Board approves re-appointment of MD and Whole-time Director; recommends Independent Director via postal ballot
Board meeting outcome, October 15, 2026.
By ScoutQuest · · 2 min read
- MD & Whole-time Director Re-appointment Term
- 5 years, from 02 November 2026 to 01 November 2031
- Independent Director Appointment
- Non-Executive Independent Director for 5 years w.e.f. 30.09.2026
- Postal Ballot E-voting Window
- 18 October 2026 to 17 November 2026, cut-off 09 October 2026
Board meeting outcome
The board of Zodiac Ventures Limited met on Thursday, October 15, 2026, from 12:10 p.m. to 12.30 p.m., and approved the following business. All three director-related items are being placed before shareholders for approval through a postal ballot.
What the board approved and recommended
- Re-appointment of Mr. Jimit Ramesh Shah (DIN: 01580796) as Managing Director for a further period of 5 years, with effect from 02 November 2026 to 01 November 2031.
- Re-appointment of Mr. Ramesh Virji Shah (DIN: 01580767) as Whole-time Director for a further period of 5 years, with effect from 02 November 2026 to 01 November 2031.
- Recommendation for appointment (regularisation) of Mr. Mangilal Tikuchand Jogani (DIN: 01401993) as a Non-Executive Independent Director with effect from 30.09.2026, for a period of 5 (five) years, subject to the approval of shareholders.
- Approval of the Postal Ballot Notice to seek shareholders' approval for the two re-appointments and the independent director appointment.
- Appointment of Mr. Divyesh N Vanpariya, proprietor of DNV & Associates, a Practicing Company Secretary, as the Scrutinizer for the postal ballot process.
- E-voting facility through the NSDL e-voting platform for all members.
Leadership continuity
Both Mr. Jimit Ramesh Shah and Mr. Ramesh Virji Shah are being re-appointed for a further 5 years each, from 02 November 2026 to 01 November 2031. The update discloses that Mr. Ramesh Virji Shah is the father of Mr. Jimit Ramesh Shah (Managing Director) and father-in-law of Ms. Sunita Jimit Shah (Director); Mr. Jimit Ramesh Shah is the son of Mr. Ramesh Virji Shah and husband of Ms. Sunita Jimit Shah.
Their stated profiles: Mr. Ramesh Virji Shah has 35 years of experience in the real estate business. Mr. Jimit Ramesh Shah's profile covers designing and planning of architectural projects.
Proposed independent director
Mr. Mangilal Tikuchand Jogani is described as a businessman with over 30+ years of experience in the real estate sector in and around Mumbai, who has spearheaded and completed several real estate projects as a developer, with knowledge of working with municipal authorities, architects, contractors and other stakeholders. The update states he is not related to any director of the company. His appointment is recommended with effect from 30.09.2026 as a Non-Executive Independent Director for 5 (five) years, subject to shareholders' approval.
How shareholders can vote
- The board approved the Postal Ballot Notice seeking approval for the two re-appointments and the independent director appointment.
- E-voting start date: 18 October 2026.
- E-voting end date: 17 November 2026.
- Cut-off date for e-voting: 09 October 2026.
- A Practicing Company Secretary has been appointed as Scrutinizer for the postal ballot process.
What this means for investors
These are board and management-level decisions. The re-appointments of the Managing Director and the Whole-time Director, and the appointment of the Non-Executive Independent Director, are taken by the board and are subject to approval by shareholders through the postal ballot process. Members holding shares as on the cut-off date can cast their votes electronically during the e-voting window.
Also from Zodiac Ventures
Board approves, recommends MD & Whole-time Director re-appointment for 5 years each
15 Oct 2026
Mangilal Tikuchand Jogani appointed Additional Non-Executive Independent Director for 5 years
30 Sep 2026
More numbers
- Term of re-appointment as Whole-time Director (Mr. Ramesh Virji Shah)5 years
- Term of re-appointment as Managing Director (Mr. Jimit Ramesh Shah)5 years
- Term of appointment as Non-Executive Independent Director (Mr. Mangilal Jogani)5 (five) years
- Experience of Mr. Ramesh Virji Shah35 years
- Experience of Mr. Mangilal Tikuchand Jogani30+ years
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