Maxgrow India Limited has appointed Santosh G. Doke as its Chief Financial Officer, effective July 24, 2026. The Board of Directors approved the appointment during a meeting held on July 24, 2026, in Mumbai. This leadership change follows recommendations from both the Nomination and Remuneration Committee and the Audit Committee, signaling a strategic update to the company’s financial management team. The appointment is made in compliance with the Companies Act, 2013, and SEBI Listing Regulations.

The Board meeting commenced at 3:30 p.m. and concluded at 3:50 p.m. on Friday, July 24, 2026. During the session, directors considered and approved the appointment of Mr. Santosh G. Doke to the CFO position. The decision aligns with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the company adhered to SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, by providing detailed disclosures regarding the new executive’s profile and terms.

Appointment Details

Santosh G. Doke assumes the role immediately, with his term lasting until resignation or cessation. He brings 14 years of experience in accounts and finance, having worked with various companies throughout his career. There are no disclosed relationships between Doke and the existing directors.

Regulatory Compliance

Maxgrow India Limited submitted the disclosure to BSE Limited pursuant to regulatory requirements. The filing includes Annexure A, which details the appointment as required under the Listing Regulations. Shiv Kumar Ramsagar Pasi, Director of Maxgrow India Limited, signed the communication, confirming the board’s approval and adherence to statutory norms. The company’s registered office is located at Suchita Business Park, Ghatkopar - East, Mumbai.

Maxgrow India Limited has officially relocated its registered office within Mumbai, marking a strategic administrative move for the BSE-listed company. The relocation, effective January 2, 2026, was approved by the board of directors during their meeting held on December 24, 2025.

Office Relocation Details

The company has moved its registered office from its previous location in Mumbai's Fort area to a new facility in Ghatkopar East. The transition represents an intra-city relocation within the local limits of Mumbai.

Company Profile and Financial Standing

Maxgrow India Limited, formerly known as Frontline Business Solutions Limited, operates as a public company limited by shares under the non-government category. The company was incorporated on January 12, 1994, and maintains its listing on BSE with scrip code 521167.

Compliance and Corporate Status

The company maintains active compliance status with the Ministry of Corporate Affairs and operates under the jurisdiction of ROC Mumbai in the Western Region. According to the latest available records, the company's last Annual General Meeting was held on September 30, 2020, with the balance sheet date as March 31, 2020.

Administrative Updates

The relocation notice was formally communicated to BSE Limited's Listing Compliance Department on January 23, 2026, by Managing Director Shivkumar Pasi. The company has updated its master data with the Ministry of Corporate Affairs to reflect the new registered office address, ensuring all regulatory requirements are met for the office transition.