Net Pix Shorts Digital Media Limited appointed its Managing Director, Ritesh Tiwari, as Chief Financial Officer (CFO) with effect from October 14, 2026. The appointment was approved by the Board of Directors on the same day, following a recommendation from the Nomination and Remuneration Committee.

The decision was taken during a board meeting held at the company’s registered office in Mumbai. The meeting commenced at 5:00 pm and concluded at 5:30 pm. The appointment complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the relevant SEBI circular dated January 30, 2026.

Professional background

Mr. Tiwari brings over 15 years of experience in the fashion industry and direct-to-consumer (D2C) brand creation. His expertise spans exports, large-format retail collaborations, contract manufacturing, e-commerce ventures, brand licensing, and trading. He is noted for having a comprehensive understanding of India’s unorganized retail sector.

Governance and compliance

The appointment details were disclosed to BSE Limited under the mandatory disclosure norms. The terms of appointment are listed as "Not Applicable" in the regulatory filing, and no relationships between directors were disclosed in this context. Danish Zakaria Aghadi, Director of the company, signed the disclosure notice.

Net Pix Shorts Digital Media Limited declared the voting results of its Annual General Meeting held on September 30, 2026, confirming that all 11 proposed resolutions were passed with requisite majority. The meeting, conducted at the company's registered office in Mumbai, saw significant structural changes approved by shareholders.

Key approvals include a special resolution to change the company's name and alter its Memorandum of Association. Additionally, shareholders voted to shift the registered office from Maharashtra to Rajasthan. These moves signal a strategic reorientation for the BSE SME-listed entity.

Leadership and Governance Changes

The board reshuffled key leadership roles through several ordinary resolutions. Danish Zakaria Aghadi, who retired by rotation, was reappointed as a director. However, his designation was changed from Managing Director to Executive Director. Mr. Ritesh Tiwari was regularized as Managing Director and Chairman, while Ms. Alka Tiwari was appointed as Whole-Time Director.

Shareholders also approved material transactions with related parties under Section 188 of the Companies Act, 2013. This resolution saw promoter group votes declared invalid due to interest, leaving public non-institutional holders as the sole voters in favor.

Capital Structure and Administrative Updates

The meeting authorized an increase in the company's authorized share capital, necessitating amendments to the Memorandum of Association. Another significant administrative change involved the re-classification of the promoter and promoter group categories.

Voting Participation Details

What the Numbers Show

Voting data reveals a stark contrast in participation between promoter and public shareholders. While promoters held 23,60,000 shares, they cast zero votes in most resolutions via e-voting or poll, except where they were interested parties (whose votes were then invalidated). Public non-institutional shareholders, holding 8,40,060 shares, polled 2,52,020 votes, representing roughly 30% of their holding. The total valid votes polled across all resolutions stood at 26,12,020, accounting for 81.62% of outstanding shares for standard items, but dropping to 7.87% for the related-party transaction due to promoter exclusion.