Shivansh Finserve Limited has undergone significant changes in its compliance leadership, as announced in a board meeting held on August 8, 2025. The company disclosed these developments in a filing with the Bombay Stock Exchange.

Resignation of Company Secretary

Ms. Rima Dalal has stepped down from her position as Company Secretary and Compliance Officer of Shivansh Finserve Limited. The resignation, attributed to personal reasons, took immediate effect on August 8, 2025. Ms. Dalal, who held the membership number 39280, played a crucial role in the company's compliance functions until her departure.

New Appointment

Simultaneously, the board appointed Mrs. Krishna Prakash Patel as the new Company Secretary and Compliance Officer, effective from the same date. Mrs. Patel brings a wealth of experience and qualifications to her new role:

• Associate member of the Institute of Company Secretaries of India
• Bachelor's degree in Commerce from Gujarat University
• Expertise in Corporate Laws, Corporate Governance, and SEBI-related matters

Her appointment is expected to strengthen the company's compliance framework and corporate governance practices.

Board Meeting Details

The board meeting addressing these changes was held at the company's registered office in Ahmedabad, Gujarat. The meeting commenced at 5:30 pm and concluded at 6:15 pm.

Company Overview

Shivansh Finserve Limited, operating under the CIN L65100GJ1984PLC082579, is a financial services company listed on the Bombay Stock Exchange. The company's leadership changes come as part of its ongoing commitment to maintaining strong corporate governance and compliance standards.

These leadership transitions in the compliance department mark a significant development for Shivansh Finserve Limited. As the company moves forward with its new Company Secretary and Compliance Officer, stakeholders will be keen to observe how these changes impact the organization's regulatory adherence and corporate governance practices in the coming months.

Shivansh Finserve Limited, a company listed on the Bombay Stock Exchange (Scrip Code: 539593), has announced significant changes to its board of directors and committee structures. The company, formerly known as Mansarovar Financial Services Limited, made these decisions during a board meeting held on August 2, 2025, at its registered office in Ahmedabad, Gujarat.

Key Appointment

Mrs. Pratikshaben Umang Shah (DIN: 11222883) has been appointed as an Additional Director, taking on the role of Non-Executive & Independent Director. Her appointment is for a five-year term commencing from August 2, 2025, subject to shareholder approval at the upcoming General Meeting.

Professional Background

Mrs. Shah brings over a decade of experience in the finance sector to her new role. The company emphasized that she is not related to any existing directors on the board, ensuring independence in her position.

Board Committee Restructuring

Following Mrs. Shah's appointment, Shivansh Finserve has reconstituted its board committees:

Audit Committee

Nomination & Remuneration Committee

Stakeholder's Relationship Committee

Regulatory Compliance

The company has confirmed that Mrs. Shah is not debarred from holding the office of a director by virtue of any SEBI Order or any other such authority, in compliance with circular No. LIST/COMP/14/2018-19 dated June 20, 2018, issued by NSE.

Meeting Details

The board meeting where these decisions were made lasted for 30 minutes, starting at 2:00 PM and concluding at 2:30 PM. The company has duly informed the Bombay Stock Exchange of these developments in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shivansh Finserve Limited, with its registered office at 22 First Floor, Harsidhh Complex, Opp. Kalupur Commercial Bank, Income Tax, Ashram Road, Ahmedabad – 380014, Gujarat, continues to evolve its leadership structure to meet its corporate governance and operational needs.