Ratnabhumi re-appoints Independent Director for five-year term

Ratnabhumi Developers Limited has announced the re-appointment of Mrs. Avani Rohit Sanghavi as a Non-executive Independent Director for her second consecutive term. The decision was taken during a Board Meeting held on May 21, 2026, based on the recommendation of the nomination and remuneration committee. The appointment is subject to the approval of the company's members.

Mrs. Sanghavi’s tenure will commence on June 7, 2026, and will extend for a period of five years until May 6, 2031. She will not be liable to retire by rotation during this term. The meeting, which commenced at 02:00 PM and concluded at 04:30 PM, formalized this decision pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Profile

Mrs. Avani Rohit Sanghavi holds a Diploma in Electronic Engineering and possesses over five years of experience across various fields. She has been associated with Ratnabhumi Developers Limited since 2021. The company confirmed that she is not debarred by any SEBI order or any other authority.

Appointment Details

The following table outlines the key details regarding the re-appointment:

Sr. No.	Details of the event	Information
1.	Reason for change	Mrs. Avani Sanghavi being re-appointed as Independent Director of the Company for second tenure of Five Consecutive years.
2.	Date of appointment & term	Date of Appointment: 07 June 2026. Term: Five years from 07 June 2026 up to 06 May 2031.
3.	Brief Profile	Mrs. Avani Sanghavi has been in association with the Company since 2021. She holds a Diploma Degree of Electronic Engineering and has more than five years of experience in the various field.
4.	Disclosure of relationships	-NA-
5.	BSE Circular compliance	Mrs. Avani Sanghavi is not debarred by virtue of any SEBI order or any other such authority.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.32%	+11.05%	+19.05%	+32.45%	+198.84%	+355.75%

Ratnabhumi developers Limited has officially certified to BSE Limited that it does not qualify as a 'Large Corporate' under SEBI regulations for the quarter ended 31st March, 2026. The regulatory filing demonstrates the company's compliance with mandatory disclosure requirements under the depositories and participants regulations.

Regulatory Compliance Certificate

The certificate was issued pursuant to SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, and BSE Circular No. LIST/COMP/05/2019-20 dated April 11, 2019. These circulars specifically address fund raising by issuance of debt securities by large entities and establish the criteria for determining 'Large Corporate' status.

Parameter:	Details
Certificate Date:	9th April, 2026
Quarter Ended:	31st March, 2026
Regulation:	SEBI (Depositories and Participants) Regulations, 2018
Specific Provision:	Regulation 74(5)
Status Confirmed:	Non-Large Corporate

Corporate Leadership and Authorization

The certificate was digitally signed by Kaivan Shah, who serves as Chairman & Managing Director of Ratnabhumi Developers Limited. Shah holds DIN 01887130 and provided the formal confirmation that the company does not fulfill the criteria specified in Para 2.2 of the referenced SEBI circular.

Regulatory Framework Context

The SEBI regulations require companies to periodically certify their status regarding the 'Large Corporate' classification. This classification impacts various regulatory requirements, particularly related to debt securities issuance and compliance obligations. Companies that do not meet the specified criteria must formally notify stock exchanges of their non-large corporate status through such certificates.