Board Approves New Independent Director; Independent Director and Company Secretary Resign
Board changes at the company on September 26, 2026.
By ScoutQuest · · 1 min read
- New Director Appointment
- Mr. Parmar Rajeshbhai appointed as Non-Executive Independent Director (Additional) w.e.f. September 26, 2026, for five consecutive years
- Director Resignation
- Mr. Malabhai Punjabhai Rabari resigned as Non-Executive Independent Director w.e.f. September 26, 2026
- Company Secretary Resignation
- Mr. Ish Sadana resigned as Company Secretary & Compliance Officer w.e.f. September 25, 2026
- Board Meeting Duration
- 3:00 P.M. to 3:30 P.M.
What was announced
The Board of Directors met on September 26, 2026 and approved three management changes.
New independent director
- Mr. Parmar Rajeshbhai appointed as Non-Executive Independent Director (Additional), effective September 26, 2026.
- Term: five consecutive years, subject to approval of the shareholders.
- Appointment based on the recommendation of the Nomination and Remuneration Committee.
- Profile: M.Com (Gujarat University, 2024) and B.Com (Gujarat University, 2022); currently with the Accounts Department of Maitri Corporation.
- The company states he is not debarred from holding office of director by any SEBI or other order, and there is no relationship with other directors.
Departures
- Mr. Malabhai Punjabhai Rabari resigned as Non-Executive Independent Director with effect from September 26, 2026, stating pre-occupation with other professional commitments. He confirmed there is no other material reason for the resignation, and holds no directorship in other listed entities.
- Mr. Ish Sadana resigned as Company Secretary & Compliance Officer with effect from September 25, 2026, also citing pre-occupation with other professional commitments, and confirmed no other material reason.
How to read this
An independent director seat is being filled on the same day another independent director steps down, so the count of independent directors is being kept up. The Company Secretary and Compliance Officer post is a key managerial role responsible for exchange updates and governance compliance; investors typically watch for the announcement of a successor.
Note that the new director's appointment is as an Additional Director and needs shareholders' approval to continue for the stated five-year term.
Meeting timing
The Board meeting started at 3:00 P.M. and concluded at 3:30 P.M.
Also from Panth Infinity
Board withdraws intended preferential issue fund raising; company to examine alternative funding sources
23 Oct 2026
Board meeting on 27 October 2026 to approve unaudited results for the period ended 30 September 2026
22 Oct 2026
Board Appoints New Independent Director; Independent Director and Company Secretary Resign
26 Sep 2026
More numbers
- Term of appointment of new independent directorfive consecutive years
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.