Announced Wed, 13 Aug · 18:04 IST

Please find enclosed intimation under regulation 30 of SEBI LODR

Promoter Family Board EntryManagement Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

On 13th August 2025, the Board of Shah Construction Company approved two key items. First, Mr. Mehul Jadavji Shah (DIN: 00933528) has been appointed as Managing Director for a five-year term from 13th August 2025 to 12th August 2030, without any remuneration and liable to retire by rotation. He has over 20 years of management business experience. Second, M/s. D. Kothari and Associates was re-appointed as Secretarial Auditor for FY 2025-26, and Ms. Dhanraj Kothari was also appointed as Scrutinizer for the 77th Annual General Meeting. The Board meeting ran from 3:30 p.m. to 4:25 p.m. on that day.

Likely market impact

The new MD is a family member — son of Mrs. Jaywanti Jadavji Shah and cousin of Mr. Sanjay Damji Shah — confirming continued promoter family control. Since the role is without remuneration, there is no additional cost to the company. The re-appointment of the secretarial auditor is routine and signals continued compliance focus ahead of the AGM.