Please find enclosed Outcome of Board Meeting held on 19th August 2025.
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Sanmitra Commercial Limited's board, at its meeting on 19th August 2025, accepted the resignation of Ms. Suman Prakash Shah from the position of Chief Executive Officer, effective the close of business on the same day. She will continue on the board as a Non-Executive, Non-Independent Director (she is the spouse of existing Director Mr. Prakash Bhoorchand Shah). The board also appointed Mr. Jenil Hitesh Chheda as Executive Director for a 3-year term and Mr. Deepak Pandit as Non-Executive, Independent Director, both effective 19th August 2025 and subject to shareholder approval. The new Executive Director brings over 9 years of experience in sales and operations across real estate, SaaS, finance, and edtech. The Independent Director is a commerce graduate and semi-qualified Company Secretary with expertise in corporate law and compliance.
The CEO step-down is a management transition with no stated material reasons, and continuity is maintained as the outgoing CEO stays on the board. Shareholders should watch for the upcoming general meeting to approve the two new director appointments, which will shape the company's leadership going forward.