Univa Foods Limited Announces Board Changes with New Independent Director Appointments
Univa Foods Limited has restructured its Board of Directors by appointing Mr. Jignesh Keshav Barot and Ms. Rinku Saini as Additional Non-Executive Independent Directors for five-year terms from April 02, 2026 to April 01, 2031. Simultaneously, the company accepted resignations of Mr. Sachin Shivaji Wagh and Mrs. Kinjal Gandhi effective April 01, 2026, due to personal reasons. The changes were approved following Nomination and Remuneration Committee recommendations and comply with SEBI regulatory requirements.
*this image is generated using AI for illustrative purposes only.
Univa Foods Limited has announced major changes to its Board composition following a meeting held on April 02, 2026. The company has appointed two new Independent Directors while accepting the resignations of two existing board members, marking a significant transition in its corporate governance structure.
New Director Appointments
The Board of Directors approved the appointment of two Additional Non-Executive Independent Directors for five-year terms:
| Director Details: | Mr. Jignesh Keshav Barot | Ms. Rinku Saini |
|---|---|---|
| DIN: | 08184643 | 11059678 |
| Appointment Date: | April 02, 2026 | April 02, 2026 |
| Term Duration: | 5 years | 5 years |
| Term End Date: | April 01, 2031 | April 01, 2031 |
Mr. Jignesh Keshav Barot brings legal expertise to the Board as a law graduate from Mumbai University with specialized knowledge in corporate law and regulatory compliance. He currently holds directorships in Saptak Chem and Business Limited and Harmony Capital Services Limited.
Ms. Rinku Saini is described as a dynamic professional with extensive experience as a consultant and advisor to top-tier companies. Known for her deep expertise and polished interpersonal skills, she brings strategic approach complemented by exceptional emotional intelligence and strong communication abilities. Her portfolio includes directorships in multiple entities including Kome-On Communication Ltd, Saptak Chem And Business Limited, Jyotirgamya Enterprises Limited, Hem Holdings And Trading Ltd, Covidh Technologies Limited, and Sidh Automobiles Limited.
Board Resignations
The company simultaneously accepted resignations from two Independent Directors effective April 01, 2026:
| Departing Directors: | Details |
|---|---|
| Mr. Sachin Shivaji Wagh: | DIN: 01056774 |
| Mrs. Kinjal Gandhi: | DIN: 09376071 |
| Resignation Date: | April 01, 2026 |
| Reason: | Personal reasons |
Both departing directors confirmed in their resignation letters that there were no material reasons for their departure beyond personal circumstances. Their resignations also result in cessation of their membership from various Board Committees.
Regulatory Compliance
The appointments were made following recommendations from the Nomination and Remuneration Committee and remain subject to approval from the company's shareholders. Both new appointees have been confirmed as not being debarred from holding directorial positions by SEBI or any other regulatory authority.
The Board meeting, which addressed these changes, commenced at 03:45 p.m. and concluded at 04:15 p.m. on April 02, 2026. All disclosures have been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with detailed annexures providing comprehensive information about the appointments and resignations as required under regulatory guidelines.
What strategic initiatives might Univa Foods pursue with the new directors' legal and consulting expertise?
How will the board restructuring impact Univa Foods' corporate governance ratings and investor confidence?
Could these appointments signal preparation for potential mergers, acquisitions, or regulatory challenges in the food industry?
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