Growington ventures India Limited has announced the appointment of Mr. Ankit Jalan as Independent Director, marking a significant addition to its board composition. The appointment was formally approved during a board meeting held on April 17, 2026, demonstrating the company's commitment to strengthening its governance structure.

Board Meeting Details and Approval Process

The board meeting commenced at 01:30 P.M. and concluded at 02:05 P.M. on Friday, April 17, 2026. The appointment was made following the recommendation of the company's Nomination and Remuneration Committee, ensuring proper procedural compliance under corporate governance norms.

Director Profile and Qualifications

Mr. Ankit Jalan brings valuable expertise to the board with his educational background and professional experience. He holds a graduate degree and is a Member of the Institute of Company Secretaries of India. Currently, he serves as Company Secretary at Jekay Wagons Limited, providing him with relevant corporate governance experience.

Regulatory Compliance and Confirmations

The company has ensured full compliance with regulatory requirements for the appointment. Mr. Jalan has provided necessary confirmations regarding his eligibility to serve as an Independent Director. Key compliance aspects include:

• Confirmation that he is not debarred from holding directorship by SEBI or any other authority
• Declaration of no relationship with existing directors or key managerial personnel
• Confirmation of non-disqualification under Section 164 of the Companies Act, 2013

Disclosure Requirements

The appointment has been disclosed in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed disclosures as required under SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015.

The appointment strengthens Growington Ventures India Limited's board structure with the addition of an experienced professional who meets all regulatory requirements for independent directorship. The company, formerly known as VMV Holidays Ltd, continues to enhance its corporate governance framework through strategic board appointments.

Manju Mundhra and Naresh Kumar Mundhra have filed a disclosure under SEBI regulations regarding the sale of equity shares in Growington Ventures India Limited. The transaction represents a reduction in their combined shareholding position in the BSE-listed company, with the official disclosure submitted on 19.03.2026.

Transaction Details

The share sale was executed through open market transactions conducted between 17.02.2026 to 18.03.2026. The disclosure was submitted to BSE Limited and the company on 18.03.2026, in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Changes

The transaction involved the sale of a total of 40,56,237 equity shares, representing 0.64% of the company's total share capital. Both shareholders reduced their individual holdings through this transaction.

Pre and Post Transaction Holdings

Before the transaction, Manju Mundhra held 37,06,346 shares (0.58%) while Naresh Kumar Mundhra held 2,85,41,432 shares (4.44%), totaling 3,22,47,778 shares representing 5.02% of the company's equity capital.

Company Capital Structure

Growington Ventures India Limited maintains an equity share capital of Rs 64,22,15,760, comprising 64,22,15,760 equity shares with a face value of Rs 1 each. The company's total voting capital and diluted share capital remain unchanged at the same level following this transaction.

Regulatory Compliance

The disclosure confirms that neither Manju Mundhra nor Naresh Kumar Mundhra belong to the promoter or promoter group of the company. The filing also indicates no encumbrances, voting rights other than shares, or convertible securities in their holdings. The company secretary, Sunita Gupta Maskara, forwarded the disclosure to BSE Limited as per regulatory requirements.