Board appoints additional non-executive director; two independent directors resign, three committees reconstituted
Board meeting held on 10th August, 2026, from 04:00 P.M. to 05:00 P.M.
By ScoutQuest · · 2 min read
- Board meeting date/time
- 10th August, 2026, from 04:00 P.M. to 05:00 P.M.
- Director appointed
- Mr. Nirav Madhusudan Soni appointed as Additional Non-Executive and Non-Independent Director w.e.f. 10th August, 2026
- Directors resigned
- Mr. Jitendra Pradipbhai Parmar and Mr. Manish Shrichand Bachani, both w.e.f. 10th August, 2026, citing personal reasons
What the board decided
The board of directors met on 10th August, 2026 at the registered office in Ahmedabad, from 04:00 P.M. to 05:00 P.M. The meeting considered and approved one appointment, took note of two resignations, and reconstituted three board committees, all with effect from 10th August, 2026.
Who joined the board
- Mr. Nirav Madhusudan Soni (DIN: 08317653) was appointed as an Additional Non-Executive and Non-Independent Director with effect from 10th August, 2026.
- The update describes him as having over four years of experience in Marketing Management, Project Management and Administrative Operations.
- The company states he is not related to any of the directors of the company.
Who stepped down
- Mr. Jitendra Pradipbhai Parmar (DIN: 09699769), Non-Executive and Independent Director, resigned with effect from 10th August, 2026, citing personal reasons.
- Mr. Manish Shrichand Bachani (DIN: 08013906), Non-Executive and Independent Director, resigned with effect from 10th August, 2026, citing personal reasons.
- In both cases the company states it has received confirmation that there are no other material reasons for the resignation other than those stated in the resignation letters.
- Both resignation letters are part of the disclosure and say the directors were unable to devote time to the affairs of the company due to personal reasons.
Committees after the reconstitution
- Audit Committee: Mr. Nirav Madhusudan Soni as Chairperson; Mr. Keyur Shah, Managing Director, as Member; Mrs. Dipna Keyur Shah, Non-Executive and Non-Independent Director, as Member.
- Nomination and Remuneration Committee: Mr. Nirav Madhusudan Soni as Chairperson, with Mr. Keyur Shah and Mrs. Dipna Keyur Shah as Members.
- Stakeholders Relationship Committee: Mr. Nirav Madhusudan Soni as Chairperson, with Mr. Keyur Shah and Mrs. Dipna Keyur Shah as Members.
The disclosure also sets out the other listed-company positions held by the two outgoing independent directors, including directorships and committee memberships at other listed companies.
How to read this
- The board now has one more director in the Non-Executive and Non-Independent category and two fewer Independent Directors, all effective the same day.
- The chairpersonship of all three committees moved to Mr. Nirav Madhusudan Soni, a Non-Executive and Non-Independent Director, according to the composition listed in the update.
- The stated reason for both exits is personal, and the company has recorded confirmations that there are no other material reasons.
- The appointment is as an Additional Director, which means it fills the board vacancy until the position is regularised in the manner the company proposes.
What investors can watch next
- Any further update on the regularisation of the new director's appointment at a general meeting.
- Any subsequent change in board or committee composition, since the independence mix of the board has changed on the same date.
Also from Dipna Pharmachem
Two independent directors resign; Nirav Soni joins board and chairs three committees
24 Oct 2026
Company Secretary and Compliance Officer appointed w.e.f. 5th August, 2026
23 Oct 2026
Company Secretary and Compliance Officer appointed with effect from 5th August, 2026
23 Oct 2026
More numbers
- Experience of newly appointed director Mr. Nirav Madhusudan Soniover four years
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