Reconstituion of Audit and Stakeholders Relationship committee with reference to board meeting held on 2nd June, 2026.
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The board of Sera Investments & Finance India Ltd, at its meeting on June 2, 2026, approved the reconstitution of the Audit Committee and Stakeholders Relationship Committee. This change follows the appointment of Ms. Shweta Samir Shah (DIN: 03082967) as Managing Director and the resignation of Mr. Sagar Samir Shah (DIN: 03082957) from the post of Executive Director (Whole-Time Director). Both committees have an identical new composition: Pankaj Sharma (Non-Executive Independent Director) as Chairperson, Saurabh Shah (Non-Executive Independent Director) as Member, and Shweta Samir Shah (Managing Director) as Member. The reconstitution took effect from June 2, 2026.
This is a routine compliance-driven committee reshuffle triggered by a change in executive leadership. Shareholders should note the transition at the top — an outgoing Whole-Time Director being replaced by what appears to be a family member as Managing Director, which may raise governance questions about board independence.