Sigma Solve Limited has informed the Exchange regarding 'Revised disclosure '.
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Sigma Solve has filed a revised disclosure (originally filed on June 30, 2025) after NSE asked the company to confirm that newly appointed directors are not debarred from holding office under any SEBI order. On June 30, 2025, two non-executive independent directors, Mr. Raxitkumar Sureshbhai Patel and Mr. Jayesh Ramanlal Shah, stepped down citing preoccupation. In their place, six new directors were inducted on the same day: Mr. Prerak Prakash Parikh (son of promoter Prakash Parikh) and Mrs. Pujan Zaverchand (daughter of the promoter) joined as Additional Directors, while Mr. Siddhrajbhai Gohil, Mr. Bharatbhai Shah, Mr. Aditya Patel, and Dr. Sharmil Gandhi were appointed as Additional Independent Directors. The company has now confirmed that none of the newly appointed directors are debarred from holding directorship.
The board has seen a major overhaul with the exit of two long-serving independent directors and the entry of two promoter family members alongside four new independent directors, which could raise governance concerns for minority shareholders but brings operational leadership closer to the promoter family. Shareholders should watch for any reduction in independent oversight and any related-party implications from the family appointments.