Board Meeting Outcome: Additional Director Appointed, Non-Executive Director's Resignation Accepted

The board met on Monday, October 05, 2026 (4.00 p.m. to 05.00 p.m.) and approved two board-level changes.

Mon 5 Oct 2026

Board Meeting Date & Time

Monday, October 05, 2026 (4.00 p.m. to 05.00 p.m.)

Appointment Effective Date

October 05, 2026

Resignation Effective Date

October 05, 2026

Shareholding in the company

NIL for both

Appointee Category

Additional Director in the Non-Executive Non-Independent category

Board changes at the October 05, 2026 meeting

The board of directors met on Monday, October 05, 2026, from 4.00 p.m. to 05.00 p.m. Two board-level changes were approved, both with effect from the date of the meeting.

New Additional Director

• Mr. Shreyan Jigneshkumar Patel (DIN: 10493276) has been appointed an Additional Director in the category of Non-Executive Non-Independent Director.
• The appointment is effective from October 05, 2026, subject to shareholders' approval. His term of appointment is liable to retire by rotation.
• His shareholding in the company is NIL.
• Profile as stated: Honorary Doctorate in Entrepreneurship from WPUNU (San Francisco, USA), BCA in AI/ML Technology from Amity University (Noida) and a Machine Learning Certification from IIT Mumbai. He has 3+ years' experience in manufacturing Ayurvedic medicines, natural powders and natural cosmetics, developing commercial EV chargers and advanced water ionizers, and producing patented natural chemicals for the Indian market. His stated areas of expertise include Artificial Intelligence, Machine Learning, business management, business strategy, commercial operations, manufacturing and business operations.
• The company affirms that he is eligible, not disqualified and not debarred by any order passed by SEBI or any other statutory authority from being appointed a director.
• The update states there is no relationship between him and the other directors of the company.

Resignation

• Mr. Lalit Vitthal Waankhede (DIN: 00556938) has resigned as Non-Executive Director, and the board accepted the resignation, with effect from October 05, 2026.
• His resignation letter to the board cites pre-occupation as the reason. He has also stepped down from the membership of the board committees on which he served.
• His shareholding in the company is NIL.

What this means

• Both positions are non-executive, so this is a change in board composition rather than a change in who runs the company day to day.
• The new appointment is subject to shareholders' approval, so it would be placed before shareholders for approval.
• The shareholding of both directors in the company is stated as NIL, so the change does not reflect any movement in their equity stake in the company.
• The announcement sets out the identity, category, effective date and profile of the appointee and the effective date of the resignation, which is the kind of detail investors use to track who sits on the board.

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.