Aayush Art and Bullion Limited has appointed Mehal Bipinchandra Raval as its new Managing Director, effective July 23, 2026. The decision was taken during a board meeting held at the company's registered office in Ahmedabad. This leadership change follows the resignation of the previous Managing Director, Maulik Rajendrabhai Shah, who stepped down from his position on the same date citing personal reasons.

The board meeting commenced at 04:00 P.M. and concluded at 04:30 P.M. on July 23, 2026. The appointments and resignations were approved pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has disclosed that there are no other material reasons for the resignation of the former Managing Director.

Mehal Bipinchandra Raval brings over 14 years of experience to the role, with a background in sales, marketing, business development, and client relationship management within the financial services sector. His expertise includes business growth, operations, compliance, and strategic management, having held key positions at reputed securities firms.

The transition in leadership was formalized through necessary filings. The outgoing Managing Director, Maulik Rajendrabhai Shah, requested the board to accept his resignation with immediate effect and confirmed that no other material reasons existed for his departure. The company is required to file the necessary forms with the Registrar of Companies and intimate the Stock Exchange to give effect to these changes.

Key Appointments and Resignations

Eklingji Broking LLP increased its shareholding in Aayush Art and Bullion Limited through an on-market purchase of 6,250 shares on July 17, 2026. The transaction, valued at ₹72,88,084, was disclosed to the stock exchange under the SEBI (Prohibition of Insider Trading) Regulations, 2015. Following the acquisition, the entity's total holding in the company rose to 55,875 shares, equivalent to a 0.36% stake.

The disclosure was submitted by Maulik Rajendrabhai Shah, Managing Director of Aayush Art and Bullion Limited, on July 20, 2026. The intimation was received from Jigar Pankajbhai Dave, the authorized representative of Eklingji Broking LLP. The trade was executed on BSE Limited, and the company has requested the exchange to place the information on record.

Details of Transaction

The following table outlines the specifics of the share acquisition:

The company confirmed that no trading activity was reported in derivatives for the period covered by this disclosure. The filing was made in compliance with Regulation 7(2) read with Regulation 6(2) of the SEBI regulations.