Megamont Limited (formerly v r woodart Limited) has announced the resignation of Director Mr. Nidhi Kirti Bhatt from the company's Board of Directors, effective February 16, 2026. The disclosure was made in compliance with SEBI regulations governing corporate governance and transparency requirements.

Director Resignation Details

Mr. Nidhi Kirti Bhatt, holding Director Identification Number (DIN) 07773954, submitted his resignation from the position of Director with effect from the close of working hours on February 16, 2026. The resignation was voluntary and attributed to personal reasons, with the company confirming that there are no other material reasons or circumstances connected with the departure.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal communication was submitted to BSE Limited, providing comprehensive details about the directorship cessation as required by regulatory guidelines.

The disclosure included specific information mandated by SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, covering the reason for change, cessation date, and confirmation that no additional disclosures were applicable for this resignation.

Resignation Documentation

In his formal resignation letter dated February 13, 2026, Mr. Bhatt expressed gratitude for the opportunity to serve on the Board and acknowledged the support received from the Board, management, and colleagues during his tenure. He confirmed having no outstanding claims or dues against the company and committed to cooperating in ensuring a smooth transition of responsibilities.

The resignation letter explicitly stated that there are no material reasons or circumstances connected with the resignation that need to be brought to the notice of the Board, Stock Exchanges, or company members, providing transparency regarding the departure.

Company Information

Megamont Limited, formerly known as V.R.Woodart Limited, operates with CIN L46610MH1989PLC138292. The company's registered office is located at 202, Options Primo, Marlo Indus Retail Area, MIDC Cross Road, No 21, Andheri (E), Chakala MIDC, Mumbai, Maharashtra, 400093. The disclosure was signed by Whole-time Director Ms. Minal Gaurav Patil (DIN: 10579156) on behalf of the company.

VR Woodart Limited successfully concluded its Extraordinary General Meeting on January 14, 2026, with shareholders overwhelmingly approving all 15 proposed resolutions. The company announced the voting results on January 16, 2026, marking a decisive step in its comprehensive business transformation and leadership restructuring.

EGM Voting Results Overview

The EGM witnessed strong shareholder participation with 38 public shareholders attending through video conferencing. All resolutions received overwhelming support, with 99.99% of votes cast in favor across all proposals.

Leadership Appointments Confirmed

Shareholders approved all key leadership appointments with requisite majority:

Corporate Transformation Approved

The most significant resolution - changing the company name from V.R. Woodart Limited to Megamont Limited - received unanimous shareholder support. This change aligns with the company's strategic expansion into petroleum products and mining operations.

Financial and Operational Approvals

Shareholders approved critical financial resolutions enabling business expansion:

The board appointed M/s. KPN & Co. Chartered Accountants as statutory auditors to fill the casual vacancy, replacing M/s. Thakur Vaidyanath Aiyar & Co.

Committee Restructuring and Next Steps

Following the approvals, the company has reconstituted its key committees with the newly appointed directors. The registered office will shift from Walkeshwar, Mumbai to Marol MIDC, Andheri East, Mumbai as part of the corporate restructuring.

The voting process was conducted through remote e-voting from January 11-13, 2026, and physical voting at the EGM venue. Only minimal opposition was recorded, with just 2 votes against each resolution, representing negligible resistance to the transformation plans.

With all regulatory approvals now secured from shareholders, VR Woodart is positioned to complete its transformation into Megamont Limited and commence operations in the petroleum and mining sectors.