ACAcevector544962Company secretary change

Company Secretary change: Prabhas Singh resigns, Madhvendra Shukla appointed; Akhil Kumar Gupta gets new designation

Prabhas Singh resigned as Company Secretary & Compliance Officer with effect from October 26, 2026, citing personal reasons.

By ScoutQuest · Mon 26 Oct 2026, 8:10 PM IST · 2 min read

Effective Date

October 26, 2026

Incoming Company Secretary

Madhvendra Shukla (Membership Number F-12097), 14 years of experience

Director Re-designation

Akhil Kumar Gupta (DIN: 00028728) from Nominee Director to Additional, Non-Executive Director

Three board decisions in one update

The Board of Directors met on Monday, October 26, 2026, from 04:00 P.M. to 4:50 P.M., and approved three people-related changes, all effective from October 26, 2026.

Company Secretary and Compliance Officer

• Mr. Prabhas Singh (Membership No. ACS 45753) resigned as Company Secretary and Compliance Officer, a Key Managerial Person. His resignation letter is dated October 23, 2026 and the Board took note of it at this meeting. The stated reason is personal reasons and commitments.
• Mr. Madhvendra Shukla (Membership Number F-12097) was appointed Company Secretary (Key Managerial Personnel) and Compliance Officer with effect from October 26, 2026, on a whole time basis.
• Mr. Shukla is a qualified Company Secretary and a Fellow Member of the Institute of Company Secretaries of India. He holds a Bachelor of Commerce degree from Delhi University, a Bachelor of Laws (LL.B.) degree from Lloyd Law College, Greater Noida, and a Post Graduate Diploma in Drafting, Negotiation and Enforcement of Contracts from NALSAR, Hyderabad.
• He brings 14 years of work experience across corporate governance, regulatory compliance and legal matters, and has previously worked with Reliance Brands Limited, HyFun Foods, Nysaa Retail Private Limited (1-India Family Mart), Hero Future Energies Private Limited and V2 Retail Limited.
• Mr. Shukla is not related to any other Director on the Board. The update states that Mr. Prabhas Singh is not related to any other Director either.

Change in director designation

• Mr. Akhil Kumar Gupta (DIN: 00028728) has been re-designated from Nominee Director to Additional, Non-Executive Director of the Company with effect from October 26, 2026.
• The appointment is subject to the approval of shareholders at the ensuing Annual General Meeting, and the Board has also recommended his appointment as Non-Executive Director to the shareholders.
• He is a Non-Executive Director of the Company and a nominee for B2 Professional Services LLP on the board. He is a fellow member of the Institute of Chartered Accountants of India, has completed the Advanced Management Program at Harvard Business School, and has over 38 years of experience.
• He is not related to any other Director on the Board.

How to read this

• These are board-level and compliance-function changes rather than anything touching the company's operations or finances.
• The Company Secretary and Compliance Officer position was filled the same day the resignation took effect, so there is no gap at the compliance post.
• The change in Mr. Gupta's designation is from Nominee Director to Additional, Non-Executive Director, and the shareholder vote on his appointment is scheduled for the ensuing Annual General Meeting.

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