Disclosure for Appointment & Resignation
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Awaiting price reaction for this filing.
The board of Maitri Enterprises Ltd, at its meeting on November 14, 2025, approved the unaudited standalone and consolidated financial results for Q2 and H1 FY26 ended September 30, 2025. The board appointed Mr. Bharat Ramjibhai Sisodia (DIN: 11327540) as an Additional Non-Executive Independent Director effective November 14, 2025. He is the founder of the CATCH urban-forestry initiative and is not related to any existing director, with no shareholding in the company. Separately, Mr. Harishkumar Ishwarlal Motwani (DIN: 09243591) resigned as Independent Director, also effective November 14, 2025, citing personal reasons and confirming no other material reasons. The board also reconstituted its Audit, Nomination & Remuneration, and Stakeholders Relationship committees.
This is a routine like-for-like board reshuffle with one independent director replacing another, so governance continuity is maintained. No change in promoter/management control; limited stock-price impact expected. Investors should await the Q2 FY26 results for actual performance signals.