Garnet Construction board meets on May 30 for FY26 results

Garnet Construction Ltd has announced that its board of directors will meet on May 30, 2026, to discuss key financial and administrative matters. The meeting is scheduled to be held at the company's registered office in Mumbai.

Agenda for the Meeting

The board will consider the audited standalone financial results for the year ended March 31, 2026. Additionally, the directors will deliberate upon the appointment of Mr. Arunkumar Kedia as the Managing Director of the company.

Meeting Details

The meeting will take place at the following address:

501/531, Laxmi Mall, Laxmi Industrial Estate, New Link Road, Andheri (W), Mumbai - 400 053.

The intimation regarding the board meeting was sent to the stock exchanges in compliance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agenda Item	Description
Financial Results	Audited Standalone Financial Results for the year ended March 31, 2026
Appointment	Appointment of Mr. Arunkumar Kedia as Managing Director

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.31%	-11.19%	-5.73%	+14.00%	+210.29%	+244.42%

Garnet Construction Limited has formally communicated key board decisions to BSE Limited under Scrip Code 526727, following regulatory disclosure requirements under Regulation 30 of SEBI LODR. The company addressed critical leadership changes following the demise of promoter Mr. Kishankumar Kedia and implemented necessary organizational restructuring.

Board Meeting Decisions

The board meeting resulted in three significant decisions as communicated to the Bombay Stock Exchange on March 23, 2026:

Decision:	Details
Noting Promoter's Demise:	Board recorded demise of Mr. Kishankumar Kedia (DIN 205146), Promoter, Managing Director & CFO on February 22, 2026
Director Appointment:	Ms. Chahat Sanjaykumar Kedia (DIN 11621550) approved as Additional Director
CFO Appointment:	Ms. Nikita Poddar approved as Chief Financial Officer

Leadership Appointments and Profiles

The board has formally approved the appointment of Ms. Chahat Sanjaykumar Kedia as Additional Director of the company, effective March 23, 2026. She is the daughter of Sanjaykumar Kedia and is currently pursuing graduation. Her appointment is subject to applicable laws, necessary approvals, and shareholder approval as she is liable to retire by rotation.

Additionally, the board approved Ms. Nikita Poddar's appointment as Chief Financial Officer, effective March 23, 2026. Ms. Poddar brings significant expertise as an Associate Member of the Institute of Chartered Accountants of India (ICAI) with over 8 years of experience in corporate finance. She is not related to any directors of the company.

Regulatory Compliance and Disclosure Details

The formal disclosure was submitted to BSE Limited at Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, maintaining compliance with Regulation 30 requirements. The intimation was issued as a revised disclosure under Regulation 30 read with Part A of Schedule III of SEBI LODR regulations. Company Secretary and Compliance Officer Neha Verma (M. No: A46572) has formally signed the communication, ensuring proper regulatory adherence.

Personnel Changes:	Previous Status	Current Status	Effective Date
Mr. Kishankumar Kedia:	Promoter, Managing Director & CFO	Ceased (Death)	February 22, 2026
Ms. Chahat Kedia:	-	Additional Director	March 23, 2026
Ms. Nikita Poddar:	-	Chief Financial Officer	March 23, 2026

The board placed on record its deep condolences for Mr. Kishankumar Kedia's demise, acknowledging his significant contributions as Promoter, Managing Director, and CFO. The company continues to operate from its registered and corporate office at 501/531, Laxmi Mall, Laxmi Industrial Estate, New Link Road, Andheri (W), Mumbai, as it navigates through this leadership transition while maintaining operational stability.