Simandhar Impex director Mehul Shah resigns from board

Simandhar Impex Limited accepted the resignation of Mr Mehul Abhaykumar Shah as a Non-executive Non-Independent Director effective June 06, 2026. The resignation was approved by the Board of Directors during its meeting held on June 06, 2026. Mr Shah cited pre-occupation with other work as the primary reason for his inability to devote sufficient time to the company's affairs.

The disclosure was made to BSE Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Mr Shah has verified there are no other material reasons for his resignation beyond those stated in his letter.

Details of Resignation

The following table outlines the particulars of the director's cessation:

Sr.no.	Particulars	Details
1	Name	Mr Mehul Abhaykumar Shah
2	DIN	09806622
3	Category	Non-executive Non-Independent Director (Professional Category)
4	Date of Cessation	June 06, 2026 (end of business hours)
5	Reason	Resignation due to pre-occupation with other work

Mr Shah holds one other directorship at Parshva Enterprises Limited as a Non-executive Non-Independent Director in the Professional Category. He does not hold any memberships on board committees at that entity. The filing was signed by Prashant Avantil Vora, Managing Director of Simandhar Impex Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.99%	+11.36%	+11.39%	+626.16%	+626.16%	+626.16%

Simandhar Impex Limited has undergone a change in management control after Farmico International Private Limited acquired a majority stake. The acquirer completed the purchase of 22,81,615 equity shares, representing 74.64% of the paid-up equity share capital, on May 21, 2026. This transaction was executed in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Change in Management Control

Effective June 6, 2026, the acquirer assumed management control of the company following the appointment of its nominees to the Board. Mr. Lalit Naresh Nagdev and Mr. Amit Suresh Ninawe were appointed as Additional Executive Directors (Professional Category). Consequently, Farmico International Private Limited and Mr. Chandraprakash Wadhvani, the person in control of the acquirer, are now classified as Promoters of the company.

Board Appointments

The newly appointed directors bring extensive financial and regulatory experience to the Board. Their appointments were disclosed under Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director	Date of Appointment	Background
Mr. Lalit Naresh Nagdev	June 6, 2026	Chartered Accountant with over 9 years of experience in finance, banking, audit, and regulatory compliance.
Mr. Amit Suresh Ninawe	June 6, 2026	Chartered Accountant with over 13 years of experience in finance, taxation, and project finance.

Regulatory Disclosures

The company confirmed that neither of the newly appointed directors is related to any existing Directors, Key Managerial Personnel, or Promoters. Furthermore, both individuals are not debarred from holding the office of Director by any SEBI order or other authority, as per BSE Circular no. LIST/COMP/14/2018-19 dated June 20, 2018.