Managing Director and Company Secretary resign; Board withdraws three earlier disclosures

Board meeting outcome on 1 October 2026: two senior officers step down and three earlier disclosures are withdrawn.

Thu 1 Oct 2026

Board meeting date

1 October 2026

Managing Director resignation

Mr. Arunkumar Dashrathbhai Prajapati, effective 26 September 2026

Company Secretary resignation

Ms. Shruti Sharma, with immediate effect from 26 September 2026

Earlier disclosures withdrawn

Three — the AGM Scrutinizer and two Additional Director (Non-Executive Independent Director) appointments

Intimation signed by

Chaitali Maheshbhai Doshi, Director (DIN 11930754)

The company informed the stock exchange that its Board of Directors met on 1 October 2026 and dealt with two resignations and a withdrawal of three earlier disclosures.

Resignations taken on record

• Mr. Arunkumar Dashrathbhai Prajapati (DIN 08281232) resigned from the office of Managing Director. The Board took the resignation on record with effect from 26 September 2026.
• Ms. Shruti Sharma (Membership No. A52723) resigned from the position of Company Secretary. The Board accepted it with immediate effect from 26 September 2026.
• Both resignation letters are dated 26 September 2026, and the Board placed on record its appreciation for the services and contribution of both officers.

Earlier disclosures withdrawn

The Board decided that three matters disclosed earlier shall be treated as withdrawn or cancelled and shall not be considered, acted upon or relied upon by the company:

• the appointment of Mrs. Rupal Patel, Practicing Company Secretary, as Scrutinizer for remote e-voting as well as voting at the AGM;
• the appointment of Mrs. Tapasya Sheth (DIN 10467746) as Additional Director (Non-Executive Independent Director) with effect from 06 June 2026;
• the appointment of Mrs. Minaben Shah as Additional Director (Non-Executive Independent Director) with effect from 06 June 2026.

Why these are roles that matter

• A Managing Director is the executive head of the company. A Company Secretary is a Key Managerial Personnel responsible for compliance and board processes. Both positions changing at the same time means a transition in leadership as well as in the compliance function.
• The effective dates are 26 September 2026 for both exits, while the Board formally dealt with them at its meeting on 1 October 2026.
• Withdrawing previously disclosed appointments means the board-level and AGM-related positions the company had earlier informed the exchange about will not go ahead as disclosed. Investors can follow subsequent updates to see who takes over these roles.
• The intimation was signed by Chaitali Maheshbhai Doshi, Director (DIN 11930754).

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