Parshva enterprises Limited has announced a significant board-level change following its meeting on April 8, 2026. The company's board of directors approved the re-designation of Mr. Harsh Prashant Vora from Executive Director to Non-Executive Non-Independent Director, effective from the close of business hours on the same date.

Board Meeting Details and Regulatory Compliance

The board meeting was conducted on April 8, 2026, from 17.30 p.m. to 18.05 p.m., where directors deliberated on important organizational matters. Based on the recommendation of the Nomination and Remuneration Committee, the board unanimously approved the re-designation proposal. The company has communicated this decision to BSE Limited under Security Code No. 542694, ensuring full compliance with regulatory requirements.

Director Profile and Qualifications

Mr. Harsh Prashant Vora brings substantial expertise to his new role as a second-generation entrepreneur who has been associated with the company since its incorporation. He has been instrumental in assisting the Managing Director in gems and jewellery business operations. His professional qualifications include a graduate degree from the University of Mumbai and an MBA from NMIMS, with specialization in accounts and book keeping. He possesses over 8 years of experience in the gems and jewellery sector.

Family Connection and Governance Structure

The re-designation involves a family member, as Mr. Harsh Prashant Vora is the son of Mr. Prashant A. Vora, who serves as the company's Managing Director with DIN 06574912. The company has confirmed that Mr. Harsh Prashant Vora is not debarred from holding the office of director by virtue of any order from SEBI or other governmental authorities, as required under BSE Circular ref. no. LIST/COMP/14/2018-19.

Regulatory Disclosures

The announcement was made in strict compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with relevant provisions of paragraph A of Part A of Schedule III to the Listing Regulations. The disclosure also adheres to SEBI circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 issued on November 11, 2024, ensuring complete transparency with stakeholders and regulatory authorities. The formal communication was signed by Managing Director Prashant Vora and submitted to BSE Limited's Department of Corporate Services.

Parshva Enterprises Limited has formally submitted the voting results of its postal ballot process to BSE Limited, following the successful approval of authorized share capital increase from Rs. 10.50 crore to Rs. 15 crore. Managing Director Prashant Vora communicated the completion of the postal ballot process to BSE on February 21, 2026, in compliance with Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

BSE Submission and Regulatory Compliance

The company has submitted comprehensive documentation to BSE Limited including the voting results and scrutinizer report. The submission confirms that shareholders approved the ordinary resolution with requisite majority through the postal ballot process conducted via remote e-voting:

Voting Results and Shareholder Participation

The postal ballot witnessed overwhelming shareholder support with detailed voting statistics demonstrating strong confidence in the company's capital structure enhancement:

The voting process concluded on February 21, 2026, with 99.99999% votes cast in favor of the resolution and only 4 votes against, representing 0.0001% of total votes polled.

Scrutinizer Report and Process Validation

Jenish S. Doshi of JSD & Associates, Company Secretaries, served as the appointed scrutinizer and submitted a consolidated report confirming the validity of the postal ballot process. The scrutinizer report validates that all procedural requirements under Section 108 of the Companies Act, 2013, and Rule 21(2) of the Companies (Management and Administration) Rules, 2014, were properly followed:

Capital Structure Enhancement Details

The approved resolution enables a substantial increase in the company's authorized share capital structure:

Documentation and Disclosure

In accordance with regulatory requirements, the company has made all related documents available on its website at www.parshvaenterprises.co.in and on NSDL's e-voting portal. The formal submission to BSE includes the complete voting results, scrutinizer report, and confirmation of compliance with all applicable regulations under the Companies Act, 2013, and SEBI guidelines.