Shivansh Finserve Limited announced that Jignesh Sudhirbhai Shah has resigned from his position as Chief Financial Officer (CFO), effective September 22, 2026. The resignation was submitted to the BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shah cited increasing personal and professional commitments as the primary reason for stepping down. In his communication to the exchange, he stated that these commitments require dedicated attention, making it difficult to continue discharging CFO responsibilities with the necessary focus and dedication.

Resignation Details

The company disclosed specific details regarding the cessation of Shah’s tenure in compliance with SEBI Circular CIR/CFD/CMD/4/2015. The key details are outlined below:

The filing indicated that a brief profile and disclosures regarding relationships between directors were not applicable for this intimation.

Company Response

Shivansh Finserve placed on record its deep appreciation for the valuable contributions made by Shah during his tenure. The notice was signed by Hiren Kishor Patel, Director of the company, digitally on September 22, 2026, at 7:30 pm IST. The company requested the exchange to take the information on record and update its website accordingly.

Shivansh Finserve Limited has revised its historical shareholding patterns to reflect a complete absence of promoter holding. Following a review of records, the company confirmed that three individuals were reclassified from the promoter category to the public category effective July 2017.

The correction addresses a discrepancy where Registrar and Share Transfer Agent (RTA) records failed to reflect an approval letter issued by BSE Limited on July 6, 2017. This letter authorized the reclassification of Jignesh Sudhirbhai Shah, Kishorbhai Dholakiya, and Jayshreeben Dholakiya. Consequently, previous filings continued to show these individuals under the erstwhile promoter classification despite the regulatory approval.

Revised Shareholding Structure

The Board of Directors resolved to correct the shareholding patterns filed with stock exchanges for all quarters from June 2017 up to the latest filing. The revision ensures that statutory disclosures accurately align with the reclassification approved by BSE Limited.

What the Numbers Show

The data reveals that the promoter group held only 1.03% of the total equity prior to the reclassification. With the reclassification of these three individuals to the public category, the company’s ownership structure shifts entirely to the public domain. There is no longer a distinct promoter or promoter group entity in the company’s capital structure as per the revised filings.

Regulatory Compliance and Next Steps

Shivansh Finserve stated it will coordinate with its RTA to submit the corrected shareholding patterns in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that this corrective exercise aims to ensure accurate reflection of shareholder status in all statutory records. Further disclosures or clarifications may be provided to BSE Limited if required.