Appointment of Company Secretary and Compliance Officer.
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Awaiting price reaction for this filing.
Sita Enterprises Ltd held a board meeting on 1 September 2025 following a change of management under a Share Purchase Agreement dated 24 December 2024. Promoter shareholdings totaling 12,00,000 equity shares (from Ashok Kumar Tulsyan, Ashok Tulsyan HUF, SAAS Commerce LLP, and Bombay Mercantile & Leasing Company Ltd) were transferred to Mr. Jitendra Rasiklal Sanghvi. CFO Mr. Vasantkumar Shantilal Vora and Company Secretary Ms. Shweta Mehta resigned citing the change in management. The board appointed Mr. Harsh Jitendra Gandhi (Chartered Accountant) as Executive Director and CFO, Mr. Kirit Gordhandas Thakker (former senior banker with 23+ years experience) as Executive Director, Ms. Anushree Rakesh Singh as Non-Executive Independent Director, and Ms. Monika Jain as the new Company Secretary & Compliance Officer. Another board meeting has been scheduled for 4 September 2025 to consider further transfer of control and the next AGM.
This is a significant change-of-control event for the company, with a near-complete overhaul of the board and key managerial personnel. Shareholders should watch for further announcements on the transfer of control and any strategic shifts that the new management may bring, including the upcoming 4 September board meeting.