Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that Mr. Bhumit Patel (DIN: ....
PRAVEG · price
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Mr. Bhumit Patel (DIN: 02796255), Whole-time Director of Praveg Limited, has resigned from the Board with effect from December 31, 2025. The reason cited is preoccupancy and engagements in various professional assignments and social activities. The company has confirmed that there are no other material reasons for his resignation. Mr. Patel also simultaneously stepped down as a Non-Executive Director from another listed company, Jhaveri Credits and Capital Limited, on the same date. The disclosure was filed on January 1, 2026, signed by Mukesh Chaudhary, Company Secretary & Compliance Officer.
The exit of a Whole-time Director, who is a Key Managerial Personnel, may create a short-term leadership vacuum at Praveg Limited. However, since the reason is personal preoccupancy rather than any governance concern or performance issue, the stock impact is likely to be neutral to mildly negative in the near term. Investors should watch for the appointment of a replacement.