Please find the attached Outcome of Board Meeting dated 02nd April, 2026.
Awaiting price reaction for this filing.
Univa Foods Ltd's Board meeting on April 2, 2026 approved the appointment of 2 new Additional Non-Executive Independent Directors - Mr. Jignesh Keshav Barot (a law graduate from Mumbai University specializing in corporate law) and Ms. Rinku Saini (a consultant and advisor to top-tier companies) - both for a 5-year term. Concurrently, the Board accepted resignations of Mr. Sachin Shivaji Wagh and Mrs. Kinjal Gandhi as Independent Directors effective April 1, 2026. Both resigning directors confirmed 'personal reasons' as the cause with no material concerns. This represents a clean board transition with the same number of departures and appointments.
The net board composition remains stable as 2 directors replace 2 departing independent directors. The resignations cite only 'personal reasons' with no material issues disclosed, which is typically neutral for shareholders. The new appointments may bring fresh perspectives - particularly Mr. Barot's legal expertise - but both new directors hold multiple other directorships across several listed companies.