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Awaiting price reaction for this filing.
The company held a board meeting on November 4, 2025, and approved three key items. First, Mr. Manthan Gumansinh Thakor was appointed as an Additional Independent Director for an initial five-year term, bringing experience in business management, financial knowledge, consumer marketing, and project management. Second, Mr. Pradip Sudhakarbhai Birewar was appointed as an Additional Non-Executive and Non-Independent Director, with a background in the building and construction industry. Third, the company approved shifting its registered office within Ahmedabad, from Ajanta Complex on Ashram Road to Titanium City Centre on 100 Feet Road, Satellite. Both new directors are unrelated to existing board members, hold no shares in the company, and are not debarred from holding directorship by any authority. Managing Director Chirag K Shah continues in his role.
The addition of a new Independent Director strengthens board oversight and governance, which is mildly positive for minority shareholders. The office relocation is a routine administrative change with no material business impact and is unlikely to affect the stock price.