Univa Foods Limited has informed the Exchange about change in Management
Awaiting price reaction for this filing.
Univa Foods Limited announced board changes effective April 2026. Two independent directors resigned: Mr. Sachin Shivaji Wagh and Mrs. Kinjal Gandhi, both citing personal reasons with no other material concerns. Simultaneously, the company appointed Mr. Jignesh Keshav Barot (a law graduate with corporate law expertise) and Ms. Rinku Saini (a consultant and advisor to top-tier companies) as Additional Non-Executive Independent Directors for 5-year terms. The appointments are subject to shareholder approval. Both resignations were effective 1st April 2026, and appointments began 2nd April 2026.
The simultaneous resignation of two independent directors could raise minor concerns among investors about board stability, though the replacements bring fresh expertise in legal and consulting domains. The clean confirmation letters stating no material reasons for resignation may provide some comfort.