Nanavati Ventures Limited held its 16th Annual General Meeting on September 25, 2026, in Surat, Gujarat. The shareholders adopted the audited financial statements for the fiscal year ended March 31, 2026, and approved key board appointments.

The meeting, chaired by Director Vipulbhai Vachheta, confirmed the requisite quorum before proceeding with the agenda. Remote e-voting facilities were provided through the National Securities Depository Limited (NSDL) from September 22 to September 24, 2026. Members who did not vote electronically were permitted to cast their votes via polling papers during the session.

Board resolutions and appointments

The shareholders passed several ordinary resolutions concerning the company's governance and leadership structure. These included the re-appointment of existing directors and the induction of a new member to the board.

Vipulbhai Vachheta, who retired by rotation, was re-appointed as a director. Additionally, he was appointed as the Managing Director of the company. The shareholders also approved the appointment of Ankitkumar Shah as a director of the company.

Audit and compliance updates

The Chairperson informed members that the Statutory Auditor had not issued any observations, qualifications, or modified opinions on the financial statements. However, the Secretarial Auditor's report contained certain observations which were read out to the members, along with their implications and the Board's explanations as detailed in the Board's Report.

The voting results for all resolutions, including those cast through remote e-voting and polling papers, will be disseminated to the stock exchanges and placed on the company's website in due course. Vivek J. Vakharia & Associates served as the scrutinizer for the voting process.

Nanavati Ventures has scheduled its 16th Annual General Meeting for September 25, 2026, in Surat. The meeting will address key governance changes, including the appointment of a new Managing Director.

The company will hold the meeting at its registered office on the fourth floor of Jin Ratna. Shareholders can participate via remote e-voting from September 22 to September 24, 2026.

Key Agenda Items

The AGM notice outlines four primary items for shareholder approval:

• Adoption of audited financial statements for FY26
• Re-appointment of Vipulbhai Vachheta as a director liable to retire by rotation
• Regularization of Ankitkumar Shah as a director
• Appointment of Vipulbhai Vachheta as Managing Director

Leadership Appointments

The Board proposes appointing Vipulbhai Vachheta as Managing Director for a five-year term starting September 1, 2026. His annual remuneration is set at ₹9.60 lakh, including perquisites.

Mr. Vachheta, who holds a Bachelor of Commerce degree, has over 10 years of experience in marketing. He was initially appointed as an Additional Director on March 10, 2026.

Additionally, shareholders will vote to regularize Ankitkumar Shah as a Non-Executive Director. Mr. Shah, also a commerce graduate, brings over six years of experience in marketing and trading. He joined as an Additional Director on April 9, 2026.

E-Voting Process

Remote e-voting opens at 9:00 am on September 22, 2026, and closes at 5:00 pm on September 24, 2026. The cut-off date for shareholding eligibility is September 18, 2026.

Shareholders holding securities in demat mode with NSDL or CDSL can vote through their respective depository portals. Those holding physical shares must use their folio numbers and EVENs to access the NSDL e-voting system.

Vivek J. Vakharia & Associates has been appointed as the scrutinizer for the voting process. The results will be declared immediately after the conclusion of the AGM.