Shivagrico Implements Ltd. announced significant board changes following its meeting held on February 26, 2026, implementing new director appointments and accepting a resignation as part of its governance restructuring.

Board Meeting Outcomes

The board meeting, conducted from 5:00 p.m. to 5:50 p.m. on February 26, 2026, addressed multiple governance matters in compliance with Regulation 30 of SEBI (LODR) Regulations 2015. The company made these announcements to BSE Limited, where it trades under scrip code 522237.

New Director Appointments

The board approved two key independent director appointments, both requiring shareholder approval at the upcoming general meeting:

Mr. Arvind Joshi brings over 25 years of extensive experience in computer programming and key account management. His profile highlights expertise in delivering technology-driven solutions, managing major client accounts, and ensuring successful project execution with strong analytical and leadership skills.

Mrs. Kavita Jain contributes 5 years of experience in Sales and Marketing, Business Development, supply chain, Key Account Management, and Dealer Management. She demonstrates skills in identifying market trends, analyzing competitors, and maintaining strong relationships with manufacturers, retailers, and corporate clients.

Director Resignation

Ms. Priyanka Shah (DIN: 10511302) resigned from her position as Non-Executive Independent Director effective February 26, 2026, citing personal reasons and pre-occupation as the cause for her departure.

In her resignation letter, Ms. Shah confirmed there were no other material reasons for her resignation and expressed gratitude for the opportunity to serve the company.

Internal Auditor Appointment

The board also appointed M/S Sharma Umesh & Co. Chartered Accountant as Internal Auditor for the financial year 2025-2026, strengthening the company's internal audit framework.

Regulatory Compliance

All appointments and resignations were processed in accordance with SEBI regulations, with the company confirming that newly appointed directors are not debarred from holding directorial positions by SEBI or other authorities. The disclosures were made pursuant to Regulation 30 of SEBI (LODR) Regulations 2015 and relevant SEBI circulars from July 2023.

Shivagrico Implements , a manufacturer of rolled sections, forgings, hand tools, and agri implements, has made several key announcements following its board meeting held on August 12, 2025. The company approved its unaudited financial results for the quarter ended June 30, 2025, appointed a new director, and disclosed its financial indebtedness.

Board Approves Q1 Results

The board of directors of Shivagrico Implements approved the unaudited financial results for the quarter ended June 30, 2025. These results were prepared in accordance with Indian Accounting Standards (IND-AS) as prescribed under section 133 of the Companies Act, 2013. The company has submitted these results to the BSE Limited, where its shares are listed.

Appointment of New Director

The company has appointed Mr. Vinit Ranawat as an Additional Director, designated as Non-Executive Non-Independent Director. This appointment, effective from August 12, 2025, was based on recommendations from the Nomination and Remuneration Committee.

Mr. Ranawat brings a wealth of experience to the board:

• MBA in Business Administration from the University of San Francisco, USA
• Over 20 years of experience in business and management
• Expertise in financial analysis, project management, strategic planning, and risk management

Mr. Ranawat is the nephew of Mr. Vimalchand Jain, the Managing Director, and the cousin of Mr. Hemant Ranawat, who serves as Executive Director and Chief Financial Officer.

Financial Indebtedness

Shivagrico Implements also reported on its financial indebtedness:

The company reported no defaults on its outstanding loans.

Conclusion

These developments at Shivagrico Implements, including the approval of quarterly results, the appointment of a new director with extensive business experience, and the disclosure of its financial position, demonstrate the company's commitment to transparency and corporate governance.