Outcome of the Board Meeting dated 08th May 2025
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Minal Industries' board met on 8th May 2025 (11:15 AM to 11:40 AM) and approved the regularisation of Mr. Divyanshu Navlakha (DIN: 01162140) as a Non-Executive Non-Independent Director, subject to shareholder approval at an upcoming Extraordinary General Meeting. Mr. Navlakha was originally appointed as Additional Director on 4th March 2025; he is a Poona University graduate and GIA-certified gemologist with 6 years of experience in jewellery and gems, and notably is related to Shrikant Jesinglal Parikh, the Managing Director and Promoter of the company. The board also approved the draft EGM notice, cut-off date for e-voting, appointed M/s HSPN & Associates LLP as scrutinizer, and selected NSDL to facilitate the e-voting process.
This is largely procedural housekeeping for an upcoming EGM where shareholders will vote on confirming a related-party (promoter family) director. While no financial or strategic decision is involved, retail shareholders should note the EGM date once announced to participate in the e-voting on the director regularisation resolution.