Nila Spaces Limited Reconstitutes Audit and Stakeholder Relationship Committees

Nila Spaces Limited has announced significant changes to its board committee structure following the resignation of an Independent Director. The company informed stock exchanges about the reconstitution of its Audit Committee and Stakeholder Relationship Committee on 30 March 2026.

Committee Leadership Changes

The reconstitution became necessary after Mr. Amit Chokshi resigned from his position as an Independent Director. In response to this development, the Board of Directors appointed Mr. Shrinjay Joshi as the new Chairperson for both the Audit Committee and Stakeholder Relationship Committee through a Circular Resolution.

Updated Committee Composition

Both committees now maintain identical three-member structures following the reconstitution:

Committee Position:	Member Name
Chairperson:	Shrinjay Shyamal Joshi
Member:	Rajal Bhanukumar Mehta
Member:	Prashant Himatbhai Sarkhedi

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 by informing both BSE Limited and National Stock Exchange of India Limited about these committee changes. Company Secretary Gopi Dave signed the official communication to the stock exchanges.

Committee Functions

The Audit Committee and Stakeholder Relationship Committee serve critical governance functions within the company's organizational structure. The reconstituted committees will continue their oversight responsibilities under the new leadership arrangement, ensuring continuity in corporate governance practices.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.37%	+4.46%	-4.50%	-19.90%	+13.80%	+854.29%

Nila Spaces Limited has announced important updates regarding its credit rating status, informing stock exchanges about the withdrawal of its previous issuer rating and the assignment of a new rating for its bank facilities. The company communicated these developments to both BSE and NSE on February 03, 2026, in compliance with SEBI regulations.

Credit Rating Changes

CARE Ratings Limited has made two significant changes to Nila Spaces Limited's credit profile through separate communications. The rating agency has withdrawn the issuer rating that was previously assigned to the company in November 2024. This withdrawal effectively removes the earlier credit rating from the company's profile.

New Bank Facility Rating

Simultaneously, CARE Ratings Limited has assigned a fresh credit rating specifically for the company's bank facilities. The new rating demonstrates the agency's assessment of the company's creditworthiness for its banking arrangements.

Parameter:	Details
Instrument Type:	Long Term Bank Facilities
Facility Amount:	INR 125.00 Crore
Credit Rating:	CARE BBB; Stable
Rating Action:	Assigned

Regulatory Compliance

The company received the email communications from CARE Ratings Limited on February 02, 2026, at 06:05 p.m. Nila Spaces Limited promptly fulfilled its disclosure obligations by informing both stock exchanges the following day. The notification was made under Regulation 30 of SEBI (Listing Obligation & Disclosure Requirement) Regulations 2015, which mandates timely disclosure of material events.

Communication Details

Company Secretary Gopi Dave signed the regulatory filing sent to the General Manager of BSE's Department of Corporate Services and the Manager of NSE's Listing Department. The company has requested both exchanges to take the rating changes on record and disseminate the information to market participants. Nila Spaces Limited trades on BSE with scrip ID 542231 and on NSE with scrip ID NILASPACES.