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.

V R Woodart Limited has witnessed a significant change in its shareholding structure. Promoter Minal Gaurav Patil has substantially increased her stake in the company through a preferential allotment, marking a notable corporate action.

Key Highlights of the Share Acquisition

• Shares Acquired: 1,24,20,000
• Mode of Acquisition: Preferential Allotment
• Additional Securities: 40,80,000 warrants/convertible securities
• Shareholding Change: Increased from 24.11% to 55.44%

This move represents a significant strengthening of promoter control in VR Woodart Limited, with Minal Gaurav Patil's shareholding more than doubling.

Impact on Ownership Structure

The preferential allotment has resulted in a substantial shift in the company's ownership dynamics:

This change indicates a strong vote of confidence from the promoter in the company's future prospects.

Corporate Governance Update

In a separate development related to VR Woodart's corporate governance:

• The company's statutory auditors, M/s Thakur, Vaidyanath Aiyar & Co, Chartered Accountants (Firm Registration No. 000038N), have tendered their resignation effective November 12, 2025.
• The resignation was attributed to pre-occupation with other assignments.
• The company is now in the process of appointing new statutory auditors.

This change in auditors, while a standard corporate process, underscores the importance of maintaining transparent financial reporting practices, especially in light of significant ownership changes.

The preferential allotment to Minal Gaurav Patil, who is also listed as the Additional Director (Whole-time) and Chairperson of VR Woodart Limited, aligns the interests of the promoter more closely with those of the company. This increased promoter stake may influence the company's strategic direction and performance in the coming months.