change in directors.
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Shanti Guru Industries Ltd announced multiple changes from its August 25, 2025 board meeting. Mr. Mahipal Sanghavi resigned as CFO for personal reasons, and Mr. Shripal Sanghavi (a promoter and related to promoter directors) was appointed as the new CFO. Ms Sarika SSangavi, identified as a promoter, was appointed as Additional Non-Executive Director, while Mr. Santosh Choudannanavar joined as an Independent Director for 5 years. Independent Director Mr. Jayaraman Madhu Suthan also resigned before his term ended. The 15th AGM is scheduled for September 26, 2025 via video conferencing, with book closure from September 20–26 and e-voting via CDSL. The company also disclosed plans to set up a food products (soya chunks and vermicelli) manufacturing unit in Krishnagiri and sell its 150-cent freehold land at Madhavaram to meet working capital needs.
Replacing the CFO with a promoter family member, combined with the resignation of an independent director and plans to sell land for working capital, may raise governance and liquidity concerns among shareholders. The promoter-driven leadership changes and shift toward a food manufacturing business could signal a strategic pivot, but the land sale points to short-term cash needs.