Multiplus Holdings Limited held its 44th Annual General Meeting on September 30, 2026, at its registered office in Mumbai. The meeting focused on the adoption of audited financial statements for FY26 and significant changes to the board composition.

The Chairman and Managing Director, Jignesh Sheth, addressed members regarding the company's performance in FY26 and its business outlook. The notice of the meeting was circulated electronically to eligible shareholders, and voting was conducted via remote e-voting through NSDL as well as by poll at the venue. The statutory auditors' report contained no qualifications or adverse remarks.

Board restructuring and appointments

Shareholders approved several key resolutions concerning the board's structure. Mrs. Kavita Sheth, a Non-Executive Director, was re-appointed following her retirement by rotation. Additionally, two new Non-Executive Independent Directors were appointed for five-year terms ending in 2031.

The newly appointed independent directors bring specific expertise in corporate governance and compliance:

• Mrs. Dhwani Solanki: A Company Secretary with 14 years of experience in financial governance and statutory compliances.
• Mrs. Shivangi Shah: A Company Secretary with 9 years of experience in corporate law and regulatory compliance.

Both appointees hold no shareholding in the company and have no relationship with existing directors or key managerial personnel.

Auditor re-appointment

The members approved the re-appointment of M/s. DGMS & Co., Chartered Accountants, as Statutory Auditors. Their term will extend from the conclusion of this AGM until the conclusion of the 45th AGM. The remuneration is to be mutually agreed upon between the Board and the auditors. The firm has no relationship with the promoters or directors of the company.

Resolution summary

The following table outlines the primary items transacted during the meeting:

Governance updates

MK Chokshi & Associates served as the scrutinizer for the voting process. The consolidated voting results were scheduled for declaration within two working days of the meeting's conclusion. The meeting concluded at 3:45 pm after addressing member queries regarding annual accounts and operations.

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.