Narmada Agrobase Limited has informed the Exchange regarding Change in Director(s) of the company.
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Narmada Agrobase Limited has informed the stock exchanges about changes to its Board of Directors, all effective 6th August 2025. Two Independent Directors, Mr. Gaurav Dineshkumar Agarwal and Mrs. Nidhi Dineshbhai Patel, resigned citing personal and unavoidable circumstances, with no material reasons disclosed. Mrs. Patel also stepped down as Chairman of the Nomination and Remuneration Committee. To fill these vacancies, two new Additional Directors (Independent category) have been appointed: Mr. Deepak Soni, a Chartered Accountant with experience in finance, taxation and legal matters, and Mrs. Shweta Vivek Nathwani, a B.Com graduate and registered Independent Director. Both new appointments are subject to shareholder approval at the next Annual General Meeting. The Chairman and Managing Director, Mr. Neerkumar Sureshchandra Agrawat, remains unchanged on the board.
The simultaneous exit of two independent directors and replacement with new appointees maintains the required board composition but may raise short-term governance questions. Shareholders should watch for the new directors' contributions and the outcome of the shareholder approval at the next AGM, as independent director changes can sometimes be a signal of board-level restructuring.