Change in Directorate - Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
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Speedage Commercials Ltd has appointed Mr. Nilesh Sheth (DIN: 09356319) as an Additional Director and Independent Director of the company. The appointment was approved by the Board on August 29, 2025, on the recommendation of the Nomination & Remuneration Committee. His first term will run for five years, from August 29, 2025 to August 28, 2030, subject to shareholder approval at the next Annual General Meeting. Mr. Sheth brings experience in the metal raw material trading and supply sector, covering business operations, procurement, and strategic sourcing. He is not related to any existing director and is not debarred from holding directorship by SEBI or any other authority.
This is a routine independent director addition that strengthens the board. It is unlikely to have a material impact on the share price, though it may modestly improve board composition and governance oversight.