Shareholders approve re-appointment of Independent Director for second five-year term

Shareholders at the 9th AGM held on 26th September, 2026 approved the re-appointment of Mr. Ganpatbhai Babubhai Nayi as Independent Director for a second term of 5 consecutive years, from 1st October, 2026 to 1st October, 2031.

Tue 29 Sep 2026

Director Re-appointment

Mr. Ganpatbhai Babubhai Nayi re-appointed as Independent Director for second term of 5 consecutive years from 1st October, 2026 to 1st…

AGM Date

9th AGM held on 26th September, 2026

Director Shareholding

Holds NIL shares in the company

Director Remuneration

Last drawn remuneration was NIL

Original Appointment Date

First appointed as director on 11-01-2021

What was approved

Members of the company, at the 9th Annual General Meeting held on 26th September, 2026, approved the re-appointment of Mr. Ganpatbhai Babubhai Nayi as an Independent Director for a second term of five consecutive years, from 1st October, 2026 to 1st October, 2031. The re-appointment was recommended by the Board.

Details shared

• First appointed as director on 11-01-2021
• Qualification: Matriculation; experience in the jewellery business
• Directorships in other listed companies: NIL
• Committee memberships/chairmanships in other listed companies: NIL
• Shares held in the company: NIL
• Last drawn remuneration: NIL
• Not debarred from holding the office of director by any SEBI or other authority order

What it means for investors

This is a continuity move in the board's independent oversight rather than a business or financial development. Independent directors are non-executive members expected to bring objective judgement to board decisions, including audit and related-party matters. Since the same person continues, the composition of the board remains unchanged in substance.

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