NLNeptune Logitek544663Routine director change

Board approves Non-Executive Independent Additional Director; Audit and NRC reconstituted

Board of Neptune Logitek met on 23rd October, 2026.

By ScoutQuest · Fri 23 Oct 2026, 4:27 PM IST · 2 min read

Director Appointment Term

5 consecutive years from October 23, 2026

Director Category

Additional Director (Non-Executive Independent)

Committee Reconstitution Effective Date

with effect from October 23, 2026

What the Board approved

The Board of Directors, at its meeting held on 23rd October, 2026, approved the appointment of Mr. Sharvil Bharat Kumar Suthar (DIN: 08785030) as an Additional Director in the category of Non-Executive Independent Director.

• Term: 5 (five) consecutive years, commencing from October 23, 2026
• The appointment is subject to approval of the shareholders of the Company
• The Board meeting commenced at 03:30 P.M. and concluded at 04:10 P.M.

Who is the new director

Mr. Suthar 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 compliance. He holds a degree in Law and Commerce and is also a Certified Independent Director.

His stated areas of expertise include Company Law matters, drafting, pleading and representation before the National Company Law Tribunal (NCLT), listing compliances, conducting Board and Committee meetings of listed entities, and advising on corporate governance practices.

• Career: Assistant General Manager – Secretarial & Legal at Asian Granito India Limited (AGL Tiles) from November 2014; Group Company Secretary & Insurance Manager at Aarvee Denims and Exports Limited from September 2016 to March 2018
• In April 2018 he co-founded Suthar & Surti, Company Secretaries
• He has qualified the Online Proficiency Self-Assessment Test for Independent Directors, with lifetime validity

Relationship and eligibility disclosures

• Mr. Suthar 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

Committee reconstitution, effective October 23, 2026

Audit Committee

• Sharvil Bharat Kumar Suthar – Chairman (Additional Director, Non-Executive Independent)
• Kunj Bihari Dave – Member (Independent Director)
• Reema Ankit Shah – Member (Director)

Nomination and Remuneration Committee

• Sharvil Bharat Kumar Suthar – Chairman (Additional Director, Non-Executive Independent)
• 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 (Additional Director, Non-Executive Independent)
• Ankit Devidas Shah – Member (Managing Director)

What this means for investors

The change adds an independent director with a legal and secretarial background to the Board, and places him as Chairman of both the Audit Committee and the Nomination and Remuneration Committee. Committee composition is therefore recast along with the Board change. The appointment takes effect from October 23, 2026, but the shareholder approval condition means the appointment is subject to a later shareholder vote.

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