Sigma Solve Limited has informed the Exchange regarding Board meeting held on Jun 30, 2025.
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Sigma Solve's board held a meeting on June 30, 2025, where two long-serving independent directors — Raxitkumar Patel (since July 2019) and Jayesh Shah (since September 2019) — resigned citing pre-occupation with other work. To fill the gap and strengthen the board, six new directors were appointed on the same day: Prerak Parikh and Pujan Zaverchand as Additional Directors, and Siddhrajsinh Gohil, Bharat Shah, Aditya Patel, and Sharmil Gandhi as Additional Independent Directors. Notably, both Prerak and Pujan are children of promoter and Managing Director Prakash Ratilal Parikh, with Prerak already serving as CEO and co-founder of Sigma Solve Inc. The new independent directors bring diverse backgrounds — a Chartered Accountant, a Company Secretary, a business management professional, and a doctor.
The appointment of two promoter family members to the board may raise governance concerns for minority shareholders, even as the company expands its independent director count. Investors should watch how the reshaped board balances promoter influence with independent oversight going forward.