Executive Director Vimal P. Khandwala re-appointed by shareholders at 31st AGM
Shareholders at the 31st AGM held on September 29, 2026 approved the re-appointment of Mr. Vimal Parmanand Khandwala, Executive Director, as a director liable to retire by rotation.
- AGM Date
- September 29, 2026
- Director Re-appointed
- Mr. Vimal Parmanand Khandwala, Executive Director
- Tenure as Executive Director
- Since January 25, 2021
- Voting Results Announced
- September 30, 2026
- Retirement Type
- Director liable to retire by rotation
What happened
At the 31st annual general meeting held on September 29, 2026, shareholders approved the re-appointment of Mr. Vimal Parmanand Khandwala, executive director, as a director liable to retire by rotation under section 152 of the Companies Act, 2013.
Details shared
- Reason for change: re-appointment of a director retiring by rotation
- Date of re-appointment: September 29, 2026; term of re-appointment stated as not applicable
- He has been an executive director of the company since January 25, 2021
- Aged around 55 years, Indian national, commerce graduate
- Experience of over two decades in stock broking, securities trading and allied capital market services, plus fund management, hedging and import-export business
- Experience spans primary and secondary markets, institutional and non-institutional clients, HNIs, derivatives, arbitrage operations and financial management
- He is the brother of Mr. Rajesh Parmanand Khandwala
How to read it
Retirement by rotation is a routine requirement under company law where a portion of directors must periodically stand for shareholder re-approval. Here the same director continues in office, so there is continuity in the board and management rather than a change of personnel. The company also stated that the voting results of the meeting were announced on September 30, 2026.
Also from KIFS Financial Services
Shareholders declare final dividend of Rs. 1.55 per share for FY 2025-26 at 31st AGM
30 Sep 2026
More numbers
- Age of Mr. Vimal P. Khandwalaaround 55 years
- Experience in capital marketsover two decades
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