Appointment of Mrs. Shilpa Majethia (DIN: 11539939) as additional director (Non-executive Non Independent) and Mr. Manish Patel (DIN: 03051315) as Chairman of the Board
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Ventura Guaranty Ltd has appointed Mrs. Shilpa Majethia (DIN: 11539939) as an Additional Director in a Non-Executive, Non-Independent capacity, effective February 13, 2026. In a separate change, existing Independent Director Mr. Manish Patel (DIN: 03051315) has been designated as the Chairperson of the Board on the same date. Mrs. Majethia is a Commerce graduate with a background in software development and capital markets investing. Mr. Patel brings over 35 years of experience across advisory, infrastructure, and consulting roles, including senior positions at Reliance Industries, Jain Irrigation, and Rolta India. The appointments were recommended by the Nomination and Remuneration Committee.
The appointment of Mr. Patel as Chairman brings an experienced Independent Director to lead the board, which may strengthen governance. However, Mrs. Majethia being the spouse of Whole-time Director Mr. Hemant Majethia means a promoter family member is now on the board, which shareholders should note for related-party governance considerations.