Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 for Appointment of Whole-Time Director & Change in Designation of Director
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Millennium Online Solutions has informed BSE of two board changes effective 6th August 2025. Mr. Harilal Singh (DIN: 05124923), a B.Com graduate with experience in accounting and finance, has been appointed as Whole-Time Director for a 3-year term, subject to shareholder approval at the next general meeting. Separately, Mr. Nikunj Pancholi (DIN: 06395775) has been redesignated from Non-Executive Independent Director to Non-Executive Non-Independent Director, with his office now liable to retire by rotation. Both individuals are confirmed as not related to any existing Directors, KMPs, or Promoters, and are not debarred by SEBI from holding director positions.
The appointment adds an executive director with finance expertise, which may support operational growth. However, the conversion of an Independent Director to Non-Independent reduces independent oversight on the board, which minority shareholders should monitor as a governance concern.