Heads Up Ventures Limited , a company listed on Indian stock exchanges, announced a significant change in its board composition. Mr. Akash Jitendrakumar Patel has resigned from his position as Non-Executive and Independent Director, effective November 14, 2025.

Resignation Details

Mr. Patel cited pre-occupation with other professional assignments as the reason for his departure. In his resignation letter, he stated that due to his commitments to other professional assignments, he is no longer able to devote sufficient time to the affairs of Heads Up Ventures Limited.

Impact on Board Composition

The resignation of Mr. Patel affects the company's board structure, particularly in terms of its independent oversight. Mr. Patel's exit may lead to changes in the dynamics of board discussions and decision-making processes.

Additional Roles

Mr. Patel also serves as the Chairman of the Audit Committee at Tirupati Innovar Limited. This information suggests that Mr. Patel holds significant positions across multiple companies.

Company's Response

Heads Up Ventures Limited acknowledged Mr. Patel's resignation and confirmed that there are no material reasons for his resignation other than those mentioned in his letter. The company has filed the necessary forms with the Registrar of Companies to formalize this change in board composition.

Financial Performance

The company reported a total income of Rs. 398.79 lakh for the quarter ended September 30, 2025, with a profit before tax of Rs. 104.63 lakh, according to its unaudited financial results.

Looking Ahead

The company has not yet announced a replacement for Mr. Patel. Shareholders and market observers may be keen to see how Heads Up Ventures Limited plans to fill this vacancy and maintain the required balance of independent directors on its board.

As the company navigates this change in its board composition, stakeholders will likely be watching closely to see how it might impact the company's governance and strategic direction going forward.

Heads Up Ventures Limited , formerly known as The Mandhana Retail Ventures Limited, has announced significant developments following its recent board meeting. The company's Board of Directors convened on August 1, 2025, to review and approve key financial and operational matters.

Financial Performance

The board approved the Standalone and Consolidated Unaudited Financial Results for the quarter ended June 30, 2025. Here are the key highlights from the standalone financial results:

The company has shown a remarkable improvement in its financial performance compared to the previous quarter and the same quarter last year. Revenue from operations surged to ₹1,150.24 lacs in Q1 FY2026, a significant increase from ₹127.46 lacs in the previous quarter. The net profit also saw a substantial rise to ₹291.42 lacs, compared to ₹110.09 lacs in Q4 FY2025 and a loss of ₹23.19 lacs in Q1 FY2025.

Registered Office Relocation

In addition to the financial results, the board approved the relocation of the company's registered office within the same city. The new address will be:

Office No. 12, K 3/5, Ostwal Empire, Navapur, Boisar, Palghar, Maharashtra, 401501

This move from the previous location at Plot No. E-132, MIDC, Tarapur Industrial Area, Boisar, is expected to streamline operations and potentially reduce costs.

Board Meeting Details

The board meeting commenced at 02:30 P.M. and concluded at 03:00 P.M. on August 1, 2025. The company's director, Harsh Pravinbhai Patel, presided over the meeting.

Heads Up Ventures Limited continues to demonstrate strong financial performance, with significant growth in both revenue and profitability in the first quarter of FY2026. The relocation of the registered office may also bring about operational efficiencies that could potentially benefit the company in the long run.