EFORU Entertainment Limited (formerly Tavernier Resources Limited) has announced a significant leadership transition with the appointment of Mr. Prashant Kanubhai Modi as Chief Executive Officer, effective February 12, 2026. The Board of Directors approved this strategic change during their meeting on February 11, 2026, marking a new chapter in the company's leadership structure.

CEO Appointment and Regulatory Compliance

The Board of Directors approved the change in designation of Mr. Prashant Kanubhai Modi (DIN No: 06998991) from Non-Executive Non-Independent Director to Chief Executive Officer. The transition process involved Modi's resignation from his directorial position with effect from the closing business hours of February 11, 2026, followed by his appointment as CEO from February 12, 2026.

The appointment was made based on the recommendation of the Nomination and Remuneration Committee. Modi brings over 15 years of experience in sales and marketing to his new role, possessing requisite qualifications, skills, and demonstrated expertise in business operations, strategic leadership, and corporate governance.

Regulatory Documentation and Compliance

The company has ensured full compliance with regulatory requirements for the leadership change. Modi has provided written consent to act as Chief Executive Officer and confirmed that he is not disqualified under any provisions of the Companies Act, 2013. In accordance with BSE Circular Reference No. LIST/COMP/14/2018-19, he has confirmed that he is not debarred from holding the office of Chief Executive Officer by any regulatory authority including SEBI.

The leadership transition complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the company has submitted all requisite documentation to BSE Limited.

Corporate Structure and Governance

Modi is not related to any other Director of the Company and holds 450 shares in EFORU Entertainment Limited. The Board meeting was conducted at the company's registered office at A 37, Capital Commercial Centre, Near Sanyas Ashram, Opp Townhall, Ashram Road, Ahmedabad, Gujarat. The meeting was presided over by Whole Time Director Mokshaben Ravjibhai Patel (DIN: 10712712), who signed the regulatory intimation.

Company Operations and Contact Information

EFORU Entertainment Limited operates under CIN: L59111GJ1994PLC170267 and maintains its registered office in Ahmedabad, Gujarat. The company can be contacted at +919558674210 and infoe4uindia@gmail.com , with its website at www.tavernier.in . The leadership change represents a strategic move to strengthen the company's operational capabilities under Modi's experienced guidance in sales and marketing domains.

Silverstone Consultancy Services Private Limited has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, announcing its increased stake in Tavernier Resources Limited. The acquisition represents a strategic move by the Mumbai-based consultancy firm to expand its investment portfolio.

Transaction Details

The acquisition involved the purchase of 50,000 equity shares through open market transactions on February 4, 2026. This transaction increased Silverstone's shareholding percentage in Tavernier Resources from 1.92% to 2.76% of the total share capital.

Company Information

Tavernier Resources Limited trades on BSE Limited with scrip code 531190. The company maintains a stable equity structure with no changes to its share capital following this transaction.

Acquirer Profile

Silverstone Consultancy Services Private Limited, incorporated in 2015, operates from Mumbai's Andheri East business district. The company is classified as a non-promoter entity in relation to Tavernier Resources Limited. The disclosure was signed by Sheetal Bairagra, Director with DIN 00930264, confirming the company's compliance with regulatory requirements.

Regulatory Compliance

The transaction falls under SEBI's substantial acquisition disclosure requirements, necessitating public notification when shareholding crosses specific thresholds. Silverstone has fulfilled its regulatory obligations by filing the prescribed format detailing the acquisition parameters and post-transaction shareholding structure. The disclosure confirms no encumbrances, warrants, or convertible securities are involved in this transaction.