NLNeptune Logitek544663Routine director change

Additional Independent Director Appointed; Audit, Nomination & Stakeholder Committees Reconstituted

Board approves appointment of Mr. Sharvil Bharat Kumar Suthar as an Additional Director (Non-Executive Independent) for 5 consecutive years from October 23, 2026, subject to shareholder approval.

By ScoutQuest · Fri 23 Oct 2026, 4:39 PM IST · 2 min read

Appointment

Additional Director (Non-Executive Independent), DIN: 08785030

Term

5 (five) consecutive years from October 23, 2026, subject to shareholders' approval

Committee Changes Effective

October 23, 2026

What the company told the exchange

The Board of Neptune Logitek Limited met on 23rd October, 2026 and approved two things — the appointment of an Additional Director in the Non-Executive Independent category, and a reconstitution of three Board committees. Both changes take effect from October 23, 2026.

Who is the new director

• Mr. Sharvil Bharat Kumar Suthar (DIN: 08785030) joins as an Additional Director (Non-Executive Independent).
• Term: 5 (five) consecutive years commencing October 23, 2026.
• The appointment is subject to approval of shareholders.
• He is a Fellow Member of the Institute of Company Secretaries of India (ICSI) with over 12 years of professional experience in corporate laws, secretarial practices and regulatory compliances.
• He holds a degree in Law and Commerce and is a Certified Independent Director, and has qualified the Online Proficiency Self-Assessment Test for Independent Directors.
• He is not related to any of the Directors, Key Managerial Personnel or Promoters of the Company.
• He is not debarred from holding the office of Director by any SEBI order or any other such authority.

How the committees look now

Audit Committee

• Sharvil Bharat Kumar Suthar — Chairman
• Kunj Bihari Dave — Member (Independent Director)
• Reema Ankit Shah — Member (Director)

Nomination and Remuneration Committee

• Sharvil Bharat Kumar Suthar — Chairman
• Kunj Bihari Dave — Member (Independent Director)
• Pradip Jayantilal Shah — Member (Non-Executive Director)

Stakeholders Relationship Committee

• Pradip Jayantilal Shah — Chairman (Non-Executive Director)
• Sharvil Bharat Kumar Suthar — Member
• Ankit Devidas Shah — Member (Managing Director)

What this means for a retail investor

• An independent director chairing both the Audit Committee and the Nomination and Remuneration Committee is the usual governance structure for listed companies; these two committees carry the oversight roles on financial reporting and on director appointments and pay.
• The changes are stated to follow from the board change, so the committee rejig is a housekeeping step that accompanies the new appointment rather than a separate event.
• The appointment is an additional-director one, which means shareholders still have to approve the appointment for the full term. Until then, he holds office in the additional-director capacity.
• The update is an intimation of board decisions and does not by itself change the company's operations or financials.

Key things to track

• The shareholder approval that the appointment is subject to.
• Any further committee changes if the board composition changes again.

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.

About ScoutQuest · Logos provided by Logo.dev