Announcement under Regulation 30 (LODR)-Resignation of Director
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Mrugesh Trading Ltd announced that Mr. Arpit Piyushbhai Shah (DIN: 08311352) has resigned from the positions of Managing Director and Chief Financial Officer effective 20th February 2026, citing personal reasons. The Board has appointed Mr. Babubhai Bhalabhai Makwana (DIN: 11527268) as the new Managing Director and CFO with immediate effect. Mr. Makwana brings over 15 years of experience in business management, accounting, financial reporting, and budgeting, and is not related to any existing director. The resigning director confirmed there are no other material reasons for his departure beyond personal reasons.
A single individual (Mr. Babubhai Makwana) now holds both the Managing Director and CFO positions, which raises governance concentration concerns as there is no independent check on financial reporting. For retail investors, this dual-role appointment combined with the abrupt exit of the previous MD/CFO may warrant caution and closer monitoring of future financial disclosures.