ACAcevector544962Company secretary change

New Company Secretary appointed; Akhil Kumar Gupta re-designated Additional Non-Executive Director

Mr. Madhvendra Shukla appointed Company Secretary & Compliance Officer (KMP) from Oct 26, 2026; Mr. Prabhas Singh resigned citing personal reasons.

By ScoutQuest · Mon 26 Oct 2026, 8:07 PM IST · 2 min read

Appointment Effective Date

October 26, 2026

Incoming Company Secretary Experience

14 years

Director Experience

over 38 years

Company Secretary steps down

• Mr. Prabhas Singh (Membership No. ACS 45753) resigned as Company Secretary and Compliance Officer and as a Key Managerial Personnel of the company.
• His resignation letter is dated October 23, 2026, and the resignation was to take effect from October 26, 2026.
• The stated reason is personal reasons and commitments; the letter confirms there are no other material reasons for the resignation.
• The Board took note of the resignation at its meeting held on Monday, October 26, 2026.

Successor appointed the same day

• Mr. Madhvendra Shukla (Membership No. F-12097) was appointed Company Secretary (Key Managerial Personnel) and Compliance Officer with effect from October 26, 2026.
• The appointment is on a whole time basis.
• He is a qualified Company Secretary and a Fellow Member of the Institute of Company Secretaries of India, and a law graduate, with 14 years of work experience across corporate governance, regulatory compliance and legal matters.
• His previous associations listed include Reliance Brands Limited, HyFun Foods, Nysaa Retail Private Limited (1-India Family Mart), Hero Future Energies Private Limited and V2 Retail Limited.
• He is not related to any other Director on the Board.

Director designation change

• Mr. Akhil Kumar Gupta (DIN: 00028728) moves from the position of Nominee Director to Additional, Non-Executive Director of the company with effect from October 26, 2026.
• This is subject to the approval of shareholders at the ensuing Annual General Meeting, and the Board has recommended his appointment as a Non-Executive Director to the shareholders.
• The update describes him as a Non-Executive Director and a nominee for B2 Professional Services LLP on the Board. He is a fellow member of the Institute of Chartered Accountants of India and has over 38 years of experience.
• Boards listed in his profile include Bharti Life Insurance Company Limited, 360 One Wam Limited, Avanti Investfin Private Limited, Gemini Estates Private Limited, Inversion Advisory Services Private Limited, Inversion Management Services Private Limited, Inversion Business Solutions Private Limited and Lodha Developers Limited. He is not related to any other Director.

What this means for a retail shareholder

• The Company Secretary is a Key Managerial Personnel position that anchors the secretarial and compliance function. Here the outgoing officer's exit and the new appointment take effect on the same date, so the role is filled continuously by a named successor.
• The director change is a shift in category, from nominee director to additional non-executive director, and shareholders get to vote on his appointment at the next Annual General Meeting.
• These are board and management personnel matters; the disclosure carries no revenue, profit, order or capital expenditure figures.

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