Multiplus Holdings has accepted the resignations of Mr. Alpesh Hasmukhrai Modi and Mr. Ajay Dhanjibhai Gungla from their positions as independent directors on the company's board.

The departures are effective September 8, 2026. The directors stepped down due to the completion of their term of appointment as per applicable regulatory provisions.

Board Changes

The company disclosed the changes in a filing to BSE Limited on September 9, 2026. The resignation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Modi (DIN: 07469816) and Mr. Gungla (DIN: 07469832) confirmed that there were no other material reasons for their departure other than the completion of their tenure. Both directors are not related to any other director on the board.

The filing further noted that neither director holds directorships or committee memberships in other listed entities. Jignesh Ramniklal Sheth, Managing Director of Multiplus Holdings, signed the intimation.

Multiplus Holdings has appointed Mrs. Dhwani Jaspalsinh Solanki and Mrs. Shivangi Digant Shah as Additional Non-Executive Independent Directors. The Board approved the appointments on September 8, 2026, effective immediately, subject to shareholder ratification at the 44th Annual General Meeting scheduled for September 30, 2026.

The company will hold the meeting at its registered office in Mumbai at 3:00 pm. Shareholders will vote on ordinary business items, including adopting the audited financial statements for the fiscal year ended March 31, 2026. The remote e-voting period runs from September 27 to September 29, 2026. The record date for voting eligibility is September 23, 2026.

Board Appointments and Reappointments

The agenda includes the reappointment of Mrs. Kavita Sheth as a Non-Executive Director. She retires by rotation at this meeting and offers herself for reappointment. The notice states she has over 12 years of experience in business administration and finance.

The two new appointees bring extensive corporate governance experience:

• Mrs. Dhwani Solanki is a Company Secretary with over 12 years of professional experience. She currently serves as Company Secretary at Sigma Solve Limited and holds directorships in Purohit Construction Limited, Ishita Drugs and Industries Limited, Rachana Infrastructure Limited, and Boss Packaging Solutions Limited.
• Mrs. Shivangi Shah is an Associate Member of the Institute of Company Secretaries of India with nine years of experience in corporate law and regulatory compliance. She currently serves as Company Secretary and Compliance Officer at Rajgor Proteins Limited.

Both appointees have declared their independence as per Section 149(6) of the Companies Act, 2013. They are not debarred from holding office by SEBI or other authorities.

Committee Reconstitution

Following the appointments, the Board reconstituted its statutory committees effective September 8, 2026. Mrs. Solanki will serve as Chairman of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. Mrs. Shah will serve as a Member in all three committees. Mr. Jayprakash Ramniklal Sheth, a Non-Executive Non-Independent Director, will also serve as a Member in these committees.

Auditor Reappointment

The meeting will also consider the reappointment of M/s. DGMS & Co., Chartered Accountants, as Statutory Auditors. They will hold office from the conclusion of this AGM until the conclusion of the 45th AGM. Their remuneration will be mutually agreed upon between the Board and the auditors.

Financial Performance Context

The notice includes a statement of information regarding the company's financial performance for the year ended March 31, 2026. The data provides context for the ongoing business operations.

Voting and Logistics

Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer Books will remain closed from Thursday, September 24, 2026, to Wednesday, September 30, 2026 (both days inclusive). This closure is for taking the record of members for the Annual General Meeting.

Shareholders holding securities in demat mode can vote through their depository participants or directly via the NSDL e-voting system. The company has appointed Mrs. Mansi Chokshi, a Practicing Company Secretary, as the scrutinizer for the e-voting process.