Growington Ventures India Limited Announces Resignation of Independent Director Mr. Abhimanyu Kumar

Growington ventures India Limited has formally announced the resignation of Independent Director Mr. Abhimanyu Kumar, effective January 20, 2026. The company disclosed this development to BSE Limited on January 21, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Resignation Details and Board Meeting

The Board of Directors recorded Mr. Abhimanyu Kumar's resignation (DIN: 01497152) during their meeting held on January 21, 2026. The board meeting commenced at 12:30 PM and concluded at 1:30 PM. The resignation became effective from January 20, 2026, as per the director's resignation letter.

Parameter:	Details
Director Name:	Mr. Abhimanyu Kumar
DIN:	01497152
Effective Date:	January 20, 2026
Board Meeting Date:	January 21, 2026
Meeting Duration:	12:30 PM to 1:30 PM

Committee Memberships Affected

Following his resignation as Independent Director, Mr. Kumar will cease to be a member of multiple board committees. His departure impacts the composition of several key governance bodies within the company.

The affected committees include:

Audit Committee
Nomination and Remuneration Committee
Stakeholders Relationship Committee
Risk Management Committee
Sexual Harassment Committee

Reason for Resignation

According to the resignation letter received from Mr. Abhimanyu Kumar, the resignation was made due to personal and unavoidable circumstances. The director provided confirmation that there are no other material reasons beyond those stated in his resignation letter, as required under SEBI regulations.

Disclosure Requirement:	Information
Reason for Change:	Resignation due to personal and unavoidable circumstances
Date of Cessation:	January 20, 2026
Other Material Reasons:	None confirmed
Other Listed Entity Directorships:	None

Regulatory Compliance

The company has fulfilled all disclosure requirements under Regulation 30 of SEBI LODR regulations and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015. The resignation letter along with detailed reasons has been enclosed with the regulatory filing. The company has also uploaded this intimation on its website at www.growington.in .

The Board acknowledged Mr. Kumar's resignation through a formal letter dated January 21, 2026, expressing appreciation for his association with the company and the support rendered during his tenure. Company Secretary and Compliance Officer Sunita Gupta Maskara (M. No. 57186) signed the regulatory disclosure, while Director Vikram Bajaj (DIN: 00553791) signed the acknowledgement letter to the resigning director.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.90%	+4.23%	-9.76%	-44.78%	-67.97%	-55.42%

Growington Ventures India Limited , a company specializing in fruit trading, has reported no deviation in the utilization of funds raised through its recent rights issue. The company successfully raised Rs 48.17 crore on June 23, 2025, by offering equity shares at Re 1 per share in a 3:1 ratio to existing shareholders.

Fund Allocation and Utilization

The funds raised were allocated for three primary purposes:

Augmenting working capital requirements: Rs 36.95 crore
General corporate purposes: Rs 10.47 crore
Issue-related expenses: Rs 0.75 crore

As of June 30, 2025, Growington Ventures has utilized Rs 9.33 crore across these categories, adhering strictly to the original objectives stated in the offer document. The company's Audit Committee has approved the rights issue after reviewing management representations and the company's financial position.

Transparency and Compliance

In line with regulatory requirements, Growington Ventures submitted a statement to the BSE Limited on July 25, 2025, confirming no deviation in fund utilization. This report, filed under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrates the company's commitment to transparency and regulatory compliance.

Financial Performance

The company also released its unaudited standalone financial results for the quarter ended June 30, 2025:

Particulars	Q1 FY2026 (Rs in lakhs)	Q1 FY2025 (Rs in lakhs)	YoY Change
Revenue from Operations	1,581.45	643.34	+145.8%
Total Income	1,599.11	661.64	+141.7%
Profit Before Tax	200.76	111.77	+79.6%
Profit After Tax	149.35	82.71	+80.6%

The company has shown significant year-over-year growth in both revenue and profitability for the first quarter of the fiscal year 2026.

Management Commentary

Mukesh Patwa, Whole Time Director of Growington Ventures India Limited, stated, "We are pleased to report that the funds raised through our rights issue are being utilized as per the objectives outlined in our offer document. This adherence to our stated goals reflects our commitment to responsible financial management and transparency."

The company's board of directors approved these financial results and the statement of fund utilization in a meeting held on July 25, 2025. With the successful completion of the rights issue and the strategic deployment of funds, Growington Ventures India Limited appears well-positioned for continued growth in the fruit trading sector.