Intimation of Appointment of Non-Executive Independent Directors of the company
MODIS · price
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Modi's Navnirman Limited has appointed Mr. Chintan Suresh Shah (DIN: 05288038) and Mr. Anil Suresh Kapasi (DIN: 03524165) as Additional Non-Executive Independent Directors, effective July 10, 2025. Both are appointed for a term of five years, subject to shareholder approval at the next general meeting. Mr. Shah has over 22 years of experience in manufacturing and is the Founder of Chemo Fab Industries LLP, while Mr. Kapasi is the Founder and Managing Director of Arihant Academy with 32+ years in the coaching sector. The appointments were recommended by the Nomination and Remuneration Committee and approved by the Board. The signing authority is Mahek Dinesh Modi, CFO and Whole-Time Director.
The addition of two independent directors brings fresh expertise from manufacturing and education sectors to the board, strengthening corporate governance. This is a routine board-composition update and is unlikely to materially affect the stock price in the short term.