Nanavati Ventures Limited announced significant board changes following a meeting held on April 09, 2026, from 06:15 pm to 06:45 pm. The board approved the appointment of a new Additional Director and accepted the resignation of an existing director, both effective immediately.

Board Meeting Decisions

The board of directors, acting on recommendations from the Nomination & Remuneration Committee, approved two significant changes to the board composition under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

New Director Profile

Mr. Ankitkumar Kiritkumar Shah has been appointed as an Additional Director under Section 161 of the Companies Act, 2013. According to the company's regulatory filing, Shah brings experience in the Marketing and Trading Sector for more than 6 years. The appointment follows proper regulatory procedures and there are no disclosed relationships between Shah and other directors of the company.

Director Resignation

Ms. Vaishnavi Mihir Patel submitted her resignation from the directorship position with immediate effect on April 09, 2026. In her resignation letter dated April 09, 2026, Patel expressed gratitude to the company, shareholders, and fellow board members for the opportunity to serve. She thanked all stakeholders for their cooperation, enabling her to perform her duties in the best possible manner.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI LODR Regulations and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015. All required details regarding the board changes have been submitted to BSE Limited for record purposes. The announcement was digitally signed by Director Vipulbhai Vachheta (DIN: 11099302) on April 09, 2026, at 18:57:30 on behalf of Nanavati Ventures Limited.

Nanavati Ventures Limited announced significant leadership changes following a board meeting held on March 10, 2026. The meeting, which commenced at 04:00 pm and concluded at 04:30 pm, resulted in key appointments and a resignation that will reshape the company's management structure.

Board Meeting Outcomes

The board meeting addressed three major personnel changes, all approved based on recommendations from the Nomination & Remuneration Committee. These changes comply with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Managing Director Resignation

Mr. Shreykumar Hasmukhbhai Sheth submitted his resignation from both Director and Managing Director positions, citing personal reasons. His resignation became effective from the closure of working hours on March 10, 2026. In his resignation letter, Sheth expressed gratitude to the company, shareholders, and board colleagues for the opportunity to serve and acknowledged the cooperation received during his tenure.

New Director Appointment

The board appointed Mr. Vipulbhau Vachheta as Additional Director under Section 161 of the Companies Act, 2013. Vachheta brings over 10 years of experience in the marketing field to his new role. The appointment documentation confirms no relationships exist between Vachheta and other directors of the company.

Company Secretary and Compliance Officer

Ms. Neha Jadoun was appointed as Company Secretary under Section 203 of the Companies Act, 2013, and designated as Compliance Officer in accordance with Regulation 6 of the LODR Regulations. At 39 years of age, Jadoun is an Associate member of the Institute of Company Secretaries of India with extensive experience in secretarial operations, legal operations, and corporate matters.

Regulatory Compliance

All appointments and resignations have been processed in accordance with applicable regulations. The company has fulfilled its disclosure obligations under Regulation 30 of the LODR Regulations and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015. The necessary intimations will be made to the Registrar of Companies, stock exchanges, and other requisite authorities.

The leadership transition reflects the company's commitment to maintaining strong governance standards while adapting to changing organizational needs. The new appointments are expected to bring fresh perspectives and expertise to support the company's strategic objectives.