Fonebox Retail shareholders approved the regularisation of Mr. Pankaj Kailashnath Vasudeva and Mr. Dhrumil Pradipbhai Shah as Executive Directors at an Extraordinary General Meeting (EGM) held on June 20, 2026. The resolutions received unanimous support from the votes polled, with 100% approval. The meeting was conducted via Video Conferencing, and the appointments are effective from June 20, 2026.

Key Approvals

The EGM approved the regularisation of the appointments and remuneration for the two Executive Directors. The resolutions were part of the corporate governance updates presented to the shareholders.

Director Profiles

Mr. Dhrumil Pradipbhai Shah is a commerce graduate with over 26 years of experience in the retail industry. His expertise spans sales, procurement, financial planning, and team management.

Mr. Pankaj Kailashnath Vasudeva holds a Bachelor of Arts degree and has more than 26 years of experience in retail operations, business development, and strategic management.

Fonebox Retail disclosed that its promoters and promoter group collectively held 73.41% of the total paid-up equity share capital as on March 31, 2026. The filing confirms that the group held 75,32,000 equity shares and that no shares were encumbered during the financial year ended March 31, 2026.

The disclosure was submitted by Amitkumar G. Patel, a promoter and representative of the promoters and promoter group, to the National Stock Exchange of India. The submission was made in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Breakdown

The detailed shareholding pattern indicates that Manishbhai Girishbhai Patel holds the largest individual stake among the promoters at 17.91%. The promoter group includes several members with smaller holdings, contributing to the aggregate promoter and promoter group holding of 73.41%.

The declaration, signed on April 6, 2026, affirmed that the information provided is true and correct. The filing was submitted by Krusha Harshadbhai Chhatbar, Company Secretary & Compliance Officer of Fonebox Retail.