Ashtasidhhi Industries appoints new independent director and CS
- 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

*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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 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?


































