. Rushi Savliya as Additional Non-Executive Independent Directors for five years from 25 July 2026, subject to shareholder approval. Kiyada has 2+ years experience in accounts and finance; Savliya is a mechanical engineering graduate with experience in operations and management. Neither holds shares in the company nor has ties to existing directors. Board committees were also reconstituted.
Likely market impact
Routine governance update. Adds two independent directors to strengthen board oversight. No material impact on operations or share price expected.