The Company wishes to inform that the Board of Directors, in its meeting held today, viz. Tuesday, March 10, 2026, which commenced at 04:00 P.M. (IST) and concluded at 4:21 P.M. (IST) ....
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Sanghvi Brands' Board met on March 10, 2026 (4:00 PM to 4:21 PM) and noted the resignation of Non-Executive Director Mr. Carton Pereira (DIN: 00106962), effective February 5, 2026, citing personal commitments with no other material reasons. Following his exit, the Board reconstituted three committees — Audit, Nomination & Remuneration, and Stakeholders Relationship — by inducting Mr. Narendra Sanghvi (Non-Executive Director) as a member. Independent Director Mr. Sunil Mohan Lulla was elevated as Chairman of all three committees. The Board also deferred the appointment of Mr. Rohit Prakash Bafana as Additional Independent Director because required documents and declarations had not been received.
This is a routine governance reshuffle with no operational or financial impact disclosed. Shareholders should note a leadership change at the Board level, but the company has quickly filled committee vacancies and maintained compliance with required committee composition. The deferred appointment of the new independent director is a procedural matter pending documentation, and investors may want clarity on timelines.