Magnanimous Trade appoints two independent directors

Magnanimous Trade & Finance Limited appointed Darvin Maheshbhai Kiyada and Rushi Arvindbhai Savliya as additional non-executive independent directors on July 25, 2026. The Board of Directors approved the hires during a meeting held in Jaipur, enhancing the company’s governance structure with new independent oversight. Both appointments require final ratification by shareholders at a General Meeting.

The Board also approved the reconstitution of various board committees during the same session. The appointments comply with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD PoD1/P/CIR/2023/123 dated July 13, 2023. Additionally, the company confirmed compliance with BSE Limited Circular No. LIST/COMP/14/2018-19 issued on June 20, 2018.

Darvin Maheshbhai Kiyada brings over two years of experience in accounts and finance to the role. Rushi Arvindbhai Savliya contributes a background in mechanical engineering, research, leadership, and management, including experience managing operations within a family-owned business. Neither director holds shares in Magnanimous Trade & Finance Limited or has relationships with existing directors.

Director Profiles

Director Name	DIN	Key Expertise	Shareholding
Darvin Maheshbhai Kiyada	11849750	Accounts and finance (>2 years)	NIL
Rushi Arvindbhai Savliya	11847074	Mechanical engineering, operations	NIL

Both directors have no directorships in other listed or unlisted entities. The company confirmed that neither individual is debarred from holding office by SEBI or any other authority. The five-year terms begin immediately but remain conditional upon regulatory and shareholder consent.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	0.0%	0.0%	0.0%	-100.00%

Magnanimous Trade & Finance Limited accepted the resignations of Mr. Nevil Kamdar and Mr. Dhaval Parekh from its board, effective July 21, 2026. The resignations were intimated to BSE Limited in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Nevil Kamdar (DIN: 11271919) resigned from the post of Independent Director, while Mr. Dhaval Parekh (DIN: 09636606) stepped down from the position of Executive Director. Both directors cited pre-occupancy and other commitments as the reasons for their departure. They confirmed that there were no other material reasons for their resignations beyond those stated in their letters.

Resignation Details

The company disclosed the specific details regarding the cessation of their roles in the annexures to the regulatory filing. The following table summarizes the key information:

Name	DIN	Position	Effective Date	Reason
Mr. Nevil Kamdar	11271919	Independent Director	July 21, 2026	Pre-occupancy and other commitments
Mr. Dhaval Parekh	09636606	Executive Director	July 21, 2026	Pre-occupancy and other commitments

Regulatory Disclosures

The filing was made in accordance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023. The resignations were confirmed by the Managing Director, Kurjibhai Premjibhai Rupareliya (DIN: 05109049). The company stated that the necessary forms would be filed with the Registrar of Companies to give effect to the resignations.