Heads up ventures Limited has announced the resignation of its Company Secretary and Compliance Officer, marking a significant change in the company's key management personnel. The development was communicated to stock exchanges on February 23, 2026, in compliance with regulatory disclosure requirements.

Resignation Details

Ms. Shital Mohanlal Baranwal tendered her resignation from the position of Company Secretary and Compliance Officer due to personal reasons. The company accepted her resignation, with her relief from duties effective from the closing of working hours on February 04, 2026.

Company's Retention Efforts

The company disclosed that there was a delay in announcing the resignation due to active discussions aimed at retaining Ms. Baranwal's services. The management emphasized the critical nature of her role and ongoing business requirements as factors that prompted these retention efforts.

According to the company's statement, Ms. Baranwal had initially agreed to continue serving the organization. However, she later cited medical issues and took leave from service. Despite the company's continued efforts, she remained firm on her decision to step down, leading to the formal disclosure to stock exchanges.

Regulatory Compliance

The resignation announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company provided all required details as specified under the regulations, including references to SEBI Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The formal resignation letter was submitted on February 04, 2026, from Ahmedabad, requesting that notice be given to the Registrar of Companies and that the Board of Directors be informed at their ensuing meeting. The company has fulfilled its obligation to maintain transparency with stakeholders through timely disclosure to BSE Limited and The Calcutta Stock Exchange Limited.

Heads Up Ventures Limited announced significant board changes with the appointment of two Additional Executive Non Independent Directors at its board meeting held on February 23, 2026. The company informed stock exchanges about these strategic appointments under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement Regulations, 2015).

Board Appointments

The board of directors approved two key appointments based on the recommendation of the Nomination and Remuneration Committee:

Director Profiles

Mr. Ayush Patel

Mr. Ayush Patel brings youthful dynamism and entrepreneurial vision to the board. Key highlights of his profile include:

• Completed graduation in 2022 from Gujarat University
• Born on May 30, 2003, representing new generation business leadership
• Actively involved in planning, business development, and strategic decision-making
• Possesses strong academic background with business-oriented mindset
• Contributes towards company growth and expansion initiatives

Ms. Vaishali Patel

Ms. Vaishali Patel brings practical business experience and operational expertise to the organization:

• Experienced businesswoman with leadership capabilities
• Born on May 16, 1988, bringing maturity and stability to operations
• Actively engaged in managing and supervising business operations
• Plays important role in administrative and financial oversight
• Associated with business activities contributing to smooth functioning and long-term development

Regulatory Compliance

The company confirmed that both appointees have provided necessary confirmations regarding their eligibility:

• Neither director is related to any existing directors of the company
• Both are not debarred from holding office by any SEBI order or other regulatory authority
• All required information under Regulation 30 has been provided to stock exchanges

The appointments reflect the company's commitment to strengthening its board composition with experienced professionals who can contribute to strategic growth and operational excellence.