Radhika Jeweltech Ltd has appointed Dholakiya Dipakkumar Natwarlal and Preetiben Bakulbhai Fichadia as Additional Non-Executive Independent Directors, effective July 22, 2026. The appointments, subject to shareholder approval, are for a term of five years from the date of appointment. The decision strengthens the company's board governance with experienced professionals from the jewellery sector.

The board meeting, held at the registered office, also approved the cessation of Natwarlal Vachhraj Dholakia and Pravinaben Anantrai Geria as Independent Directors. Their cessation will take effect upon the completion of their respective tenures. The meeting was based on the recommendation of the Nomination and Remuneration Committee.

Details of Appointments

The newly appointed directors bring significant industry experience to the company. Dholakiya Dipakkumar Natwarlal is a well-known businessman with 34 years of experience in the gold and diamond jewellery business. Preetiben Bakulbhai Fichadia also possesses 34 years of experience in the same sector. Neither appointee is related to any existing director of the company.

Board Composition Changes

The disclosures regarding these appointments were made in accordance with Regulation 30(6) read with Para A (7) of Part A of Schedule III of the SEBI Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023. The intimation was signed by Ashokkumar M. Zinzuwadia, Managing Director of Radhika Jeweltech Ltd.

Radhika Jeweltech has confirmed that its promoters have not made any encumbrance of shares, directly or indirectly, during the financial year ended March 31, 2026. This disclosure ensures that the shareholding structure remains free from pledges or liens, providing stability to the company's equity base. The confirmation was submitted to the stock exchanges in compliance with regulatory requirements.

The disclosure was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The filing, signed by Managing Director Ashokkumar M. Zinzuwadia, was addressed to both BSE Limited and the National Stock Exchange of India Ltd. The document serves as a formal declaration regarding the status of shares held by the promoters and the promoter group.

Key Disclosures

The promoters explicitly declared that no shares were encumbered throughout FY26. Furthermore, they confirmed that as of the fiscal year-end, the total number of shares encumbered or pledged by them remained at zero. This status indicates that the promoters' holdings are fully unencumbered.

The submission was made on April 9, 2026, and requested the exchanges to acknowledge the disclosure and place it on record. Ashokkumar M. Zinzuwadia, in his capacity as Managing Director and Promoter, validated the declaration on behalf of the promoters and the persons acting in concert.