MD and CFO resign, auditor exits midterm; business pivots to renewable energy

Packed board meeting on July 15, 2026: MD Hemantbhai Raval and CFO Akash Parmar both resigned, citing professional commitments and personal reasons. Statutory auditor DD Shah Patel resigned midterm (under one year into a 5-year term), citing capacity constraints; J M Patel and Bros appointed as new auditor for 5 years. Ravikumar Patel (already a director) elevated to MD and Purvikkumar Patel named new ED and CFO. Company altering objects clause to pivot from chemicals to renewable energy (CBG, Bio-CNG, hydrogen, biofuels). 33rd AGM on August 10, 2026.