Re-appointment of Mr. Vishwesh D, Mehta (DIN : 00484785) as Managing Director (E&NID)of the Company approved by the board on the recommendation of NRC for the term of three Years w.e.f. ....
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The board of Mehta Integrated Finance Ltd has re-appointed Mr. Vishwesh D. Mehta as Managing Director (Executive & Non-Independent Director) and KMP for a term of 3 years from June 1, 2026 to May 31, 2029, subject to shareholder approval. Vishwesh Mehta, 43, is a CA, CFA (USA) and PhD in Finance from IIM Bangalore with 16 years of experience, previously with Aditya Birla Group. He is related to Mrs. Bhavna D. Mehta (Chairperson and Promoter Group member) as his mother. The board also approved audited financial results for Q4 and FY ended March 31, 2026, reporting profit before tax of Rs 8.95 lakhs compared to Rs 41.35 lakhs in the previous year. M/s. Trivedi Parikh & Shah were reappointed as internal auditors for FY 2026-27.
The re-appointment provides continuity in leadership under the Mehta family. However, profit declined significantly (down 78% YoY) which may concern investors. The company's NBFC operations show reduced profitability compared to the previous year.