Board approves, recommends MD & Whole-time Director re-appointment for 5 years each
Zodiac Ventures' board approved and recommended re-appointment of Mr. Jimit Ramesh Shah as Managing Director and Mr. Ramesh Virji Shah as Whole-time Director for a further 5 years each.
By ScoutQuest · · 2 min read
- MD & WTD re-appointment term
- further 5 years each with effect from 02 November 2026 to 01 November 2031
- Independent Director appointment term
- 5 years with effect from 30.09.2026
- E-voting period for postal ballot
- October 18, 2026 to November 17, 2026; cut-off date October 09, 2026
What the board approved
The Board of Directors of Zodiac Ventures Ltd met on October 15, 2026 and approved and recommended for approval the following businesses:
- Re-appointment of Mr. Jimit Ramesh Shah (DIN: 01580796) as Managing Director of the Company 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 of the Company 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 of the Company for a period of 5 years with effect from 30.09.2026, subject to the approval of shareholders.
How shareholders will decide
- The Board approved the Postal Ballot Notice seeking shareholders' approval for the re-appointment of the Managing Director and the Whole-time Director, and the appointment of the Non-Executive Independent Director.
- E-voting will be made available through the NSDL E-Voting Platform for all members of the Company so they can cast their votes electronically.
- E-Voting start date: October 18, 2026. E-Voting end date: November 17, 2026. Cut-off date for e-voting: October 09, 2026.
- The Board approved the appointment of Mr. Divyesh N Vanpariya, proprietor of DNV & Associates, a Practicing Company Secretary, as Scrutinizer for the postal ballot process.
Who the people are
- Mr. Ramesh Virji Shah (Whole-time Director): 35 years of experience in real estate business.
- Mr. Jimit Ramesh Shah (Managing Director): designing and planning of architectural projects.
- Mr. Mangilal Tikuchand Jogani (Independent Director): 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.
- Mr. Ramesh Virji Shah is the father of Mr. Jimit Ramesh Shah. Mr. Mangilal Tikuchand Jogani is not related to any Director of the Company.
What it means
The re-appointments keep the existing Managing Director and Whole-time Director in their roles for a further 5 years from 02 November 2026, so continuity of the current leadership is the visible takeaway. The induction of an independent director is a recommendation that still needs shareholders' approval. Because the matter is being placed before members through a postal ballot with e-voting, the outcome is not final. Members have from October 18, 2026 to November 17, 2026 to vote, and the cut-off date for e-voting is October 09, 2026.
Also from Zodiac Ventures
Board approves re-appointment of MD and Whole-time Director; recommends Independent Director via postal ballot
15 Oct 2026
Mangilal Tikuchand Jogani appointed Additional Non-Executive Independent Director for 5 years
30 Sep 2026
More numbers
- Re-appointment term of MD and Whole-time Director (each)5 years
- Appointment period of Non-Executive Independent Director5 (five) years
- Experience of Mr. Ramesh Shah (Whole-time Director)35 years
- Experience of Mr. Mangilal Jogani (Independent Director)30+ years
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