Appointment of Mr. Rahul Parmar and Harpalsinh Parmar as a Independent Director of the Company and Resignation of Ms. Sweta Panchal From the Post of Independent Director of the Company
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Padmanabh Industries held a board meeting on 28 July 2025 with four key outcomes. Mr. Rahul Parmar and Mr. Harpalsinh Parmar were appointed as Additional Independent Directors effective 29 July 2025, with Rahul Parmar getting a 5-year term and bringing experience in trading, marketing, and risk management, while Harpalsinh Parmar is a commerce graduate with knowledge of accounting and tax matters. Ms. Sweta Rasikbhai Panchal resigned from her Independent Director post effective 28 July 2025, citing personal commitments and professional obligations at other companies (including MPF Systems, Veronica Production, Mihika Industries, and Kenrik Industries). The company also shifted its registered office within Ahmedabad to Sakar-9, Navrangpura.
This is routine board-level housekeeping with no direct impact on operations, financials, or shareholders. Net effect is a slight expansion of the independent director bench (one out, two in) and an office address change within the same city, which is largely administrative.