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Vaxfab Enterprises announced multiple board and management appointments effective April 1, 2025. The company appointed Mr. Nikhil Kumar Gupta as Additional Non-Executive Non-Independent Director and Mr. Ravindra Ashokbhai Joshi as Additional Executive Director, who will be designated as Managing Director pending shareholder approval. Two new Independent Directors were also appointed for a 5-year term: Ms. Juhi Sawajani and Ms. Jinang Dineshkumar Shah. Additionally, Mr. Aakash Chaturvedi was appointed as the new Company Secretary and Compliance Officer. The company confirmed none of the appointees are related to existing directors and none are debarred by SEBI from holding office. Existing Managing Director Rohit Naval continues in his role.
The restructuring expands the board with two new independent directors, which could strengthen corporate governance and compliance oversight. Shareholders will need to approve the MD designation for Mr. Joshi at the next general meeting, a routine but noteworthy governance event for this small-cap Surat-based company.