Rajkot Investment Trust Limited appointed Arun Sharma as Joint Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective October 1, 2026.

The appointment was approved during the fourth board meeting of the fiscal year 2026-27, held on October 1, 2026. The decision followed recommendations from the company's Nomination and Remuneration Committee and Audit Committee.

Profile of the new appointee

Sharma is a Chartered Accountant who completed his qualification in 1989. He also holds an LLB degree from the University of Calcutta, obtained in the same year. His career began as a finance controller at a listed company, where he built extensive expertise in financial management.

The disclosure highlights his two decades of experience in specialized areas including:

• Loan syndication
• Mergers and acquisitions
• Takeovers
• Valuation of movable and immovable properties

He has served as a key advisor to various listed companies regarding takeovers and mergers.

Governance details

The appointment was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 4:30 pm and concluded at 5:00 pm on the date of the announcement. No relationship between directors was disclosed for this appointment.

Rajkot Investment Trust Limited shareholders unanimously approved all three resolutions proposed at its 44th Annual General Meeting held on September 29, 2026. The meeting, conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM), saw the adoption of FY26 financials and the shifting of the registered office from Rajkot to Surat.

Voting Results and Scrutiny

The consolidated voting results, disclosed under Regulation 44(3) of SEBI (LODR) Regulations, 2015, confirmed that all resolutions were passed with 100% votes in favour. A total of 249 members cast their votes through remote e-voting, representing 219,319 votes. No votes were cast against any resolution, and there were no invalid or abstained votes.

The scrutinizer for the meeting was CS Prashant Kulshrestha of JKPA & Associates. The electronic votes were unblocked on September 29, 2026, at 3:37 pm in the presence of two witnesses, Mr. Dinesh Prajapat and Mr. Abhishek Jhavar, who are not employees of the company.

Key Resolutions Passed

The following business items were transacted and approved:

The special resolution regarding the shifting of the registered office approved the move from "526 Star Chambers Harihar Chowk Rajkot, Gujarat-360001" to "M-23, Super Tex Tower Opposite Kinney Talkies, Ring Road, Surat-395002".

Meeting Proceedings and Attendance

The meeting commenced at 3:05 pm and concluded at 3:20 pm. While the existing article noted 36 members attended the virtual session, the final voting data indicates that 249 members participated in the voting process via remote e-voting facilities available from September 26 to September 28, 2026. The total number of shareholders on the record date of September 22, 2026, stood at 1,057.

Mr. Akhileshkumar Chaudhary, Chairman and Director, presided over the session. The Board of Directors, including Managing Director Mr. Shrikrishna Baburam Pandey and Independent Directors Mrs. Renu Manendra Singh and Mr. Bhavin Kumar Thakkar, were present via VC.

Management Response

Registered speaker members were invited to raise queries regarding the business items. Mr. Arun Sharma, Joint Chief Financial Officer, addressed the questions raised by shareholders. The management stated that members expressed satisfaction with the clarifications provided before the meeting was adjourned.