Announced Fri, 15 May · 15:40 IST

Appointment of Mr. Pankaj Kumar Maskara (DIN 00054261) and Mr. Kalpesh Virji Dedhiya (DIN 10087626) as Additional Directors(non executive non independent) of the Company

Management Changes View source PDF

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AI summary

Yunik Managing Advisors Limited held a Board Meeting on May 15, 2026 where multiple key decisions were taken. The Board approved appointment of two Additional Directors - Mr. Pankaj Kumar Maskara (with 30 years experience across manufacturing, IT services, and film production) and Mr. Kalpesh Virji Dedhiya (B.Com graduate with 20 years experience in taxation and compliance). Both appointments are Non-Executive Non-Independent Directors, effective May 15, 2026, subject to shareholder approval. Additionally, Ms. Prachi Prabhakar Vichare was appointed as Company Secretary and Compliance Officer (KMP). The company also approved audited financial results for FY 2026 showing net loss of Rs. 25.41 Lakhs (vs Rs. 0.52 Lakhs loss in FY 2025) with total income of Rs. 385 Lakhs. The auditors issued an unmodified opinion on the financial statements.

Likely market impact

The appointment of two non-independent directors expands the board but requires shareholder approval, suggesting potential governance changes. The significant increase in net loss (from Rs. 0.52L to Rs. 25.41L) may concern investors, though the company maintained an unmodified audit opinion.