Mafia Trends Limited , a company listed on the Indian stock exchange, has announced significant changes to its board of directors, effective November 28, 2025. The company has appointed a new independent director while simultaneously accepting the resignation of another, signaling a shift in its governance structure.

Board Restructuring

The company has made the following key changes to its board composition:

Details of the Appointment

• New Appointee: Dharmesh Mithabhiai Patel
• Position: Additional Non-Executive Independent Director
• Term: 5 years
• Effective Date: November 28, 2025
• Subject to: Shareholder approval

Mr. Patel brings a wealth of experience to the board. He is a Commerce Graduate from Gujarat University, Ahmedabad, and has been working as a Tax Consultant for the past 9 years. His expertise in taxation matters is expected to add value to the company's financial governance.

Resignation Details

• Resigning Director: Amit Rameshbhai Uttamchandani
• Position Vacated: Independent Director
• Effective Date: November 28, 2025
• Reason for Resignation: Unavoidable reasons and professional commitments

Mr. Uttamchandani's departure will impact the company's board committees, as he was serving on multiple committees in another listed entity, Power and Instrumentation (Gujarat) Limited.

Impact on Company Structure

These changes are likely to affect the company's board dynamics and committee structures. The company has stated that certain board committees will be reconstituted following these changes.

Financial Context

While the board changes are significant, it's worth noting the company's financial position as of the most recent balance sheet data:

The company shows modest growth in its asset base and shareholder capital, which provides a stable backdrop for these governance changes.

As Mafia Trends Limited navigates this transition in its board composition, stakeholders will be watching closely to see how these changes might influence the company's strategic direction and governance practices in the coming years.

Mafia Trends Limited , a company listed on the BSE, has witnessed another change in its shareholding pattern. Mahendra Singh, a promoter of the company, has further reduced his stake through open market transactions.

Key Details of the Transaction

• Seller: Mahendra Singh (Promoter)
• Number of Shares Sold: 64,000 equity shares
• Mode of Sale: Open market transactions

Impact on Shareholding

This transaction represents a reduction in Mahendra Singh's stake in Mafia Trends Limited, decreasing his ownership by 1.44 percentage points.

Company Overview

• Total Equity Capital: Rs. 4.43 crore
• Total Number of Shares: 44,33,550 shares of Rs. 10 each

Regulatory Compliance

The transaction was disclosed under SEBI regulations for substantial acquisition of shares and takeovers, ensuring transparency in the shareholding changes of the company.

Market Implications

This further reduction in the promoter's shareholding may attract attention from market participants. Investors and analysts might closely monitor the company's performance and any potential changes in management strategy or control structure following this stake reduction.

It's important to note that this transaction occurred through open market sales, suggesting that the shares were absorbed by other investors in the market.

Shareholders and potential investors should keep an eye on any further disclosures or announcements from Mafia Trends Limited regarding changes in shareholding patterns or strategic directions.