Abhishek Ileshkumar Shah appointed Non-Executive Independent Director; three board committees reconstituted

Abhishek Ileshkumar Shah appointed Additional Director (Non-Executive Independent Director) from 10th October, 2026 for five years, subject to shareholder approval.

Sat 10 Oct 2026

Appointment Effective Date

10th October, 2026

Appointment Term

five (5) years, subject to the approval of the shareholders

Committees Reconstituted

Audit Committee, Stakeholders Relationship Committee and Nomination and Remuneration Committee with effect from 10th October, 2026

Bizotic Commercial Ltd informed the stock exchanges about a change in management through the appointment of an independent director and a reconstitution of its board committees.

What the company informed

The Board of Directors, in a meeting held on Saturday 10th October, 2026, has appointed Mr. Abhishek Ileshkumar Shah (DIN: 10048431) as an Additional Director designated as Non-Executive Independent Director, based on the recommendation of the Nomination and Remuneration Committee. The appointment is effective 10th October, 2026 for a term of five (5) years, subject to the approval of the shareholders of the Company as per the regulatory requirements. In the annexure to the letter, the term of appointment is stated to commence from 10th October, 2026 until the date of resignation or retirement, whichever is earlier.

About the new director

• He holds a Bachelor of Commerce (B.Com.), Master of Commerce (M.Com.) and Master of Business Administration (MBA) degree and has successfully completed the Intermediate level of the Chartered Accountancy course.
• The letter states he is not debarred from accessing the capital markets and is not restrained from holding the office of director by virtue of any order of SEBI or any other such authority.
• Disclosure of relationships between directors is marked "Not Applicable".
• The annexure names a listed entity in which he holds a directorship.

Committees reconstituted with effect from 10th October, 2026

• Audit Committee: Mr. Abhishek Ileshkumar Shah (Chairman), Avani Ashwinkumar Shah (Member) and Sanjaykumar Mahavirprasad Gupta (Member).
• Stakeholders Relationship Committee: Mr. Abhishek Ileshkumar Shah (Chairman), Avani Ashwinkumar Shah (Member) and Sanjaykumar Mahavirprasad Gupta (Member).
• Nomination and Remuneration Committee: Mr. Abhishek Ileshkumar Shah (Chairman), Avani Ashwinkumar Shah (Member) and Juhi Sawajani (Member).

In each of these committees, the Chairman is a Non-Executive and Independent Director, and the members include Non-Executive and Independent Directors and, in two of the committees, the Managing Director.

Meeting details

The Board meeting commenced at 7:00 P.M. and concluded at 08:30 P.M. (IST).

How this can be seen

This is a board-level change: a new independent director has joined and now chairs the Audit Committee, the Stakeholders Relationship Committee and the Nomination and Remuneration Committee. Because the appointment is subject to shareholder approval, it is a step that would ordinarily go to the members for confirmation. The committees that oversee financial reporting and audit, investor grievances and director appointments and remuneration have all been reconstituted from the same date.

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