Disclosure under Regulation 30 of SEBI (LODR) Regulation 2015 for change in Management by way of Appointment of Mr Lalit Nagdev (DIN: 11709670)and Mr Amit Ninawe (DIN:11707767) as Additional ....
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Simandhar Impex Ltd has appointed two new Additional Executive Directors effective June 6, 2026, subject to shareholder approval. Mr. Lalit Naresh Nagdev, a Chartered Accountant with over 9 years of experience in finance, banking, audit and regulatory compliance (formerly with Axis Bank's SME Credit team), has been appointed and is expected to serve as the company's Chief Executive Officer. Mr. Amit Suresh Ninawe, also a Chartered Accountant with 13+ years of experience in finance, taxation, audit and compliance (formerly Senior Credit Manager at ICICI Bank), joins as the second Additional Executive Director. The reason for change is officially classified as 'Change of Management.' Both appointees are independent of existing promoters, directors, and KMPs, and neither is debarred by SEBI or any other authority.
The dual appointment signals a major management overhaul at Simandhar Impex, bringing in seasoned finance professionals (both ex-banking, CAs) at the executive level. For shareholders, this could mean stronger financial governance and compliance, but also introduces execution risk given the company's relatively recent incorporation (2023). Stock may react to the leadership refresh; the 'Change of Management' tag warrants close monitoring of subsequent strategic updates.