3B Films Limited announced key board changes following regulatory disclosure under Regulation 30 of SEBI Listing Regulations. The company informed the Bombay Stock Exchange about director resignation and appointment with detailed timeline and reasons.

Board Composition Changes

The board addressed significant directorship changes with specific effective dates. Mr. Chintan Hemantkumar Joshi (DIN: 10513766) resigned from his position as Non-Executive Independent Director effective Monday, February 16, 2026. Subsequently, the board appointed Mr. Nabil Ansari (DIN: 11546886) as the new Non-Executive Independent Director effective Wednesday, February 18, 2026.

Resignation Details

Mr. Chintan Hemantkumar Joshi, a Practicing Chartered Accountant with his own practice since 2012, submitted his resignation letter on Thursday, February 13, 2026. He cited increased professional commitments and the growth of his industry practice as reasons for his decision. In his resignation communication, he expressed gratitude for the trust and confidence reposed in him during his tenure and wished the company continued success.

New Director Profile

Mr. Nabil Ansari brings substantial corporate governance expertise to the board as a qualified Company Secretary (ACS 79645). He currently serves as Company Secretary & Compliance Officer at an SME Listed Company and has prior practical training and experience at Practicing Company Secretaries Firm in Vadodara.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Chairman & Managing Director Mr. Ashokbhai Dhanjibhai Babariya (DIN: 03363509) signed the official communication to BSE Limited, ensuring proper regulatory compliance for the management changes.

The company maintains its registered office at SF 220 Pancham Icon, Besides D-Mart, Vasna Road, Vadodara 390007, Gujarat, with corporate operations at Block No 1241-1244, Padra Jambusar Highway, Masar, Padra, Vadodara 391421, Gujarat. The appointment letter outlines comprehensive terms including independence criteria, board committee participation, and performance evaluation processes.

3B Films Limited has officially communicated to BSE Limited regarding the non-applicability of Corporate Governance Report requirements for the quarter ended December 31, 2025. The company, which operates under CIN U25200GJ2014PLC080685 and trades on the BSE SME Platform with scrip code 544412, made this declaration in accordance with specific SEBI regulations governing small and medium enterprises.

Regulatory Framework and Exemption

The exemption is based on Regulation 15(2)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which provides relief to companies listed on SME platforms from certain corporate governance requirements. Under this provision, 3B Films Limited is exempt from complying with Regulations 17 to 27 and clauses (b) to (i) of Regulation 46(2), all of which relate to Corporate Governance obligations.

Company Information and Communication

The formal declaration was submitted to BSE Limited on January 24, 2026, and was digitally signed by Urvi Poriya, who serves as the Company Secretary and Compliance Officer with membership number A77562. The company maintains its registered office at SF 220 Pancham Icon, Besides D-Mart, Vasna Road, Vadodara, Gujarat, while its corporate and factory operations are based at Block No 1241-1244, Padra Jambusar Highway, Masar, Padra, Vadodara.

SME Platform Compliance Requirements

Companies listed on BSE SME Platform benefit from relaxed regulatory requirements compared to main board listings, particularly in corporate governance reporting obligations. This exemption allows smaller companies to focus on business operations while maintaining essential compliance standards appropriate to their scale and market segment.

The declaration serves as an official record for regulatory compliance and ensures transparency with stakeholders regarding the company's reporting obligations under current SEBI regulations for SME platform companies.