Mindteck VP Sales Jigar Vasani Resigns Effective February 28, 2026

Mindteck (India) Limited has announced the resignation of Mr. Jigar Vasani from his position as Vice President - Sales, effective February 28, 2026. The IT software company informed the stock exchanges about this senior management change on January 02, 2026, in compliance with regulatory requirements.

Resignation Details

The resignation was submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Vasani cited his willingness to pursue interests outside the organization as the primary reason for his departure.

Parameter:	Details
Position:	Vice President - Sales
Last Working Day:	February 28, 2026
Resignation Date:	January 02, 2026
Reason:	Pursue interests outside organization

Regulatory Compliance

Mindteck has fulfilled its disclosure obligations by notifying both BSE Limited and the National Stock Exchange of India Limited about the senior management personnel change. The company provided comprehensive details as required under SEBI regulations.

The key regulatory disclosures include:

Reason for change: Resignation due to willingness to pursue interests outside the organization
Date of cessation: February 28, 2026
Additional confirmations: No other reasons beyond those stated in resignation letter

Official Communication

In his resignation letter addressed to Mr. Pradeep K, Vice President – Human Resources, Vasani requested to be relieved from his duties and responsibilities effective close of business hours on February 28, 2026. He confirmed that there are no other reasons except as stated for his resignation from the position.

Vasani expressed gratitude to the Board of Directors, management, and colleagues for their support and guidance during his tenure as Vice President - Sales. The resignation letter was accepted by the Human Resources department.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+7.55%	+5.42%	+5.96%	-6.71%	-25.22%	+366.76%

Key Appointment Details

Position	Name	Effective Date	DIN
Additional Director & Non-Executive Chairman	Mr. Javed Gaya	December 05, 2025	01481518

Professional Background of Mr. Javed Gaya

Mr. Gaya brings a wealth of experience to his new role at Mindteck:

Legal Expertise: A practicing civil lawyer with years of experience in India and overseas.
International Experience: Worked with English law firm Nabarro Nathanson in Dubai, contributing to cross-border transactions.
Corporate Law: Served as a partner at Advani Co. in Mumbai and successfully established its branch in New Delhi.
Entrepreneurship: Founded his own law firm in Mumbai in 2000.
Client Portfolio: Represents multinational corporations, particularly in construction, oil and gas, and pharmaceutical sectors.
Education: Law degree from Oxford University, England.
Professional Memberships: Member of the Honorable Society of Lincoln's Inn, London.

Additional Roles and Responsibilities

Mr. Gaya's experience extends beyond his legal practice:

Board member of Lama Rice Private Limited.
Appointed and served as liquidator for TAIB Capital (TCCL) and TAIB Securities Limited.

This appointment comes at a time when Mindteck is showing steady financial growth. As per the latest consolidated balance sheet data:

Financial Metric	FY 2025 (in crores)	YoY Change
Total Assets	321.70	+16.77%
Shareholders' Capital	259.90	+17.66%
Current Assets	248.40	+7.16%

The appointment of Mr. Gaya, with his extensive legal and corporate experience, may be seen as a strategic move by Mindteck to strengthen its leadership and potentially navigate complex international business landscapes.

As Mindteck continues to grow, the expertise of Mr. Gaya in cross-border transactions and his work with multinational corporations could prove valuable for the company's future strategies and expansion plans.

Stakeholders will be watching closely to see how this new appointment may influence Mindteck's corporate direction and governance in the coming years.