Mr. Yogesh Dawda, CEO of the Company has tendered resignation vide his letter dated 21.04.2026.
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Mr. Yogesh Dawda has resigned as Chairman, Wholetime Director & CEO of Neelkanth Limited effective April 21, 2026, citing personal commitments and pre-occupation. Simultaneously, the Board has appointed Mr. Bhavik Bhimjyani, a Promoter of the Company and MBA graduate from Wharton School, as Additional Director in the capacity of Chairman & Managing Director for a 5-year term. The Company is also amending its Articles of Association to allow the same individual to hold both Chairperson and Managing Director/CEO positions simultaneously. A Postal Ballot is being conducted for member approvals on these matters.
The resignation of the CEO and immediate appointment of a Promoter family member marks a significant leadership transition. Shareholders should note this is an internal succession rather than an external appointment, and the pending AOA amendment enables consolidated leadership structure.