AKG Exim appoints two additional directors

1 min read     Updated on 22 May 2026, 08:12 AM
scanx
Reviewed by
Naman SScanX News Team
AI Summary

AKG Exim Limited has appointed Mr. Kalapi Vinit Nagada and Mr. Dayashankar Patel as Additional Directors to its Board, effective May 14, 2026. The appointments, approved by the Board on May 20, 2026, are subject to shareholder approval. Mr. Nagada joins as a Non-Executive Non-Independent Director, while Mr. Patel joins as an Independent Director.

powered bylight_fuzz_icon
40963321

*this image is generated using AI for illustrative purposes only.

AKG Exim Limited has announced the appointment of two Additional Directors to its Board, effective May 14, 2026. The decision was approved by the Board of Directors through a circular resolution on May 20, 2026, based on recommendations made by the Nomination and Remuneration Committee on May 18, 2026. The appointments are subject to the approval of the shareholders.

Appointments and Roles

Mr. Kalapi Vinit Nagada has been appointed as an Additional Director in the capacity of Non-Executive Non-Independent Director. Mr. Dayashankar Patel has been appointed as an Additional Director in the capacity of Independent Director. Both appointments are effective from May 14, 2026. The company has confirmed that neither director is debarred from holding the office of Director by any SEBI order or other authority.

Director Profiles

Mr. Kalapi Vinit Nagada is an entrepreneur and business leader with over 15 years of experience in entertainment, digital media, content distribution, and real estate. He is the Founder and Chief Executive Officer of Cinekorn Entertainment, a film distribution and content syndication company. His profile indicates a strong background in building entertainment ecosystems and digital monetization strategies. He is also associated with Nest Suburban Developers Private Limited in the real estate sector.

Mr. Dayashankar Patel is a Chartered Accountant with three decades of expertise in financial management, taxation, auditing, and corporate advisory. He has previously served as CFO for Bajaj Health Care Ltd and Pramara Promotions Ltd, and held a senior management role at Polycab India Ltd. His experience spans manufacturing, services, and financial institutions, with a focus on strategic planning and corporate governance.

Regulatory Disclosures

The company has disclosed that there are no inter-relationships between the newly appointed directors and other board members. The detailed information regarding the appointments has been provided in Annexure A to the regulatory filing, complying with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Director Name Type Date of Appointment DIN
Mr. Kalapi Vinit Nagada Non-Executive Non-Independent May 14, 2026 02876927
Mr. Dayashankar Patel Independent May 14, 2026 05171043

Historical Stock Returns for AKG Exim

1 Day5 Days1 Month6 Months1 Year5 Years
-0.53%-0.98%-5.18%-7.38%-18.11%-10.06%

How might Mr. Kalapi Nagada's entertainment and digital media background influence AKG Exim's future business strategy or potential diversification into content distribution sectors?

Will the appointment of a seasoned CFO-level professional like Mr. Dayashankar Patel signal upcoming changes in AKG Exim's financial restructuring, fundraising, or compliance framework?

How could shareholder approval of these appointments at the upcoming general meeting impact investor confidence and the company's stock performance?

1 Year Returns:-18.11%