Geetanjali Credit and Capital Limited appointed Shreedhar Vasant Godbole as Managing Director and Chief Financial Officer effective September 10, 2026.

The Board of Directors approved the appointment following a recommendation from the Nomination and Remuneration Committee. Godbole holds a five-year term subject to shareholder approval at a general meeting.

Leadership Changes

Mr. Avinash Verma resigned from the post of Additional Executive Director effective September 10, 2026. Verma cited pre-occupancy as the reason for his departure and confirmed there were no other material reasons for his resignation.

The Board also approved the reconstitution of various board committees during the meeting held on September 10, 2026.

New CFO Profile

Shreedhar Vasant Godbole brings over 30 years of experience in teaching and conducting coaching classes for the share market. He is the founder and owner of Shreedhar Tutorials of Commerce and a franchise owner of Bonanza Portfolio Limited.

Godbole also has 15 years of experience in trading activities. He currently holds no directorships in other listed entities and has no relationship with existing directors of Geetanjali Credit and Capital Limited.

The appointment is subject to approval by shareholders in a general meeting. The resignation of Mr. Avinash Verma takes effect immediately upon confirmation by the Board.

Geetanjali Credit and Capital Limited saw its past management exit the board after shareholders rejected six of seven resolutions at the 36th Annual General Meeting held on August 21, 2026, triggering deemed resignations across the prior board.

Following the scrutinizer's report submitted by Dharti Patel and Associates, the company informed BSE that all directors forming part of the past management prior to the 36th AGM are deemed to have resigned. The tenure and appointment of these past directors ceased with effect from August 21, 2026, and they shall no longer continue as directors of the company. The intimation was filed on August 22, 2026.

AGM voting results

Only Resolution 1, relating to the adoption of financial statements, was passed with requisite majority. Resolutions 2 through 7, covering the increase in authorised share capital and the appointment or regularisation of multiple directors, were not passed. The following table summarises the outcome of each resolution:

Voting participation

For Resolution 1, a total of 23 members cast votes covering 5,62,664 shares across both e-voting modes, with no invalid votes recorded. For Resolutions 2 through 6, 20 members voted in favour covering 5,48,185 shares, while 8 members voted against covering 9,52,572 shares. For Resolution 7, 21 members voted in favour covering 5,49,185 shares, while 8 members voted against covering 9,52,572 shares. No invalid votes were recorded for any resolution.

Reconstituted board of directors

Following the cessation of the past management, the company's board now comprises three directors, all appointed effective August 21, 2026. Their tenures run up to the next general meeting or within a period of three months from the date of appointment, whichever is earlier.

Avinash Verma brings over five years of experience in accounting and taxation, while Vishnuji Ravaji Thakor holds expertise in marketing and sales. Dhaval Jagdishbhai Vaghela specialises in capital markets and investments. All three hold no shares in the company and have no relationships with existing directors, and none are debarred by SEBI or any other authority from holding office.