IndiaNivesh Limited approved the appointment of Sanjay Ramdhari Yadav as Additional Non-Executive Independent Director during its board meeting held on October 16, 2026. The company also noted the resignation of Jagdish Prasad Ridhkaran Pareek from his role as Non-Executive Independent Director.

Pareek resigned due to personal commitments and pre-occupation, effective from the closing of business hours on October 16, 2026. He confirmed there were no material reasons for his departure other than those stated. Consequently, he ceased to be a member or chairperson of any board committees.

New director profile and tenure

Sanjay Ramdhari Yadav has been appointed for a period of five consecutive years. He holds a graduate degree in Computer Science and brings vast experience in the Information Technology sector. His appointment was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Committee reconstitution details

The Board approved the reconstitution of key committees with immediate effect. Yadav has assumed the chairmanship of both the Audit Committee and the Nomination and Remuneration Committee.

Audit Committee

Nomination and Remuneration Committee

Stakeholders Relationship Committee

The meeting commenced at 12:30 pm and concluded at 1:30 pm. The disclosures were filed pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2026- CFD-POD2/I/3762/2026 dated January 30, 2026.

IndiaNivesh Limited shareholders approved the sale of 100% equity shares in its wholly owned subsidiary, IndiaNivesh Commodities Private Limited (INCPL), during the 95th Annual General Meeting held on September 30, 2026. The resolution passed with 99.69% votes in favour, reflecting strong shareholder support for the corporate restructuring.

The meeting also ratified the re-appointment of Rajesh Nuwal as Managing Director through a special resolution, which secured identical voting support. Additionally, shareholders adopted the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, and approved the re-appointment of Kaushik Jashwantlal Shah as a director retiring by rotation.

Voting Results Overview

The combined voting results from remote e-voting and the poll conducted at the meeting showed high participation relative to the promoter holding, with minimal dissent across all four agenda items. The total number of shares on record was 37,750,000, out of which 26,992,098 votes were polled.

Shareholder Participation Details

The scrutiny report by Priti Jajodia of Jajodia and Associates highlighted that while promoter group members voted exclusively through the poll mechanism, public shareholders utilized both remote e-voting and physical voting methods. Notably, no institutional investors participated in the voting process for any resolution.

• Promoter Group: Held 23,575,817 shares; all voted via poll.
• Public Institutions: Held 334,370 shares; zero votes polled.
• Public Non-Institutions: Held 13,839,813 shares; 3,416,281 votes polled via e-voting and poll.

What the Numbers Show

The voting data reveals a distinct concentration of influence within the promoter group, which holds approximately 62.4% of the total outstanding shares. Since the promoter group voted unanimously in favour of all resolutions via the poll, their block alone was sufficient to pass all ordinary and special resolutions, regardless of public shareholder sentiment. The 82,629 dissenting votes recorded from public non-institutional shareholders represent only 0.31% of the total votes polled, indicating that the outcome was effectively predetermined by the promoter's majority stake.