Devinsu Trading Limited has announced an Extra-Ordinary General Meeting (EGM) scheduled for April 27, 2026 at 11:00 AM (IST) to seek shareholder approval for multiple director appointments. The meeting will be held at the company's registered office located at 2, Floor-1, Plot-90/94, Zaveri Mansion, Shaikh Memon Street, Zaveri Bazar, Kalbadevi, Mumbai-400002.

Meeting Schedule and E-Voting Details

The company has established a comprehensive timeline for the EGM proceedings with detailed e-voting arrangements:

Proposed Director Appointments

The EGM agenda includes four director appointments, each requiring shareholder approval through ordinary or special resolutions:

Non-Executive Director Appointment

Mukesh Kumar Bothra (DIN: 02309927) is proposed for appointment as Non-Executive Director through an ordinary resolution. A Chartered Accountant with approximately 24 years of experience in accounts and finance, Bothra's appointment is recommended for a five-year term from February 04, 2026 to February 03, 2031, with liability to retire by rotation.

Independent Director Appointments

Two candidates are proposed for Independent Director positions through special resolutions:

Umakant Kashinath Bijapur (DIN: 07269181) holds a graduate degree from the University of Agricultural Science with MSc Agriculture qualification and brings approximately 40 years of experience. His appointment covers the same five-year term without liability to retire by rotation.

Sahil Jain (DIN: 11521946) is a Chartered Accountant with 5 years of experience in accounts and finance. His independent directorship also spans the five-year period from February 04, 2026 to February 03, 2031.

Whole Time Director Appointment

Deniis Desai (DIN: 02904192) is proposed for appointment as Whole Time Director through a special resolution. The appointment includes specific remuneration terms:

Desai, who holds a Master of Management Studies degree from University of Mumbai, brings over 18 years of strategic advisory experience in real estate and education sectors.

Company Financial Performance

According to the standalone audited financials for Financial Year 2024-25, the company demonstrated strong performance:

Regulatory Compliance and Governance

The appointments address regulatory requirements under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All proposed directors have provided necessary consents, declarations of independence where applicable, and confirmations of non-disqualification under Section 164 of the Companies Act, 2013.

The company has implemented comprehensive e-voting facilities through MUFG Intime India Pvt Ltd, enabling shareholders holding shares in both physical and dematerialized form to participate remotely. Detailed instructions for various categories of shareholders, including individual shareholders with NSDL and CDSL accounts, have been provided to ensure broad participation in the voting process.

Devinsu Trading Limited has announced the resignation of two key managerial personnel, marking significant changes in its leadership structure. The Mumbai-based company disclosed that both its Chief Financial Officer and Company Secretary have stepped down from their respective roles effective February 28, 2026.

Key Personnel Changes

The company has informed BSE Limited about the departure of Mr. Vinayak Narayan Pawar, who served as Chief Financial Officer, and Mrs. Ritu Pareek, who held the position of Company Secretary & Compliance Officer. Both executives submitted their resignations citing personal reasons, which have been accepted by the company's board.

Official Resignation Letters

Mr. Vinayak Narayan Pawar, in his resignation letter dated February 28, 2026, cited personal reasons and other professional commitments as factors for his departure. He expressed gratitude for the support received from the board of directors and senior executives during his tenure with the company.

Mrs. Ritu Pareek, Company Secretary with membership number A54136, submitted her resignation to pursue alternate career opportunities outside the organization. In her letter, she requested the company to file necessary forms with the Registrar of Companies and provide intimation to stock exchanges regarding her resignation.

Regulatory Compliance

In accordance with SEBI regulations, both departing executives have confirmed that there are no other material reasons for their resignation beyond those specified. The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full transparency with stakeholders.

Following their resignation, both Mr. Pawar and Mrs. Pareek have ceased to be Key Managerial Personnel under Regulation 30(5) of the SEBI regulations. This change affects their role in determining the materiality of events or transactions for required disclosures to stock exchanges.

Succession Planning

The company has indicated that it is actively working to fill both vacant positions. Management stated they are in the process of identifying and appointing suitable candidates for both the CFO and Company Secretary roles. The company has committed to informing stock exchanges promptly once these critical positions are filled.

The resignations represent a significant transition period for Devinsu Trading Limited as the company works to ensure continuity in its financial and compliance functions while searching for qualified replacements. The formal disclosure was signed by Director Deniis Desai (DIN 02904192) on behalf of the company.