Regularisation of Additional Director as Independent Director; Mr. Mahendra Jagmohan Sanghvi gets five-year term

Vaarad Ventures Ltd said members at its 32nd AGM on September 30, 2026 approved regularising Mr. Mahendra Jagmohan Sanghvi (DIN 00134648) as an Independent Director.

Thu 1 Oct 2026

Director DIN

00134648

Appointment

Regularised as Independent Director (earlier Additional Director, Non-Executive, Independent)

Term

five (5) consecutive years, for the maximum period up to September 30, 2031

Meeting

32nd Annual General Meeting held on September 30, 2026

Resolution

approved by way of ordinary Resolution

What the update says

Vaarad Ventures Ltd has informed BSE that Mr. Mahendra Jagmohan Sanghvi (DIN 00134648) has been appointed as an Independent Director of the Company. He was earlier appointed as an Additional Director in the Non-Executive, Independent category, and that appointment has now been regularised.

The approval came from the members of the Company at the 32nd Annual General Meeting held on Wednesday, September 30, 2026, by way of ordinary Resolution.

Term of appointment

• Mr. Sanghvi shall hold office as an Independent Director for a term of five (5) consecutive years.
• The maximum period is up to September 30, 2031.

Other details in the update

• The Company has received the requisite consent, declarations and disclosures from him.
• His declaration of independence has been taken on record, and he fulfils the criteria of independence under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI Listing Regulations.
• Based on the declarations and information made available to the Company, he is not debarred from holding the office of Director by virtue of any order of SEBI, the Ministry of Corporate Affairs or any other statutory authority.
• He is not related to any Director of the Company.
• Brief profile: he has experience in business administration, corporate management, finance, governance and strategic planning, and, as per the current director master data provided, he is also associated with Edesk Services Limited, AtcoMaaart Services Limited and C2M Technologies India Limited.
• The 32nd Annual General Meeting commenced at 09:30 A.M. (IST) and concluded at 10:00 A.M. (IST).

What regularisation means

When a board appoints an Additional Director, that person generally holds office only until the next Annual General Meeting of the shareholders. If the shareholders then approve the appointment, the director can continue for the full term. This update records that shareholder step for Mr. Sanghvi.

How to read this

This is a board-level change in management. It does not by itself alter the Company's finances, operations or shareholding, and the update states no commercial terms. Such updates are typically read as governance-related disclosures, with the main checkpoints being the term of office and the independence declarations placed on record.

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