Ashtasidhhi Industries appoints new independent director and CS

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Reviewed by
Ashish TScanX News Team
Key Highlights
  • Kathan Ronak Joshi appointed as Non-Executive Independent Director for five years
  • Harsh Rajkumar Tejwani named Company Secretary and Compliance Officer
  • Appointments effective October 1, 2026, following Board meeting
  • Previous CS Vaishaliben Sanjaybhai Jain resigned on September 30, 2026
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*this image is generated using AI for illustrative purposes only.

Ashtasidhhi Industries Limited appointed Kathan Ronak Joshi as an Additional Director and Harsh Rajkumar Tejwani as Company Secretary and Compliance Officer, effective October 1, 2026.

The appointments were approved by the Board of Directors during a meeting held on Thursday, October 1, 2026. The company, formerly known as Gujarat Investa Limited, notified the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board composition changes

Kathan Ronak Joshi has been appointed as a Non-Executive Independent Director for a term of five years. His appointment is subject to shareholder approval at the ensuing General Meeting. The Board confirmed that he satisfies the independence criteria prescribed under the Companies Act, 2013 and SEBI Listing Regulations, and is not debarred from holding office by any regulatory authority.

The Board noted that the Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee will be reconstituted upon the appointment of the requisite number of Independent Directors. Revised committee compositions will be intimated to the stock exchanges subsequently.

Leadership transition

Harsh Rajkumar Tejwani has been appointed as Company Secretary and Compliance Officer. This follows the resignation of Vaishaliben Sanjaybhai Jain from the same post, which took effect from the close of business hours on September 30, 2026.

Role Name Effective Date Term Qualifications
Additional Director (Non-Executive Independent) Kathan Ronak Joshi October 1, 2026 5 years (subject to approval) B.Com., pursuing CS Professional Programme
Company Secretary & Compliance Officer Harsh Rajkumar Tejwani October 1, 2026 N.A. Qualified Company Secretary (ICSI)

Background of appointees

Kathan Ronak Joshi holds a B.Com. degree from GLS University, Ahmedabad, and is currently pursuing the Company Secretary course at the Professional Programme level from the Institute of Company Secretaries of India (ICSI). He serves as the Head of Legal and Secretarial Department at a private limited company in Ahmedabad. He has over two years of experience in corporate legal and secretarial matters, including compliance management and Board meeting conduct.

Harsh Rajkumar Tejwani qualified as a Company Secretary in November 2025 and holds ICSI Membership No. A-79066. He possesses approximately one year of post-membership experience in corporate legal and secretarial services, focusing on the Companies Act, 2013 and applicable SEBI regulations.

Historical Stock Returns for Gujarat Investa

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%-9.59%-28.61%-23.01%+135.74%

Will the upcoming General Meeting result in shareholder approval for Kathan Ronak Joshi's directorship, and what is the expected timeline for this vote?

How will the reconstitution of the Audit, Nomination and Remuneration, and Stakeholders' Relationship Committees impact the company's governance structure once the requisite number of Independent Directors is appointed?

Given the appointees' relatively limited experience (under three years combined), how does the Board plan to mitigate potential compliance risks during this leadership transition?

Investa launches free US share trading for UK investors

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Reviewed by
Ritika DScanX News Team
Key Highlights
  • Investa introduces free U.S. share trading for UK users, removing commission and FX fees
  • Free access is subject to annual limits: £250,000 trade value, 50 trades, or 5,000 shares
  • Platform has raised £3.8 million from over 1,000 investors since inception
  • New rewards and referral programmes offer options on Investa shares to eligible users
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*this image is generated using AI for illustrative purposes only.

Investa , the FCA-regulated options trading app, has introduced free U.S. share trading for UK customers, removing commissions and foreign exchange fees.

The platform, which has raised £3.8 million from over 1,000 investors, is now available on Android via the Google Play Store and iOS. This move positions Investa as the first UK-based platform to offer completely fee-free access to U.S. equities, extending its existing zero-commission model for options contracts.

Fee structure and limits

While trading is free of charge, users are subject to an annual fair usage policy per account. The service remains free provided the customer does not exceed any of the following thresholds:

Limit Type Annual Cap
Total Trade Value £250,000
Number of Trades 50
Shares Traded 5,000

Whichever limit is reached first triggers the end of the free tier for that account year.

Strategic context

The launch builds on the broader industry shift toward zero-commission trading but differentiates itself by eliminating ancillary costs such as FX fees, which typically accompany this model. Investa already allows customers to trade over 300,000 options contracts across popular U.S. stocks and ETFs without commission, though other fees may apply to those products.

Announced at the Investa x Cboe Global Markets event on September 17, the new service follows the recent rollout of a rewards programme. Eligible early users were granted options on up to £1,000 worth of Investa shares, allowing them to benefit from the company’s future growth. A referral programme is also set to launch, running until October 31, 2026, offering options on £100 worth of shares to both referrers and referees who meet eligibility criteria.

What the numbers show

The company’s funding trajectory highlights strong retail investor interest in its model. Investa raised £3.8 million from more than 1,000 investors, with its initial crowdfunding campaign on Crowdcube closing six days ahead of schedule. This raise was recorded as the most participated-in UK fintech campaign on the platform in 2024, suggesting a high level of community engagement that the new referral and reward structures aim to leverage further.

Alec Beasley, CEO of Investa, stated that the initiative aims to remove barriers to both stock and options trading in the UK, providing customers with more strategies and ways to trade.

Historical Stock Returns for Gujarat Investa

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%-9.59%-28.61%-23.01%+135.74%
Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How will Investa's elimination of FX fees impact its unit economics and long-term profitability compared to competitors who monetize through spread markups?

What regulatory scrutiny might Investa face from the FCA regarding the sustainability of its zero-commission model and the potential risks of encouraging high-frequency retail trading?

Will major UK brokers like Trading 212 or Freetrade introduce similar fee-free U.S. equity offerings to retain market share against Investa's aggressive pricing strategy?

More News on Gujarat Investa

1 Year Returns:-23.01%