Jhaveri Credits and Capital Limited has announced a comprehensive postal ballot notice for five special resolutions aimed at restructuring its board composition and leadership roles. The company has now submitted newspaper clippings confirming the publication of the postal ballot notice in leading newspapers, ensuring regulatory compliance.

Newspaper Publication and Compliance

The company submitted newspaper clippings to BSE Limited on April 09, 2026, confirming the publication of the postal ballot advertisement in Free Press Gujarat (English) and Lokmitra (Gujarati) newspapers. Company Secretary Gaurav Shrimankar signed the compliance letter, ensuring adherence to regulatory requirements under Regulation 30.

Leadership Transition and New Appointments

The postal ballot encompasses five key resolutions that will reshape the company's leadership structure:

Key Management Appointments

New Managing Director

Mr. Ghanshyambhai Hargovindbhai Engineer, possessing over 35 years of experience in government organizations and electrical sector leadership, has been proposed as the new Managing Director. He previously served as Chief Engineer with Gujarat Urja Vikas Nigam and currently serves as CEO of U R Energy (India) Private Limited. His appointment comes with a remuneration package of up to ₹3.00 lakh per month for three years, with potential increments as decided by the Board.

Executive Director Appointment

Ms. Bijal Kiran Parikh, currently a Non-Executive Director, is proposed for elevation to Executive Director. With over 24 years of experience in finance, system audits, and consultancy, she has successfully led teams of 500+ professionals across India. Her new role carries a remuneration of up to ₹5.00 lakh per month for three years.

Independent Director Addition

Ms. Chetna Rahul Vyas, a distinguished law professional with over 17 years of experience in the education sector, has been proposed as Woman Independent Director. She holds degrees in B.A, LLB, Double LLM and PHD, and currently serves as Assistant Professor at Gujarat University's School of Law.

E-Voting Schedule and Process

The company has established a comprehensive timeline for the postal ballot process:

The company has engaged National Securities Depository Limited (NSDL) for providing e-voting facilities to shareholders. Only members whose names appear in the Register of Members or Register of Beneficial Owners as on the cut-off date will be entitled to vote.

Company Performance Context

The board restructuring comes against the backdrop of the company's financial performance. For 2024-25, the company reported total income of ₹2332.12 lakh compared to ₹2641.73 lakh in 2023-24. Despite lower revenues, the company improved its profit after tax to ₹240.94 lakh in 2024-25 from ₹161.03 lakh in the previous year.

Scrutinizer and Compliance

M/s. ALAP & CO. LLP, Practicing Company Secretaries, has been appointed as the scrutinizer for conducting the postal ballot process. The resolutions, if approved by requisite majority, will be deemed passed on May 08, 2026. Results will be available on the company's website, NSDL's e-voting portal, and stock exchange websites.

Shareholders can access the complete postal ballot notice on the company's website at www.jhavericredits.com and NSDL's e-voting platform at www.evoting.nsdl.com . The company has emphasized that voting will be conducted exclusively through electronic means, with no physical postal ballot forms being distributed.

Jhaveri Credits & Capital Limited has filed its quarterly compliance certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate was submitted to BSE Limited on April 7, 2026, by Company Secretary and Compliance Officer Gaurav Pramodkumar Shrimankar.

Regulatory Compliance Certificate

The certificate was issued by MCS Share Transfer Agent Limited, the company's Registrar and Share Transfer Agent (RTA), confirming compliance with SEBI's dematerialization regulations. The RTA confirmed that all securities received from depository participants for dematerialization during the quarter were properly processed and confirmed to the depositories.

Share Transfer Activity

According to the quarterly report submitted by MCS Share Transfer Agent Limited, the company processed share transfer activities during the period from January 1, 2026 to March 31, 2026. The transfer activity details show specific transaction processing:

Dematerialization Process Confirmation

The RTA confirmed that all security certificates received for dematerialization were properly mutilated and cancelled after due verification by the depository participant. The registrar also confirmed that the names of the depositories were substituted in the register of members as registered owners within the stipulated 15-day period as required under SEBI regulations.

Regulatory Framework

The certificate filing is mandatory under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, which requires companies to submit quarterly confirmations regarding their dematerialization processes. This ensures transparency and proper record-keeping in the securities market, protecting investor interests and maintaining market integrity.

The submission demonstrates Jhaveri Credits & Capital Limited's commitment to regulatory compliance and proper corporate governance practices in handling shareholder securities and maintaining accurate records as required by market regulators.