Board notes independent director resignation, appoints new additional director, reconstitutes committees
IndiaNivesh Ltd board met on 16 October 2026 (12.30 noon to 01:30 p.m.).
By ScoutQuest · · 2 min read
- Resignation Effective Date
- 16 October 2026 closing of business hours
- New Director Appointment Term
- 5 (Five) Consecutive Years from 16 October 2026
- Board Meeting Date
- 16 October 2026 (12.30 noon to 01:30 p.m.)
Board meeting of IndiaNivesh Ltd on 16 October 2026
The Board of IndiaNivesh Ltd met on Friday, 16 October 2026 from 12.30 noon to 01:30 p.m. and approved three items: noting a director's resignation, appointing a new independent director, and reconstituting its committees.
Resignation of a Non-Executive Independent Director
- Mr. Jagdish Prasad Ridhkaran Pareek (DIN: 00048635) resigned as Non-Executive Independent Director, with effect from 16 October 2026 closing of business hours.
- The reason stated: his pre-occupation and personal commitments. He confirmed there is no material reason for his resignation other than the personal reasons stated above.
- On ceasing to be a director, he also ceases to be Chairperson or Member, as applicable, of the committees of the Board.
Appointment of a new independent director
- The Board appointed Mr. Sanjay Ramdhari Yadav (DIN: 10776168) as Additional Non-Executive Independent Director, for a period of 5 (Five) Consecutive Years.
- Date of appointment: October 16, 2026.
- He is described as a graduate in Computer Science with vast experience in Information Technology, and the disclosure notes no relationship with other directors.
Committees reconstituted with effect from October 16, 2026
Audit Committee
- Mr. Sanjay Ramdhari Yadav - Chairman, Non-Executive Independent Director
- Mr. Rajesh Nuwal - Member, Managing Director
- Ms. Jeny Gowadia - Member, Non-Executive Independent Director
Nomination and Remuneration Committee
- Mr. Sanjay Ramdhari Yadav - Chairman, Non-Executive Independent Director
- Mr. Dinesh Nuwal - Member, Director
- Ms. Jeny Gowadia - Member, Non-Executive Independent Director
Stakeholders Relationship Committee
- Mr. Dinesh Nuwal - Chairman, Director
- Mr. Rajesh Nuwal - Member, Managing Director
- Mr. Sanjay Ramdhari Yadav - Member, Independent Director
Reading the change
- The incoming independent director, Mr. Sanjay Ramdhari Yadav, chairs the Audit Committee and the Nomination and Remuneration Committee.
- The Stakeholders Relationship Committee is chaired by Mr. Dinesh Nuwal, a Director.
- His term as an additional independent director is stated as 5 (Five) Consecutive Years from 16 October 2026.
Also from IndiaNivesh
Board notes independent director's resignation, appoints new additional independent director for 5 years
16 Oct 2026
AGM approves MD re-appointment for 3 years and sale of 100% stake in commodities subsidiary
30 Sep 2026
More numbers
- Term of appointment as Additional Non-Executive Independent Director5 (Five) Consecutive Years
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.