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Neelkanth Limited's board, at its meeting on March 20, 2026, approved the appointment of Mr. Devidas Jayram Shejul (DIN: 10868647) as an Additional Independent Director for a 5-year term (March 20, 2026 to March 19, 2031), subject to shareholder approval. Shejul is a practicing advocate and member of the Bar Council of Maharashtra & Goa since 2007 and is not related to any existing director or KMP. In the same meeting, the board accepted the resignation of Mr. Yogesh Jaintilal Thakkar (DIN: 07275147), Independent Director, effective close of business on March 20, 2026, citing personal reasons. The company confirmed there are no other material reasons for his exit. All three key board committees – Audit, Stakeholders Relationship, and Nomination & Remuneration – were reconstituted, with Sangeeta Vijay Kumar chairing each and the new appointee Devidas Shejul joining as a member.
This is a routine one-for-one replacement of an independent director with no governance red flags disclosed, and the board continues to meet composition requirements. The change is unlikely to have a meaningful impact on the stock price or shareholder interests.