Ghushine Fintrrade Ocean Limited has informed BSE Limited about the resignation of its Independent Director Mrs. Bhaviniben Jagdishbhai Lankapati, effective February 03, 2026. The company made this disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Resignation Details

Mrs. Bhaviniben Jagdishbhai Lankapati (DIN: 07315285) submitted her resignation as Independent Director due to personal reasons. The resignation became effective from February 03, 2026, as per her resignation letter dated the same day.

Board Committee Positions

Along with her directorship, Mrs. Lankapati also resigned from her membership positions in multiple board committees. She served as a member of three key committees of the company.

The committees from which she stepped down include:

• Audit Committee
• Nomination and Remuneration Committee
• Stakeholders Relationship Committee

Board Meeting and Disclosure

The Board of Directors convened a meeting on February 03, 2026, to formally note Mrs. Lankapati's resignation. The company disclosed the outcome of this board meeting, including the acceptance of her resignation, to the stock exchanges on the same day.

Mrs. Lankapati confirmed in her resignation letter that there were no material reasons for her resignation other than the personal reasons stated. She also disclosed that she held no directorships in any other listed entities at the time of her resignation.

Regulatory Compliance

The company submitted all required disclosures under Regulation 30 of the SEBI LODR Regulations, including detailed annexures as mandated by SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The resignation letter and supporting documentation were enclosed with the regulatory filing to BSE Limited.

Ghushine Fintrade Ocean Limited announced comprehensive corporate restructuring decisions following its Board of Directors meeting held on February 03, 2026. The board approved multiple strategic initiatives aimed at business expansion and operational enhancement, all subject to shareholder approval through postal ballot.

Business Expansion Through MOA Amendments

The board approved significant alterations to the company's Main Object Clause by inserting two new clauses to expand business operations. The amendments enable the company to enter renewable and clean energy generation, including solar power projects, EPC/EPCC activities, energy storage systems, and power trading. Additionally, the company can now undertake agro-based and food processing, manufacturing, trading, and allied activities.

Authorised Share Capital Enhancement

The board sanctioned a substantial increase in the company's authorised share capital to support future growth initiatives. The capital structure modification requires shareholder approval in the upcoming postal ballot meeting.

Leadership and Governance Changes

The board addressed key personnel transitions to strengthen corporate governance. Mrs. Bhaviniben Jagdishbhai Lankapati (DIN: 07315285) resigned from her position as Independent Director effective February 03, 2026. The board acknowledged her valuable contributions during her tenure.

Subsequently, the board approved the appointment of Mr. Sagar Kumbhani (DIN: 00809110) as Non-Executive Independent Director for a five-year term from February 03, 2026, to February 02, 2031. Mr. Kumbhani brings over 25 years of extensive experience in construction and building sectors, holding a Bachelor of Commerce degree from Veer Narmad South Gujarat University.

Statutory Auditor Transition

The board managed a transition in statutory auditors following the resignation of the existing firm. M/s. APMM & Co., Chartered Accountants (Firm Registration Number: 147804W), tendered their resignation dated January 27, 2026, citing pre-occupation with other professional assignments.

The board appointed M/s. A R G S & Associates, Chartered Accountants (FRN: 104035W) to fill the casual vacancy. The new auditor will serve from February 03, 2026, until the conclusion of the ensuing Annual General Meeting in 2026.

Additional Approvals

The board approved the appointment of Mr. Abbas Jawadwala, Practising Company Secretary (Membership no. 40723), as Scrutinizer for conducting the postal ballot process. The board also approved the postal ballot notice for seeking member approval on the aforementioned matters. All proposed changes require shareholder approval through the postal ballot mechanism as per applicable regulations.

The board meeting commenced at 03:30 P.M. and concluded at 04:30 P.M., with all decisions made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.