Glaam Up Jwel Limited approved significant changes to its board composition and authorized borrowing of up to ₹100 crore during its meeting on September 7, 2026. The company also scheduled its eighth annual general meeting for late September.

The board restructured executive leadership by appointing Mr. Nirav Khatri as Managing Director, effective immediately. Previously serving as an Additional Non-Executive Director, Mr. Khatri’s appointment is subject to shareholder approval. Concurrently, Mr. Amit Gupta stepped down from the Managing Director role to become a Non-Executive Director.

Board Appointments and Changes

The meeting also saw the appointment of Mr. Vicky Deepakkumar Shah as Additional Director and Chairman of the Company. Additionally, Mr. Urvik Dipakbhai Joshi was appointed as an Additional Independent Director, bringing experience from the tour and travel sector to the board.

Financial and Operational Approvals

Beyond governance changes, the board approved several financial resolutions under the Companies Act, 2013. These include:

• Borrowing funds not exceeding ₹100 crore under Section 180(1)(c).
• Increasing limits for creating charges on company assets under Section 180(1)(a).
• Authorizing loans, guarantees, and investments under Section 186.
• Providing security or loans related to director interests under Section 185.

The company also approved its Director’s Report for the financial year ended March 31, 2026, and appointed M/s. Amit Saxena & Associates as the scrutinizer for remote e-voting at the upcoming AGM.

Corporate Office Relocation

Glaam Up Jwel shifted its corporate office from Ahmedabad’s Ring Road area to a new location in Bodakdev, Ahmedabad, effective September 7, 2026. The registered office in New Delhi remains unchanged.

The eighth Annual General Meeting is scheduled for Tuesday, September 29, 2026, at 3:30 pm via video conferencing or other audio-visual means.

Glaam Up Jwel Limited has appointed Mr. Nirav Khatri as an additional non-executive director. The board also noted the resignation of Mr. Mayabhai Bhikhabhai Kotar from the same role, effective August 24, 2026.

The decisions were taken during a board meeting held on August 25, 2026, at the company’s registered office in New Delhi. The appointment of Mr. Khatri is subject to shareholder approval.

Appointment Details

Mr. Khatri brings over 10 years of professional experience in fashion retail, customer service, and store operations. He holds a Bachelor of Commerce degree. The Nomination and Remuneration Committee recommended his appointment based on his commercial understanding and people-management skills.

Resignation

Mr. Kotar resigned due to personal reasons. His cessation from the position was effective August 24, 2026. The company enclosed his resignation letter with the regulatory filing.