bizotic commercial has announced the appointment of Mr. Dipak Hariprasad Dave as Additional Executive Director, effective May 21, 2026. The decision was made during a Board meeting held on the same day, following recommendations from the company's Nomination and Remuneration Committee and Audit Committee.

Mr. Dave, who holds a DIN of 11731696, is a seasoned banking professional with over 36 years of experience in the industry. He currently serves as the Chief Financial Officer (CFO) of Bizotic Commercial Limited. His extensive background includes roles such as Senior Vice President at Axis Bank, along with qualifications including M.Com., LL.B., Diploma in Labour Law, and CAIIB.

The appointment is subject to shareholder approval and will be placed for ratification at the ensuing Annual General Meeting (AGM) for the financial year 2025-2026. Until then, Mr. Dave will hold the office of Director. The company confirmed that he is not debarred from accessing capital markets or holding the position of a director by any regulatory authority.

Board Meeting Details

The Board meeting to discuss the appointment commenced at 05:00 P.M. and concluded at 06:45 P.M. IST on May 21, 2026. The meeting was chaired to deliberate on the appointment and other regulatory matters.

Key Appointment Details

The company has disclosed that Mr. Dave does not hold directorships in any other listed entities. The appointment aligns with the company's governance framework under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Bizotic Commercial Limited has appointed Mr. Dipak Hariprasad Dave as its Chief Financial Officer (CFO) and Key Managerial Personnel, effective May 7, 2026. The appointment was approved by the Board of Directors at its meeting held on the same date, acting on the recommendation of the Nomination and Remuneration Committee and the Audit Committee. The board meeting commenced at 01:00 P.M. and concluded at 02:30 P.M. (IST). The intimation has been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The key details of Mr. Dipak Hariprasad Dave's appointment as disclosed under Regulation 30 read with Schedule III – Para A of Part A of the SEBI Listing Regulations are as follows:

Profile of the Appointee

Mr. Dipak Hariprasad Dave is a seasoned banking professional with over 36 years of extensive experience in the banking industry. He holds multiple academic and professional qualifications, including an M.Com., LL.B., Diploma in Labour Law, and CAIIB, reflecting a strong foundation in finance, law, and banking practices. Throughout his distinguished career, he has demonstrated deep expertise in banking operations, regulatory compliance, and organizational leadership. In his final assignment, he served as Senior Vice President with Axis Bank, where he played a key role in strategic decision-making, team leadership, and driving business growth.

Regulatory Compliance

The disclosure has been made in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Master Circular bearing Ref. No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023. The intimation was submitted to the Corporate Relation Department and the Listing Department of Bombay Stock Exchange Limited. The filing was signed by Sanjay Mahavirprasad Gupta, Managing Director of Bizotic Commercial Limited (DIN: 07610448).