Mangalam Global Enterprise appointed two new independent directors to its board on September 8, 2026. The appointments strengthen the company’s governance framework with seasoned banking and financial services expertise.

The Board of Directors approved the appointment of Mr. Ramesh Kumar Agrawal and Ms. Purvi Jayendra Bhavsar as Additional Directors in the capacity of Non-Executive, Independent Directors. Both appointments are effective from September 8, 2026, for a consecutive period of five years.

Director Profiles

Mr. Agrawal brings nearly four decades of experience in the banking and financial services sector, including a 34-year tenure with State Bank of India (SBI). He superannuated as General Manager in 2021 and holds a Bachelor’s degree in Commerce from Calcutta University. His expertise spans corporate lending, risk management, and compliance.

Ms. Bhavsar is a first-generation entrepreneur with over 30 years of experience across Banking, Financial Services, Insurance (BFSI), and Telecom sectors. She is the Co-Founder of Pahal Financial Services Private Limited, an NBFC-MFI. Her previous roles include senior positions at Kotak Mahindra, HDFC Bank, ICICI Bank, and Vodafone India.

Postal Ballot Process

The board approved conducting a postal ballot through an e-voting facility to seek shareholder approval for these appointments. The cut-off date for the postal ballot was fixed at September 4, 2026. Mr. Rajesh Parekh, Partner at RPSS & Co., was appointed as the Scrutinizer for the process.

Both appointees are not related to any existing Directors or Key Managerial Personnel of the company and are not debarred from holding office by SEBI or other authorities.

Mangalam Global Enterprise Limited appointed Darshak Mehta as Chief Executive Officer for its NEAT Everyday brand, effective September 1, 2026.

The company disclosed the appointment under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The move aims to strengthen leadership within the specialized nutraceuticals and wellness division.

Leadership Change

Mehta joins the senior management team to support the next phase of expansion for NEAT Everyday. The brand focuses on building a differentiated and scalable consumer wellness platform. His role involves deepening market presence and strengthening execution across channels.

The appointment leverages Mehta’s extensive background in large-scale retail operations. He holds a Post Graduate Diploma in Business Administration (Finance) from Symbiosis Institute, Pune. His academic credentials also include a Hotel Management degree from Shannon College of Hotel Management, Ireland.

Professional Background

Mehta brings over 31 years of experience across retail, cash and carry, hospitality, food services, and B2B operations. A significant portion of his career was spent with Reliance Retail. He rose from Store Manager to Vice President and Business Head at Reliance, where he led operations for 170 Metro M2 stores.

His expertise spans retail expansion, multi-site operations, and business management. He also held leadership roles in entertainment, hospitality, and BPO operations. Mehta was recognized by the Comité Interprofessionnel du Vin de Champagne and won the All-Ireland Management Game in Dublin.

Strategic Focus

Commenting on the appointment, Mehta stated he is honored to join NEAT Everyday at an exciting stage of its growth journey. He highlighted the brand’s strong foundation backed by Group Mangalam’s legacy and values.

His focus will be on strengthening retail and consumer strategy while enhancing operational capabilities. He aims to create a differentiated wellness platform that delivers meaningful value to consumers. The goal is to establish NEAT Everyday as a trusted name in the wellness space.

NEAT Everyday operates as the specialized nutraceuticals and wellness division of Mangalam Global Enterprise Limited. The brand blends legacy sourcing expertise with modern biomedical research. It offers premium, plant-based self-care essentials including cold-pressed oils, supplements, gummies, and skincare solutions.