Shiv texchem Limited has announced the resignation of Independent Director Mr. Rajen Hemchand Gada, effective February 11, 2026. The company informed the Bombay Stock Exchange about this board change in compliance with SEBI regulations on February 19, 2026.

Resignation Details

Mr. Rajen Hemchand Gada (DIN: 01642360) submitted his resignation letter on February 11, 2026, citing personal commitments as the primary reason for his departure from the board. The resignation became effective immediately from the same date.

Board's Response and Confirmation

The matter was presented to the board during a scheduled meeting on February 16, 2026. The Managing Director, with consent from other directors present, attempted to connect with Mr. Gada to persuade him to reconsider his resignation. However, these discussions did not yield the desired outcome, and the resignation stands effective from February 11, 2026.

In his resignation letter, Mr. Gada confirmed that there are no other material reasons for his resignation beyond the personal commitments stated. He expressed gratitude to the Board of Directors and management for their support and cooperation during his tenure.

Other Directorships

According to the regulatory filing, Mr. Gada holds additional responsibilities in the corporate sector:

Regulatory Compliance

Shiv Texchem Limited has ensured full compliance with regulatory requirements, including:

• Filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Adherence to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023
• Submission of required annexures including the resignation letter and detailed information

The company has requested the board to complete all necessary statutory and regulatory compliances, including filings with the Registrar of Companies and Stock Exchange as required under the Companies Act, 2013, and other applicable laws.

Shiv Texchem Limited , a Mumbai-based company, has announced the resignation of its Company Secretary and Compliance Officer, Ms. Dinky Jain. The company disclosed this information in compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Key Details of the Resignation

Ms. Jain submitted her resignation letter on October 14, 2025, expressing her intention to explore new career opportunities beyond Shiv Texchem Limited. The company's board has acknowledged her decision and will relieve her from her duties at the close of business hours on the same date.

Company's Response

The resignation was formally communicated to the BSE Limited (formerly known as Bombay Stock Exchange) where Shiv Texchem Limited's shares are listed. Mr. Vikas Pavankumar, the Managing Director of Shiv Texchem Limited, signed the official intimation to the stock exchange.

Additional Company Information

Shiv Texchem Limited, with its registered office at 216, 2nd Floor, Kamla Space, Khira Nagar, S. V. Road, Santacruz (W), Mumbai - 400 054, operates under the Corporate Identification Number (CIN) L24110MH2005PLC152341. The company maintains its corporate office at 602/NB/C, 17D Savoy Chamber, Opp. TPS Il V.P. Road, Dattatraya Road, Santacruz(W), Mumbai - 400054.

Recent Clarification on OFAC Sanctions List

On October 13, 2025, just a day before Ms. Jain's resignation, Shiv Texchem Limited issued a clarification regarding its inclusion in the Office of Foreign Assets Control (OFAC) sanctions list. The company stated that it believes its inclusion in the list, published on October 9, 2025, under an Iran-related sanctions program, is erroneous or a case of mistaken identity. Shiv Texchem Limited has emphasized that it has no business, financial, or commercial dealings with Iran or any sanctioned jurisdictions, entities, or persons.

The company is taking steps to address this issue by appointing a U.S.-based attorney to engage with OFAC and pursue delisting under the prescribed procedures. Despite this development, Shiv Texchem Limited has assured stakeholders that its business operations continue as usual across all product lines, with suppliers, customers, and banking partners remaining fully supportive.

As the company navigates these changes, including the resignation of its Company Secretary and the OFAC list issue, investors and stakeholders will likely be watching closely for any further developments or announcements from Shiv Texchem Limited.