Naapbooks Limited has accepted the resignations of Sunit Shah and Puja Kasera as Independent Directors on its board, effective July 08, 2026. The resignations were submitted due to the directors' preoccupation and other professional commitments, which prevent them from devoting the requisite time to their duties. Their current tenure was scheduled to conclude on September 12, 2026.

The disclosures were made to BSE Limited pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both directors confirmed that there are no other material reasons for their resignations beyond the stated professional commitments.

Resignation Details

Sunit Shah (DIN: 08074335) resigned from the position of Independent Director, including his membership and chairmanship of all board committees. He was appointed on September 13, 2021. In his resignation letter, Shah cited increased responsibilities from personal business ventures and advisory assignments as reasons for stepping down.

Puja Kasera (DIN: 09327558) also resigned from the post of Independent Director, effective from the close of business hours on July 08, 2026. She was appointed on the same date as Shah. Kasera cited other professional commitments as the reason for her resignation.

Board Committee Roles

Prior to their resignation, the directors held key positions on various board committees of Naapbooks Limited.

The company has stated that neither director holds directorships or board committee memberships in any other listed entity besides Naapbooks Limited. The board has been requested to file the necessary intimations with the stock exchanges and the Registrar of Companies.

Naapbooks Limited shareholders approved the reappointment of Mr. Yaman Saluja as Whole-Time Director for a period of five years and sanctioned revised remuneration for its top leadership at an Extra-Ordinary General Meeting (EGM) held on June 24, 2026. The meeting, chaired by Mr. Ashish Jain, passed four special resolutions via poll regarding the remuneration and tenure of its directors. These decisions ensure the continuity of the current management structure and align executive compensation with the company's strategic goals.

The EGM was conducted physically at the registered office of Naapbooks Limited in Ahmedabad. Mr. Yaman Saluja, Whole-Time Director, confirmed the requisite quorum and introduced the panelists, including Mr. Nirav Soni, Proprietor of M/s Nirav Soni & Co., who served as the scrutinizer for the voting process. The poll was demanded by promoters Mr. Yaman Saluja and Mr. Ashish Jain, who hold 6.58% and 11.08% of the total paid-up share capital respectively.

Voting was conducted through poll papers under Section 109 of the Companies Act, 2013. Members whose names appeared in the Register of Members or Register of Beneficial Owners as of the cut-off date, Friday, June 19, 2026, were entitled to vote. The scrutinizer oversaw the process, ensuring compliance with regulatory requirements before the results were declared.

All four special resolutions tabled at the meeting received shareholder approval. The resolutions covered the reappointment of Mr. Yaman Saluja and the revision of remuneration for Mr. Yaman Saluja, Mr. Ashish Jain, and Mr. Abhishek Jain. The detailed outcomes of the resolutions are as follows:

The proceedings of the EoGM will be available on the company's website and have been submitted to the stock exchanges in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. The meeting concluded at 04:45 P.M. (IST) after the formal adoption of the resolutions.